Monday, February 23, 2009

Senate Bill 145

Sen. Greiner’s “Public Safety Retirees’ Death Benefit Revisions” passed the Senate last week, and passed the House today. This bill allows a public safety retiree to choose a death benefit of 75% instead of 65% of the retiree's allowance to be paid to the surviving spouse in exchange for an actuarial reduced retirement allowance. UPEA feels that this is just the beginning of creating parity for public safety retirees. This bill will now be sent to the Governor for his signature.