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 raises the minimum monthly benefit amount that allows for a lump sum retirement payment from $50 to $250. This change affects individuals eligible for retirement allowances or their beneficiaries across several state retirement systems. If passed, more people with small monthly benefits would be able to choose a one-time lump sum payment instead.

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

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