summary
Introduced
12/08/2025
12/08/2025
In Committee
02/12/2026
02/12/2026
Crossed Over
01/29/2026
01/29/2026
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
State employee retirement benefits. Requires the state to make contributions after December 31, 2026, that match, dollar for dollar, each state employee's deferred compensation contributions, not to exceed $28 per paycheck. Specifies limitations on state contributions, including the availability of biennial appropriations. Allows in certain circumstances the budget agency to suspend contributions, resume contributions, and make contributions that were missed due to suspension. Specifies a process by which portions of the funding sources for the retirement medical benefits account must be transferred to the state comptroller for the purpose of making matching contributions. Provides as a default rule that after December 31, 2026, each participant's membership in the retirement medical benefits account is terminated, participant subaccounts are forfeited, and subaccount amounts must be transferred to the state general fund. Specifies exceptions. Requires the state comptroller to transfer certain amounts from the state general fund to each participant's defined contribution plan. Specifies a time frame within which a participant in the retirement medical benefits account may elect to remain a participant. Establishes the 2027 retiree health benefit trust. Provides that the retiree health benefit trust fund will be terminated when certain conditions are met. (The introduced version of this bill was prepared by the interim study committee on pension management oversight.)
AI Summary
This bill mandates that starting January 1, 2027, the state will match, dollar for dollar, each state employee's contributions to their deferred compensation plan, up to a maximum of $28 per paycheck, provided that biennial appropriations are available. The budget agency, in consultation with the state comptroller, can suspend these matching contributions in extraordinary financial circumstances and later resume them, including making up for missed payments if funds allow. The bill also outlines a process for transferring funds from the retirement medical benefits account to the state comptroller for these matching contributions. As a default, after December 31, 2026, state employees will have their membership in the retirement medical benefits account terminated, their subaccounts forfeited, and the funds transferred to the state general fund, with specific exceptions allowing individuals to elect to remain participants. Additionally, the state comptroller will transfer certain amounts from the state general fund to each participant's defined contribution plan, and a new trust fund, the 2027 retiree health benefit trust, will be established to manage retiree health benefits.
Committee Categories
Budget and Finance, Labor and Employment
Sponsors (10)
Brian Buchanan (R)*,
David Niezgodski (D)*,
Linda Rogers (R)*,
Blake Doriot (R),
Andrea Hunley (D),
Jack Jordan (R),
Daniel Lopez (R),
Chuck Moseley (D),
Lonnie Randolph (D),
Heath VanNatter (R),
Last Action
Representatives VanNatter, Moseley added as cosponsors (on 02/12/2026)
Official Document
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bill summary
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