Bill
HB 3136
Overview: HB 3136, Change required service from 25 to 20 years for eligibility for minimum 1k retirement annuity, was introduced to the House Finance committee on February 21, 2025
Overview: HB 3136, Change required service from 25 to 20 years for eligibility for minimum 1k retirement annuity, was introduced to the House Finance committee on February 21, 2025.
Purpose and Intent: The bill aims to reduce the required years of service for public employees to be eligible for a minimum $1,000 monthly retirement annuity. The goal is to provide earlier access to retirement benefits and improve the financial security of long-serving public sector workers.
Key Provisions:
- Reduces the required years of service for the minimum $1,000 monthly retirement annuity from 25 to 20 years
- Applies the change to all eligible public employees, including teachers, law enforcement, and other government workers
Affected Parties and Impacts: Public sector employees who have served for at least 20 years would be able to access the minimum $1,000 monthly retirement annuity earlier than under the current 25-year requirement. This change is expected to benefit long-serving public workers and improve their financial stability in retirement.
Procedural and Timeline Considerations: The bill is currently under review by the House Finance committee. If passed, the changes would take effect for all eligible public employees beginning the next fiscal year.
Compiled from official sources — confirm details with the bill’s official record.
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