WeVote
Log In

Bill

Bill

H 2927

An Act authorizing certain public employees’ creditable retirement service

194th Legislature (2025-2026) Introduced by Jim O'Day

H 2927 - An Act authorizing certain public employees' creditable retirement service OverviewBill Number: H 2927 Title: An Act authorizing certain public employees' creditable reti

Accompanied a study order, see H5312 (under House Rule 27)
0
WeVote Research Nonpartisan
Bill Summary · H 2927

H 2927 - An Act authorizing certain public employees' creditable retirement service

Overview

Bill Number: H 2927
Title: An Act authorizing certain public employees' creditable retirement service
Status: Hearing scheduled for 09/15/2025 from 01:00 PM-05:00 PM in A-1
Introduced: February 27, 2025

Purpose and Intent

The primary purpose of this bill is to expand the creditable retirement service for certain public employees in the state. The legislation aims to address concerns that some public workers have not received full credit for their years of service, which can impact their retirement benefits.

Key Provisions

  • Allows certain public employees, such as teachers, police officers, and firefighters, to purchase up to 5 years of creditable retirement service
  • Permits employees to make a lump-sum payment or installment payments to their retirement system to cover the actuarial cost of the additional service
  • Requires the retirement system to provide a written notice to eligible employees informing them of this option
  • Specifies that the additional service credit cannot be used to qualify for an earlier retirement date

Affected Parties and Impacts

  • Public employees, particularly teachers, police, and firefighters, would be able to increase their retirement benefits by purchasing additional service credit
  • Retirement systems would need to administer the program and calculate the actuarial costs for employees
  • Taxpayers may be impacted if the increased retirement costs are passed on through higher taxes or reduced public services

Procedural and Timeline Considerations

This bill has been introduced in the state legislature and is currently scheduled for a public hearing on September 15, 2025. If passed, the new provisions would likely take effect at the start of the next fiscal year, allowing eligible public employees to begin purchasing additional service credit.

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.