Authorizes retired police officers and firefighters to earn income in addition to their earnable compensation; provided that, the amount would not exceed 5 times the rate of earnable compensation currently in force.
Amends definition for final compensation, relative to police officers and firefighters, provides them life annuity regardless of age or years of service, upon retirement and further provides additional benefits upon retirement.
Allows police and firefighters to retire with 20 years of service and attained 57 years of age based on their highest 3 years consecutive compensation.
Relating To Towns And Cities-optional Retirement For Members Of Police Force And Firefighters
Optional Retirement For Members Of Police Force And Firefighters
Effective July 1, 2024, entitles environmental police officers to the benefits provided by chapter 45-21.2 entitled "Optional retirement for members of police force and firefighters."
Effective July 1, 2024, entitles environmental police officers to the benefits provided by chapter 45-21.2 entitled "Optional retirement for members of police force and firefighters."
Extends injured-on-duty (IOD) benefits to police officers and firefighters that suffer from diagnosed post-traumatic stress disorders, except under certain conditions.
Extends injured-on-duty (IOD) benefits to police officers and firefighters that suffer from diagnosed post-traumatic stress disorders, except under certain conditions.
Authorizes an annual two and one-half percent (2.5%) escalation for all active and retired police and firefighter's retirement pension allowance, compounded each year on January 1 following the year of retirement and continuing yearly, on that date.