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Legislative Updates

2025 Legislative Updates

As of 02/21/2025, the following PERA-related legislation has been introduced.

  • The legislation introduces an ad hoc, annual two percent (2%) COLA for the following retirees:?Retired prior to July 1, 2025 + Retired from a local government + Attained the age of sixty-five (65) + The local government provides the necessary funding for the increase through the Department of Finance and Administration.
  • The legislation includes an appropriation of ten million dollars ($10,000,000) to fund the increase for the state retirees.
  • The legislation is?not?adequately funded.
  • The legislation introduces an automatic, annual two percent (2%) COLA for the following retirees: Retired prior to July 1, 2025 + Retired from state government + Attained the age of sixty-five (65).
  • The legislation is adequately funded.
  • The legislation includes an appropriation of sixty-six million dollars ($66,000,000) to fund the 13th checks.
  • The Legislation provides a two percent (2%) non-compounding 13th checks to?all?retirees for fiscal years 2026 and 2027.
  • Decrease the vesting period from eight (8) to five (5) years, consistent with members under the public employee plans.
  • Increase the pension multiplier from three and one-half percent (3.5%) for judges/justices who took the bench prior to 07/01/2014 and from three and one-quarter percent (3.25%) for judges/justices who took the bench on or after 07/01/2014 to four percent (4%) for up to ten years of service credit. Thereafter, returning to three and one-half percent (3.5%) and three and one-quarter percent (3.25%) respectively.
  • Increase the current pension maximum of eighty-five percent (85%) to one hundred percent (100%), consistent with members under the public employee plans.
  • Increase employer contributions from fifteen percent (15%) to nineteen and twenty-four hundredths percent (19.24%) and the employee contributions from ten and one-half percent (10.5%) to fourteen and seventy-four hundredths percent (14.74%).
  • Due to the significant increase in contributions, the legislation decreases the amortization period for the Judicial Retirement Fund and can be considered adequately funded.
  • Due to the significant increase in contributions, the legislation decreases the amortization period for the Judicial Retirement Fund and can be considered adequately funded.
  • Due to the significant increase in contributions, the legislation decreases the amortization period for the Judicial Retirement Fund and can be considered adequately funded.
  • Decrease the vesting period from eight (8) to five (5) years, consistent with members under the public employee plans.
  • Increase the pension multiplier from three and one-half percent (3.5%) for judges/justices who took the bench prior to 07/01/2014 and from three and one-quarter percent (3.25%) for judges/justices who took the bench on or after 07/01/2014 to four percent (4%) for up to ten years of service credit. Thereafter, returning to three and one-half percent (3.5%) and three and one-quarter percent (3.25%) respectively.
  • Increase the current pension maximum of eighty-five percent (85%) to one hundred percent (100%), consistent with members under the public employee plans.
  • Increase employer contributions from fifteen percent (15%) to nineteen and twenty-four hundredths percent (19.24%) and the employee contributions from ten and one-half percent (10.5%) to fourteen and seventy-four hundredths percent (14.74%).
  • Due to the significant increase in contributions, the legislation decreases the amortization period for the Judicial Retirement Fund and can be considered adequately funded.
  • Due to the significant increase in contributions, the legislation decreases the amortization period for the Judicial Retirement Fund and can be considered adequately funded.
  • Due to the significant increase in contributions, the legislation decreases the amortization period for the Judicial Retirement Fund and can be considered adequately funded.
  • Due to the significant increase in contributions, the legislation decreases the amortization period for the Judicial Retirement Fund and can be considered adequately funded.
  • Due to the significant increase in contributions, the legislation decreases the amortization period for the Judicial Retirement Fund and can be considered adequately funded.
  • Due to the significant increase in contributions, the legislation decreases the amortization period for the Judicial Retirement Fund and can be considered adequately funded.
  • Due to the significant increase in contributions, the legislation decreases the amortization period for the Judicial Retirement Fund and can be considered adequately funded.
  • Due to the significant increase in contributions, the legislation decreases the amortization period for the Judicial Retirement Fund and can be considered adequately funded.
  • Due to the significant increase in contributions, the legislation decreases the amortization period for the Judicial Retirement Fund and can be considered adequately funded.
  • Due to the significant increase in contributions, the legislation decreases the amortization period for the Judicial Retirement Fund and can be considered adequately funded.
  • Due to the significant increase in contributions, the legislation decreases the amortization period for the Judicial Retirement Fund and can be considered adequately funded.
  • Due to the significant increase in contributions, the legislation decreases the amortization period for the Judicial Retirement Fund and can be considered adequately funded.
  • Due to the significant increase in contributions, the legislation decreases the amortization period for the Judicial Retirement Fund and can be considered adequately funded.
  • Due to the significant increase in contributions, the legislation decreases the amortization period for the Judicial Retirement Fund and can be considered adequately funded.
  • Due to the significant increase in contributions, the legislation decreases the amortization period for the Judicial Retirement Fund and can be considered adequately funded.
  • Due to the significant increase in contributions, the legislation decreases the amortization period for the Judicial Retirement Fund and can be considered adequately funded.
  • Due to the significant increase in contributions, the legislation decreases the amortization period for the Judicial Retirement Fund and can be considered adequately funded.
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Phone: (505) 542-6320
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