summary
Introduced
In Committee
Crossed Over
Passed
Dead
02/16/2022
02/16/2022
Introduced Session
2022 General Session
Bill Summary
AN ACT relating to retirement benefits administered by the Wyoming retirement system; providing for two, single 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; and providing for an effective date.
AI Summary
This bill aims to provide two one-time, non-cumulative benefit payments to eligible retirees and survivors under certain Wyoming public employee retirement plans administered by the Wyoming Retirement Board and the Volunteer Firefighter, EMT, and Search and Rescue Pension Board. The bill also requires the Wyoming Retirement Board to review the findings underlying a 2012 law that placed restrictions on cost-of-living and other benefit adjustments, and to report on the effects of inflation, social security eligibility, and funding ratios for each retirement plan. The report will include recommendations for potential modifications to the law to provide conditions under which future benefit adjustments may be authorized. The bill appropriates $12.6 million from the Legislative Stabilization Reserve Account to fund the two benefit payments.
Sponsors (6)
Eric Barlow (R)*,
Steve Harshman (R)*,
Bill Henderson (R)*,
Jared Olsen (R)*,
Stephan Pappas (R)*,
Patrick Sweeney (R)*,
Last Action
Failed Introduction 25-32-2-0-1 (on 02/16/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.wyoleg.gov/Legislation/2022/HB0111 |
| BillText | https://www.wyoleg.gov/2022/Introduced/HB0111.pdf |
| Fiscal Note | https://www.wyoleg.gov/2022/Fiscal/HB0111.pdf |
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