HB 3193
Failure to pay the required contribution and interest payment for any police officer or firefighter who transferred from the Public Employees Retirement System to the Municipal Police Officers and Firefighters Retirement System
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Sign in to take action- Introduced
- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill addresses the situation for police officers and firefighters who transfer from the Public Employees Retirement System (PERS) to the Municipal Police Officers and Firefighters Retirement System (MPFRS). It establishes that if a transferred employee fails to make the required contribution and interest payments, their service credit and assets will be returned to PERS. This ensures that municipalities remain responsible for funding their employees’ retirement benefits and prevents potential financial burdens on the MPFRS.
Sponsors
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Primary sponsor
J. Cannon
Cosponsor
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