An Act making appropriations from the State Employees' Retirement Fund and from the SERS Defined Contribution Fund to provide for expenses of the State Employees' Retirement Board for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2026.

Summary

The bill transfers up to $43,176,000 from the State Employees' Retirement Fund and $2,879,000 from the SERS Defined Contribution Fund to the State Employees' Retirement Board. The money is to pay salaries, travel, contractual services and other operating costs for the fiscal year July 1 2026‑June 30 2027, and to settle any bills left unpaid at the end of the 2025‑26 fiscal year. This ensures the board can continue administering retirement benefits without a funding gap.

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