Employee and employer contributions to general employees retirement plan modified.

Summary

The bill changes the percentage of salary that both employees and employers must contribute to the General Employees Retirement Plan of the Public Employees Retirement Association. It keeps the 9.10% rate for basic members and updates the coordinated‑member rates, adding a specific 5.5% employee and 7.5% employer contribution for school employees beginning July 1, 2026. These changes affect all state‑funded workers covered by the plan.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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