RETIREMENT/TEACHERS: Creates a task force to study the feasibility of a phased retirement program for public postsecondary education systems

HR 143 creates a task force to study whether a phased retirement program - allowing public college and university employees to gradually reduce work hours before full retirement - is feasible for public postsecondary education systems. The task force will specifically examine factors like employer cost increases (e.g., shifting from 6.2% to 8% employer contributions), administrative fee changes, and using accrued leave to boost retirement benefits. This bill directly affects public postsecondary education employees and their institutions by initiating a formal review of potential retirement policy changes. The task force will analyze these specific provisions to determine if a phased retirement program could be implemented. The bill is currently scheduled for floor debate on May 22, 2025.