Legislative Updates

2026 Legislative Updates

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

Increase the current pension maximum of eighty-five percent (85%) to one hundred percent (100%), consistent with members under the public employee plans.
Decrease the vesting period from eight (8) to five (5) years, 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.
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.
Due to the significant increase in contributions, the legislation decreases the amortization period for the Judicial Retirement Fund and can be considered adequately funded.
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%).
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.

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 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 includes an appropriation of ten million dollars ($10,000,000) to fund the increase for the state retirees.

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