Bill
SB 1891
Overview: SB 1891, "HIGHER ED-DEFINED CONTRIBUTION", was introduced in the legislature on March 4, 2025 and has been referred to the Assignments committee.Purpose and Intent: The b
Overview: SB 1891, "HIGHER ED-DEFINED CONTRIBUTION", was introduced in the legislature on March 4, 2025 and has been referred to the Assignments committee.
Purpose and Intent: The bill seeks to address the retirement plan options available to employees of the state's public higher education system.
Key Provisions:
- Allows public university/college employees to participate in a defined contribution retirement plan
- Requires the state to establish and administer this new defined contribution plan
- Provides for the transfer of existing retirement account balances into the new plan
Affected Parties and Impacts: The bill would impact current and future employees of public universities and colleges in the state, giving them the option to enroll in a defined contribution retirement plan rather than the existing defined benefit plan.
Procedural and Timeline Considerations: The bill has been referred to the Assignments committee for further review and consideration. Its current status indicates it is still progressing through the legislative process.
Compiled from official sources — confirm details with the bill’s official record.
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