H1056 - FAIR 2018. (SL 2018-52)

Overview: S.L. 2018-52, the Financial Accountability, Integrity, and Recovery (FAIR) Act of 2018, amends statutes pertaining to the Teachers' and State Employees' Retirement System, the Local Governmental Employees' Retirement System, the Consolidated Judicial Retirement System, the Legislative Retirement System, the Firefighters' and Rescue Squad Workers' Pension Fund, the Disability Income Plan, and the State Health Plan. These amendments broadly include the following areas: recovery of overpayment and erroneous payment; State Health Plan recovery; garnishment; liens; prohibiting the repurchase of forfeited benefits; reciprocity of creditable service; settlement agreements; average final compensation and the contribution-based benefit cap; and short term disability.

The act became effective June 25, 2018.