Establishing a state retirement plan group for new state employee...
Establishing a state retirement plan group for new state employee members of the retirement system.
This bill, HB581, aims to create a new retirement plan group for state employees who join the retirement system in the future. It was introduced on January 16, 2025, and is currently being reviewed by the relevant committees.
New state employees who join the retirement system after this bill becomes law would be part of the new retirement plan group. This could affect thousands of new hires by providing them with a different set of retirement benefits.
As of January 16, 2025, the bill has been introduced and referred to the Executive Departments and Administration committee. Recent actions include a public hearing on January 30, 2025, and a committee report without a recommendation on February 19, 2025. The bill was laid on the table on March 13, 2025, indicating it is temporarily inactive but could be reconsidered later.