SB 1401: RELATING TO THE EMPLOYEES' RETIREMENT SYSTEM.
- Session Year: 2025-2026
- House: Senate
Current Status:
In Progress
(2025-12-08: Carried over to 2026 Regular Session.)
Introduced
First Committee Review
First Chamber
Second Committee Review
Second Chamber
Final Decking
Enacted
Version:
Reduces the minimum number of years of credited service qualified Tier 2 Employees' Retirement System members must have to be eligible for vested benefit status for service retirement allowance purposes from ten years to five years. Increases employer contributions to offset the resulting liability.