SB 2907

AN ACT TO CREATE A SEPARATE RETIREMENT SYSTEM FOR FIRST RESPONDERS, INCLUDING LAW ENFORCEMENT OFFICERS, FIREFIGHTERS, EMERGENCY MEDICAL SERVICES PROVIDERS, EMERGENCY MANAGEMENT PERSONNEL, AND PUBLIC SAFETY TELECOMMUNICATORS; TO DEFINE ELIGIBILITY FOR MEMBERSHIP IN THE SYSTEM; TO PROVIDE FOR EMPLOYEE AND EMPLOYER CONTRIBUTIONS TO FUND THE SYSTEM; TO ESTABLISH BENEFITS FOR DISABILITY AND SUPERANNUATION RETIREMENT AND ESTABLISH DEATH BENEFITS; TO ESTABLISH A COST-OF-LIVING ADJUSTMENT (COLA) TIED TO THE CONSUMER PRICE INDEX FOR URBAN WAGE EARNERS AND CLERICAL WORKERS(CPI-W); TO ESTABLISH AN ADMINISTRATIVE BOARD TO ASSIST WITH THE OPERATION OF THE SYSTEM; AND FOR RELATED PURPOSES.