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Termination Benefits
Bill #: SB 525 Author: Torlakson
Version: Chaptered 10/7/2005 Sponsor: Teachers' Retirement Board
Location: Chapter 661, Statutes of 2005 Board Position: Sponsor
Bill Text / History / Status
Summary:
Reduces the one-year waiting period to a period of six consecutive months for both members of the DBS Program and participants of the CB Benefit Program before receiving a termination benefit under either program; also prohibits the payment of more than one termination benefit under either program during a single five year period.


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