State Contribution to Fire & Police Pension Association Death & Disability Fund
The bill requires the state treasurer to pay a total of $27.39 million, in 3 equal payments of $9.13 million, to be made on July 1, 2024, July 1, 2025, and July 1, 2026, to the fire and police pension association for it to deposit into the trust fund so that there will be sufficient money to pay future death and disability benefits to these members.
(Note: This summary applies to this bill as introduced.)