An Act To Decrease The Retirement Contributions Required For Teachers And State Employees
Died in Possession of the Senate when the Legislature adjourned Sine Die and was PLACED IN THE LEGISLATIVE FILES. (DEAD)
Summary
The bill would lower the mandatory contribution that teachers and state workers must pay into the State Employee and Teacher Retirement Program, cutting it from 7.65% to 6.2% of their earnable compensation. The change would take effect on July 1, 2026 and would apply to all members of the program. It is intended to lessen the financial burden on public employees.
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