SENATE BILL REPORT

SB 5286

BYSenator Conner

Revising the determination of retirement credit for military service.

Senate Committee on Ways & Means

Senate Hearing Date(s):

Senate Staff:Charles Langen (786-7715)

AS OF FEBRUARY 4, 1987

BACKGROUND:

Members of the Public Employees' Retirement System (PERS), Tier I, who have completed 25 years of credited service may gain up to five years of additional service credit for military service.

SUMMARY:

The PERS I provision for up to five years additional service credit for military service after completing 25 years of service is replaced by a provision which allows one year of service credit for military service for each five years of credit service in PERS I, limited to gaining five additional years service credit.

Fiscal Note:      requested