As of now, no legislation has been passed to amend the current status of retirement benefits for municipal fire fighters. The Public Employees Retirement Act (PERA) Board has been dealing with solvency issues, currently having an Unfunded Actuarial Accrued Liability (UAAL) which has grown from $2.3 billion last year to $3.3 billion this year. Two years ago legislation was passed, HB 573, to address these issues. The bill included amendments to municipal public safety members' retirement, a major issue being a service credit requirement change from 20 years to 25 years. IAFF 244 with the help of Senators and Reps successfully removed these amendments before the bill was passed. The bill also included a section creating a PERA task force, the Retirement Systems Solvency Task Force (RSSTF). For the past two years, RSSTF has received numerous recommendations from committees including the PERA Board to amend retirement benefits. One of these drafted bills, The Ideal Plan, includes measures that would change fire fighter retirement benefits for firefighters hired after July 1, 2011. Pensions would be changed to 2.9% of average salary multiplied by the number of service years. Contribution rates would go up from 8% if the member is in Plan 1, 2 or 3 to 10% of salary. The service eligibility requirement would be moved to 25 years for all fire fighters 55 and younger and to 5 years for fire fighters over 60 years of age. RSSTF, with initial agreements certain members to amend the Ideal Plan, ultimately took no action and provided no recommendations. The Legislative Council Service then presented the Ideal Plan and other measures on behalf of the PERA Task Force to the Investment Oversight Committee on December 1, 2010. The measure was not recommended and was deferred until the next Investment Oversight Committee on December 21, 2010.