Appropriation; Public Employees' Retirement System.

Summary

The bill allocates $21,201,795 from the state treasury’s special funds to cover the administrative expenses of the Retirement System’s Board of Trustees and to fund maintenance and operation of its headquarters building for the fiscal year beginning July 1, 2026. It also earmarks $12,997,770 for salaries, wages, fringe benefits and vacancy funding for 168 permanent and 35 time‑limited staff positions. The money must be used according to the state’s Variable Compensation Plan and cannot be transferred to other budget categories.

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