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A 9267

Directs the office of the state comptroller to conduct a study on establishing a universal pension system

2025 Regular Session Introduced by Phil Steck

The bill directs the state comptroller to study the feasibility, design, and implications of a universal pension system.

REFERRED TO GOVERNMENTAL OPERATIONS
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Bill Summary · A 9267

Summary: Assembly Bill A 9267 — Universal Pension Study

Overview

Assembly Bill A 9267 would require the Office of the State Comptroller (OSC) to conduct a study on establishing a universal pension system. The bill has been introduced and is currently referred to the Committee on Governmental Operations. No further actions are listed beyond the referral date of November 21, 2025.

Purpose and Intent

  • The primary objective is to explore the feasibility, design, and potential implications of implementing a universal pension system.
  • The measure signals legislative interest in evaluating whether a universal approach to pension benefits for covered workers could be viable, including how it might be structured, funded, and governed.

Key Provisions (as Provided)

  • Directive to agency: The bill directs the OSC to conduct a study on establishing a universal pension system.
  • Scope and specifics: The text provided does not enumerate detailed requirements, timelines, funding, or implementation steps within the bill itself.
  • Legislative status: Referred to the Committee on Governmental Operations as of November 21, 2025.

Note: Because the bill’s text is limited to directing a study, it does not, by itself, create a universal pension program or authorize funding for implementation. The substantive study topics, scope, and reporting expectations would be determined through the OSC’s work and any subsequent legislative action.

Potential Impact and Affected Parties

  • Public sector employees and retirees: Any eventual design could influence eligibility, benefit structure, and retirement security if a universal pension were adopted.
  • Taxpayers and public finances: A universal system would have fiscal implications, including funding mechanisms, revenue sources, and long-term liabilities.
  • State and local governments: Entities that administer or participate in pension arrangements could be affected depending on study outcomes and proposed implementation timelines.
  • Pension policy community: Researchers, policymakers, and labor groups would likely review study findings to assess feasibility and alternatives.

Procedural and Timeline Considerations

  • Current status: Introduced on November 21, 2025; referred to Government Operations.
  • Next steps (possible): The committee could hold hearings, request amendments, or advance the bill for floor consideration. Depending on the committee’s findings, a version with more detail or a different approach may be developed.
  • Timeline: No specific deadlines or dates are provided for completing the study or reporting.

Notes for Readers

  • At this stage, A 9267 is a probing measure rather than a bill that creates or funds a universal pension. The study outcome would drive any future legislative action toward design, funding, and implementation considerations.

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

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