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SF 3456 Senate Long Description

Providing an additional retirement benefit for certain eligible teachers and retired teachers previously covered by the money purchase program of the teachers retirement association, specifying eligibility; requiring and providing for determination of the additional benefit amount by the TRA executive director; specifying a total additional benefits limit and the duration; prohibiting payments to estates or retroactive payments; requiring annual reports by the executive director on the additional benefits to the legislature, specifying certain report content requirements (mk)