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WY HB0112

WY HB0112
Wyoming retirement plans-adjustments.


summary

Introduced
02/11/2020
In Committee
02/24/2020
Crossed Over
02/27/2020
Passed
Dead
03/12/2020

Introduced Session

2020 Regular Session

Bill Summary

AN ACT relating to retirement benefits administered by the Wyoming retirement system; providing for two single, additional, noncumulative benefit payments under the Wyoming Retirement Act, the Wyoming State Highway Patrol, Game and Fish Warden and Criminal Investigator Retirement Act and the Firemen's Pension Account Reform Act of 1981; providing an appropriation; specifying legislative intent and making legislative findings; requiring a study, reports and certifications as specified; and providing for an effective date.

AI Summary

This bill provides for two single, additional, non-cumulative benefit payments to eligible individuals receiving retirement benefits under the Wyoming Retirement Act, the Wyoming State Highway Patrol, Game and Fish Warden and Criminal Investigator Retirement Act, and the Firemen's Pension Account Reform Act of 1981. The bill also requires the Wyoming Retirement System Board to review the findings underlying a 2012 law that restricted cost-of-living adjustments and other benefit increases, and report to the legislature on the effects of inflation, social security eligibility, and plan funding ratios, with recommendations on potential benefit adjustments. The bill appropriates general funds to cover the cost of the initial additional benefit payments.

Committee Categories

Budget and Finance

Sponsors (13)

Last Action

Did Not Consider for Introduction (on 03/09/2020)

bill text


bill summary

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bill summary

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bill summary

Document Type Source Location Created
State Bill Page https://www.wyoleg.gov/Legislation/2020/HB0112 02/07/2020
BillText https://www.wyoleg.gov/2020/Engross/HB0112.pdf 02/28/2020
BillText https://www.wyoleg.gov/2020/Introduced/HB0112.pdf 02/07/2020
Fiscal Note https://www.wyoleg.gov/2020/Fiscal/HB0112.pdf 02/07/2020
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