Concerning the threshold for payment of a lump sum retirement allowance in lieu of a monthly benefit.

Also relevant to:Senior (65+, Medicare/SS)

Where it is in the process

Plain-English Summary

This bill would increase the minimum monthly retirement benefit amount from $50 to $250 for certain state retirement systems. If a member's initial monthly retirement benefit is below this new threshold, they may receive a lump sum payment instead of monthly payments. This change would affect members eligible for service retirement or disability allowances under specific retirement acts.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

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