Provides an optional twenty-five-year retirement plan for certain airport firefighters employed by a county or municipality.
The bill introduces an optional twenty-five-year retirement plan for airport firefighters employed by a county or municipality. Eligible firefighters can retire after completing twenty-five years of creditable service, receiving a pension equal to one-half of their final average salary, plus an additional amount for each year of service beyond twenty-five years, up to a maximum of three-fourths of their final average salary. The benefit is available only to those members whose employer elects to provide such benefits by adopting a resolution and filing it with the comptroller.
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- Critical Issues
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