Legislative Session number- 86

Bill Name: SF0578

Relating to retirement, modifying the state trooper (patrol) retirement member
and employer contributions; modifying allowable service limits and computation,
employee and employer contributions under public employees retirement
association (PERA), allowing PERA to correct plan operational failures;
prohibiting disability benefits and retirement annuities simultaneously;
defining teachers retirement association (TRA) annual base salary and fiscal
year; modifying service credit, employee contribution, retirement annuity
accrual date, resumption of teaching after retirement, death prior to
retirement, permanent disability benefits determination, examination and
calculation, postretirement income reporting, payroll reporting, annual base
salary reporting, noncompliance consequences, deferred annuity augmentation and
the part-time teaching definition; creating TRA full actuarial value uncredited
military service credit purchase, correcting teachers retirement erroneous
salary deductions or direct payments; authorizing administrative subpoena in
event of overpayment of benefits after death; clarifying TRA supplemental needs
trust as optional annuity designation; requiring cost of living increases
benefit reductions; modifying limitation on public employee salaries for pension
purposes, eligible retirement plan, distributee and petition for review appeal;
repealing TRA board of trustees fiscal year and annuity increases
(rt)