SB 3096: ERS; UNFUNDED ACCRUED LIABILITY; EMPLOYER CONTRIBUTION RATES; INCREASE

Session Year: 2025-2026
House: Senate
Latest Version Date: 2026-04-30

Current Status:

In Progress

(2026-05-01: Forty-eight (48) hours notice Wednesday, 05-06-26.)

Introduced

In Committee

First Chamber

In Committee

Second Chamber

Final Decking

Enacted

Version:

Increases employer contribution rate for normal cost and accrued liability for police officers, firefighters, and corrections officers to ensure that the amortization period for the unfunded accrued liability of the State's Employees' Retirement System does not exceed the maximum funding period. Takes effect 7/1//2027. (CD1)

Discussed in Hearing