This bill expands the definition of “public employment related crime” to include federal convictions and also defines “economic impact of a public employment related crime”. If a public employee commits a public employment related crime, upon final conviction such person’s benefits under a public retirement or pension system, including any survivor’s benefits if applicable, shall be reduced by an amount equal to three times the economic impact of the crime. Payment of benefits shall cease until the amount has been forfeited, after which benefits shall be restored. This shall apply to persons who, first or again, become members of a public retirement system on or after July 1, 2008. Upon final conviction, the prosecuting attorney must notify the former public employer and any public retirement system.