SB 761 State Retirement and Pension System Executive Directors Membership and Vesting

About SB-761

Requiring the Executive Director of the Alcohol and Tobacco Commission to be a sworn police officer with certain powers; providing that an individual who commences employment as the Executive Director of the State Retirement Agency on or after January 1, 2021, shall have immediate vesting rights in the Employees' Pension System; requiring the Board of Trustees for the State Retirement and Pension System to transfer certain service earned under certain circumstances; requiring the Board of Trustees to transfer certain contributions; etc.