State retired employees-retirement payment increases-2.

HB 165 increases retirement benefits for Wyoming state employees under the Wyoming Retirement System. It raises the calculation rates for normal retirement benefits: before July 1, 2026, for some members it increases from 2% to 2.125% for the first 15 years of service and from 2.25% to 2.5% for additional service years; after that date, the rates will be permanently set at 2.125% and 2.375% respectively. The bill affects state employees who became covered under the retirement system before September 1, 2012, or after August 31, 2012, depending on their hire date. The bill is pending legislative action and would take effect July 1, 2026, if passed.