SB 2345

Principle Criteria
neutral
Free Enterprise
neutral
Property Rights
neutral
Personal Responsibility
neutral
Limited Government
neutral
Individual Liberty
Digest
SB 2345 revises the administration, contributions, and benefits structure of firefighter retirement systems in municipalities with populations between 950,000 and 1,050,000. It introduces actuarial standards for contributions, modifies pension eligibility requirements, and changes governance rules for firefighter pension boards. Additionally, it allows municipalities to alter their pension contribution rates based on actuarial assessments, ensuring the long-term sustainability of the firefighter retirement system​.
Author (1)
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