Updates Page

The following items are part of memos that have been issued by the Public Employee Retirement Administration Commission during the calendar year 2004. Please feel free to use the links below or go directly to the PERAC website. We also encourage you to visit the Retired State, County and Minicipal Employees Association website. They are instramental in helping the minicipal retirees accross the state and are up to date on any pending legislation.

Increase in allowance for dependent children of Accidental Disability Retirees

lPPA 845 - Public Safety Officers can exclude up to $3,000.00 from taxable retirement for Health Insurance

Local Option Increase in Accidental Death Benefit for Surviving Children

Increase in death benefit paid to surviving eligible children under CH. 32 9 (2) (d)

Military Pay Act

Disibility retirement benefits for veterans Chapter 157 Acts of 2005

2007 Interest Rate set at 0.60 percent

Veto of Senate Bill 1576 (Veterans benefit to accidental disability retirees)

Chapters 279 & 280 (Change in the way a buyback or redeposit is calculated)

A change in the way and Option C retirement is to be calculated

Chapter 32 section 105 (Allows superannuation retirees to reenter the system upon repayment....)

Change in how the interest is calculated on a redeposit