An Act to Allow Game Wardens to Transfer Retirement Service, Allow Certain Employees of Participating Local Districts to Purchase Service Credit and Allow Transfer of Membership from the State Employee Retirement Plan to Another Plan
Impact
By enabling the transfer of retirement service credits, LD313 effectively modernizes the retirement framework for state employees, particularly for law enforcement and fire service personnel. This change is designed to reduce barriers for these professionals who may move between different governmental roles, thereby encouraging retention within the public service sector. The bill addresses the needs of those in roles deemed essential, ensuring they are not penalized by previous employment transitions.
Summary
LD313 is an Act in the State of Maine aimed at facilitating the transfer of retirement service credits among members of certain state employee retirement plans. The bill specifically allows game wardens and certain employees of participating local districts to transfer their retirement service to new employers or plans without having to separate from their previous employment. This legislation seeks to provide these employees with greater flexibility in managing their retirement benefits and ensuring they retain credit for their service when changing jobs within the system.
Sentiment
The sentiment surrounding LD313 appears to be generally supportive among legislators, especially among those representing constituents working in law enforcement and related fields. Proponents argue that the bill promotes equity and aligns with modern workforce mobility by removing unnecessary hurdles for service members wishing to transfer retirement benefits. However, discussions may reveal some apprehensions about the implications for funding and sustainability of the retirement systems being modified.
Contention
While there may not be significant contentious points highlighted in discussions around LD313, concerns could arise regarding the administration of these transfers and the impact on overall pension fund stability. The requirement for local districts to manage the purchase of service credits within a specified timeframe, as well as determining the contributions necessary to support these changes, could lead to operational challenges. Stakeholders might debate the long-term viability and financial implications of the bill's provisions.
Retirement; active participating judges, clerks, and district attorneys allowed to purchase withdrawn service from District Attorneys Plan and Judges' and Clerks' Plan
District attorneys, prosecutors, office of prosecution services' attorneys, retirement benefits and allowances further provided for; membership of District Attorneys' Plan expanded; participation in supernumerary program and employees retirement system further provided for
To Allow A Member Of The Arkansas Public Employees' Retirement System To Receive Service Credit From Service Under An Alternate Retirement Plan To Meet Eligibility Requirements.
Retirement: county employees; employment of retirant in a county sheriff's office; allow without forfeiting retirement allowance. Amends sec. 12a of 1851 PA 156 (MCL 46.12a).
Retirement: county employees; employment of retirant in a county sheriff's office; allow without forfeiting retirement allowance. Amends sec. 12a of 1851 PA 156 (MCL 46.12a).
Retirement: county employees; employment of retirant in a county sheriff’s office; allow without forfeiting retirement allowance. Amends sec. 12a of 1851 PA 156 (MCL 46.12a).
Relating to the authority of the Wood County Central Hospital District of Wood County, Texas, to provide brain and memory care services to residents of the hospital district through the creation and operation of brain and memory health care services districts.