Bill > SB1166

This bill appropriates funds for the State Employees' Retirement Board's expenses for the fiscal year July 1, 2026, to June 30, 2027, and to cover any unpaid bills from the previous fiscal year ending June 30, 2026. Specifically, it allocates $43,176,000 from the State Employees' Retirement Fund to cover salaries, wages, travel, contractual services, and other operational costs for the board's general duties. Additionally, it appropriates $2,879,000 from the SERS Defined Contribution Fund, which is a retirement savings plan for state employees, to cover expenses related to the administration of this specific plan, including salaries, wages, travel, and other necessary operational costs. The bill also specifies that it will take effect on July 1, 2026, or immediately if that date has already passed.

Budget and Finance

https://www.palegis.us/legislation/bills/2025/sb1166