(Amendments to Chapters 219 and 218,See Sections 3-8)
The main component of this bill would extend the provisions of the Early Retirement Incentive Program to state employees who are paid through federal, trust and capital funding sources. Under the provisions of this bill, employees must file for retirement no later than April 19, 2002 and must retire on May 30, 2002. The bill also contains separate provisions for the Judiciary and the Legislature making certain employees classified in Group 2 and not originally eligible for the ERI due to being between the ages of 50 and 55 eligible for the ERI. Originaly participation limits also elimintated under this law.