Text: SF00142 Text: SF00144 Text: SF00100 - SF00199 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. STATEWIDE FIRE AND POLICE RETIREMENT SYSTEM –
1 2 STUDY ON DEFERRED RETIREMENT OPTION PROGRAM – REPORT. The
1 3 board of trustees of the statewide fire and police retirement
1 4 system created under chapter 411 shall conduct a study to
1 5 consider whether to implement a deferred retirement option
1 6 program (DROP) for its members. In pursuing this proposal,
1 7 the board shall survey its members and associations
1 8 representing members of the system in order to determine the
1 9 level of members' interest and the conditions under which
1 10 members would, or would not, participate in such a program.
1 11 On or before October 1, 2003, the board shall file a report
1 12 with the legislative service bureau, for distribution to the
1 13 public retirement systems committee established in section
1 14 97D.4, which contains its findings and recommendations. The
1 15 report shall also contain any applicable actuarial information
1 16 concerning the costs of any proposal or proposals.
1 17 Sec. 2. EFFECTIVE DATE. This Act, being deemed of
1 18 immediate importance, takes effect upon enactment.
1 19 EXPLANATION
1 20 This bill requires the board of trustees of the Code
1 21 chapter 411 retirement system for local fire and police
1 22 departments to conduct a study to consider whether to
1 23 implement a deferred retirement option program (DROP) for its
1 24 members. The board shall submit its findings to the
1 25 legislative service bureau for distribution to the legislative
1 26 public retirement systems committee by October 1, 2003.
1 27 The bill takes effect upon enactment.
1 28 LSB 2084XS 80
1 29 ec/pj/5
Text: SF00142 Text: SF00144 Text: SF00100 - SF00199 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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