Relating to retirement; implementing the recommendations of the volunteer firefighter relief association working group of the state auditor; modifying the trigger date for the filing of financial reports for certain salaried and volunteer firefighters relief associations; modifying and clarifying certain provisions relating to the volunteer firefighters relief association financing guidelines act; modifying the basis of certain determinations by the state auditor and excluding certain municipalities or nonprofit firefighting corporations or associated relief associations from eligibility for fire state aid based on certain violations; clarifying certain financial requirements of relief associations paying lump sum or monthly service pensions, requiring the amortization of experience losses; modifying the limit on mutual fund investments and clarifying corporate stock and exchange traded funds investment authority; modifying the per firefighter financing requirements for monthly benefit service pensions; clarifying the deferred service pension options available to defined contribution plans; modifying the options for crediting interest on deferred service pensions; providing for the crediting of service during military service leaves; modifying the municipal representation requirements on relief association governing boards
(ra)