Provides TPAF members and certain retirees same benefits provided to members enrolled in retirement system before July 1, 2007.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill aims to equalize retirement benefits for members of the Teachers’ Pension and Annuity Fund (TPAF) and certain retirees. It would grant current TPAF members and eligible retirees the same benefits previously available to members enrolled in the system before July 1, 2007. The legislation also includes provisions for automatically enrolling certain public employees into TPAF and transferring service credits from a Defined Contribution Retirement Program to TPAF, with an option for employees to opt-out.
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Sponsors
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