Creating a voluntary statewide lump-sum volunteer firefighter retirement plan; defining terms; providing coverage for volunteer firefighters serving in fire departments in municipalities or independent nonprofit firefighting corporations electing to have retirement coverage in the voluntary statewide lump-sum volunteer firefighter retirement plan; requiring the voluntary statewide lump-sum volunteer firefighter retirement plan and fund to be managed and administered by the board of trustees of the voluntary statewide lump-sum volunteer firefighter retirement plan and the executive director of the public employees retirement system (PERA); establishing a statewide volunteer firefighter retirement fund in the treasury, specifying certain duties of the state board of investment and the commissioner of finance, requiring the legislative auditor to audit the fund and the attorney general to act as legal advisor; establishing a voluntary statewide lump-sum volunteer firefighter retirement plan advisory board, specifying duties and membership requirements; requiring municipalities and fire departments with volunteer firefighters covered by the plan to provide requested information and records to the board; specifying election of plan coverage process requirements; providing for disestablishment of prior volunteer firefighters relief association special fund upon retirement coverage change and transferring assets to the state board of investment and specifying other relief association changes; providing for certification of good time service credit annually; specifying certain funding and disbursements requirements; specifying eligibility requirements for retirement benefits; providing for a deferred service pension amount; providing for service pension levels to be selected at the election of coverage; providing for entitlement of survivor benefits; providing portability of a service pension under certain conditions; authorizing the purchase of annuity contracts by the executive director; authorizing individual retirement account transfers under certain conditions; making certain conforming changes; modifying certain provisions relating to the supplemental investment plan, qualifications for state aid, appointment of fire state aid to municipalities and relief associations and the appeal process for state aid apportionment; modifying duties of the commissioner of finance relating to the issuance of warrants to the PERA and specifying certain deposit of state aid duties by the executive director for a municipality or the independent nonprofit firefighting corporation
(je)