Amendment 2025-1566h to HB2 (2025)

Relative to state fees, funds, revenues, and expenditures.


Revision: April 9, 2025, 12:33 p.m.

Rep. S. Pearson, Rock. 13

Rep. D. Mannion, Rock. 25

Rep. Bryer, Rock. 1

April 9, 2025

2025-1566h

06/11

 

 

Floor Amendment to HB 2-FN-A-LOCAL

 

Amend the bill by deleting sections 267-274, relative to establishing a group III retirement plan.

 

AMENDED ANALYSIS

 

Delete:

 

120.  Establishes a group III, defined contribution state retirement plan for new state employee members of the retirement system, who begin service on or after January 1, 2026.  All new employees of state employers on and after January 1, 2026 will be required to join the group III defined contribution plan as administered by the retirement system, and any other group I employees may join.