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Council approves permissive change to bridge benefit that extends maximum payout regardless of retirement age
Summary
The Council on Pensions recommended passage of an amendment and House Bill 977 / Senate Bill 953 to make the public safety bridge benefit payable for a maximum of seven years regardless of the retirement age chosen by the member; the change is permissive to local governments and carries an estimated maximum cost if fully adopted.
The Council on Pensions voted to recommend passage of House Bill 977 / Senate Bill 953, with an amendment adopted during the committee, to change when the temporary bridge benefit for public safety officers (police and firefighters covered by mandatory retirement) ends.
Representative Burkhart, the sponsor, described the measure as permissive and said it would allow public safety officers who…
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