summary
Introduced
02/12/2024
02/12/2024
In Committee
02/27/2024
02/27/2024
Crossed Over
02/15/2024
02/15/2024
Passed
03/01/2024
03/01/2024
Dead
Vetoed
03/22/2024
03/22/2024
Introduced Session
2024 Budget Session
Bill Summary
AN ACT relating to public employee retirement; increasing the employer and employee contributions for the public employee retirement plan; specifying how increased employee contributions shall be paid; removing obsolete language; providing appropriations; and providing for an effective date.
AI Summary
This bill amends the law to increase the employer and employee contribution rates for the public employee retirement plan. Specifically, it increases the employee contribution rate from 9.25% of their salary to 9.75% starting July 1, 2024 and thereafter. It also increases the employer contribution rate from 9.37% to 9.87% of the employee's salary during the same period. The bill appropriates funds to cover the increased employer contribution rates for state agencies, community colleges, the University of Wyoming, and school districts for the 2025-2026 fiscal biennium. The bill prohibits using the appropriated funds to cover the increased employee contributions.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Appropriations (Joint)
Last Action
Governor Vetoed SEA No. 0068 (on 03/22/2024)
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/2024/SF0067 |
| BillText | https://www.wyoleg.gov/2024/Enroll/SF0067.pdf |
| Conference Committee | https://wyoleg.gov/2024/Amends/SF0067JC001.pdf |
| House Appropriations Committee | https://wyoleg.gov/2024/Amends/SF0067HS001.pdf |
| BillText | https://www.wyoleg.gov/2024/Introduced/SF0067.pdf |
| Fiscal Note | https://www.wyoleg.gov/2024/Fiscal/SF0067.pdf |
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