Bill > SF0187

This bill modifies the public employee retirement system by increasing both employer and employee contribution rates. Specifically, for members (excluding firefighters), the employee contribution rate will increase from 9.25% to 9.50% of salary starting July 1, 2025, while the employer contribution rate will increase from 9.37% to 9.62% for the same period. Firefighter members and their employers will maintain their current contribution rates of 7% and 7.12% respectively. The bill includes appropriations totaling approximately $5.15 million to cover the increased employer contribution costs across various state agencies, including the legislative, judicial, and executive branches, the University of Wyoming, community colleges, and school districts. These funds are specifically designated for fiscal year 2026 and cannot be used for increased employee contributions. The appropriations are intended to be included in each state agency's future budget requests. The bill emphasizes that the new contribution rates and appropriations will take effect on July 1, 2025, and provides mechanisms for transferring and managing these funds through the state auditor and retirement system.

Budget and Finance, Health and Social Services

https://www.wyoleg.gov/Legislation/2025/SF0187