Relates to retirement benefits for certain employees
What changed between versions
Fiscal note updated to reflect 2026 legislative session with new fiscal year 2027 cost projections instead of 2026 projections.
Annual contribution increase estimate changed from $2.2 million to $1.7 million, with cost percentage adjusted from 2.6% to 1.7% of salary.
One-time past service cost estimate increased from $19.4 million to $22.7 million, with payment date moved from March 1, 2026 to March 1, 2027.
Affected member count updated from 697 to 717, with annual salary estimate increased from $68 million to $76 million.
Bill title changed from 'S 7755' to 'S 7755--A' to indicate amended version, and committee status updated to show bill was discharged, amended, and recommitted.
Fiscal note date changed from May 5, 2025 to January 12, 2026, and fiscal note number updated from 2025-145 to 2026-23.