S2374 — Changes the teacher and state employees' retirement benefit calculations' cutoff date from July 1, 2024, to July 1, 2012, for all retirement members eligible to and who retire on or after the new July 1, 2012, cutoff date.

S2374 — Changes the teacher and state employees' retirement benefit calculations' cutoff date from July 1, 2024, to July 1, 2012, for all retirement members eligible to and who retire on or after the new July 1, 2012, cutoff date. · Informed CitizenryThis legislation significantly changes how the retirement benefits are calculated for teachers and other state employees. Currently, a major cutoff date used in benefit calculations is set for July…Open in Informed Citizenry