This bill amends the definition of overtime ceiling for members joining a public retirement system on or after April 1, 2012.
This legislation amends the definition of "overtime ceiling" for members who first join a public retirement system on or after April 1, 2012. It specifies that overtime compensation exceeding the ceiling will not be included in the definition of wages. The overtime ceiling is set at $15,000 per annum on January 1, 2010, and increases annually by a percentage based on the consumer price index. The bill also excludes certain forms of compensation from the definition of wages for these members.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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