AN ACT LIMITING STATE EMPLOYEE ANNUAL PENSION BENEFITS.

HB 5830 caps annual pension benefits for state employees at $150,000 per year, effective immediately for new benefits and starting in 2027 for cost-of-living adjustments. The bill directly affects current and future state employees who receive pension benefits by setting a maximum annual payout. Key provisions include prohibiting pension payments exceeding $150,000 annually and allowing annual cost-of-living adjustments beginning in 2027. This policy change modifies pension benefit calculations under existing state law without retroactive effect.