For those members to whom the 5-year minimum creditable service requirement does not apply, the 10-year minimum creditable service requirement for eligibility to receive service retirement benefits remains in effect on and after October 1, 1999.

SUMMARY

The purpose of this bill is to provide consistency in the laws governing retirement. This bill changes the minimum creditable service for eligibility to receive retirement benefits from 10 years to 5 years for employee members of participating local districts and members of the state legislative retirement system and the judicial retirement system.