relative to determination of earnable compensation for certain group II retirement system members.

HB 1653 amends state law to clarify how "earnable compensation" is calculated for certain public employees in the Group II retirement system who were not yet vested before January 1, 2012. The bill defines which types of pay, such as overtime and bonuses, count toward retirement benefits and establishes specific rules for limiting compensation during the highest earning years and the final 12 months of employment. It also sets an annual cap based on federal tax limits for some permanent firemen and policemen who joined the system after 1996. The legislation would have taken effect on July 1, 2024, but was ultimately not recommended for future action by the legislature.