An Act making appropriations from the State Employees' Retirement Fund and from the SERS Defined Contribution Fund to provide for expenses of the State Employees' Retirement Board for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2026.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill allocates funds from the State Employees' Retirement Fund and the SERS Defined Contribution Fund to the State Employees' Retirement Board. Specifically, it provides $43,176,000 from the State Employees' Retirement Fund and $2,879,000 from the SERS Defined Contribution Fund to cover the board’s expenses for the fiscal year beginning July 1, 2026, and to pay outstanding bills from the previous fiscal year ending June 30, 2026. The funds will be used for salaries, wages, travel expenses, and contractual services related to the State Employees' Retirement Board’s operations.
Key provisions
- Appropriates $43,176,000 from the State Employees' Retirement Fund to the State Employees' Retirement Board.
- Appropriates $2,879,000 from the SERS Defined Contribution Fund to the State Employees' Retirement Board.
- Funds are designated for salaries, wages, and travel expenses of board employees and members.
- Funds are also allocated for contractual services and other necessary expenses.
- The appropriations cover expenses for the fiscal year July 1, 2026, to June 30, 2027.
- Funds are used to pay outstanding bills from the previous fiscal year ending June 30, 2026.
Who is affected
- State Employees' Retirement Board
- State Employees
- SERS (State Employees' Retirement System) Participants
Notable changes
Bill text
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Document of record
- Version
- Pn 1447 Html
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Sponsors
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1 on record
Primary sponsor
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