SB 14: Pension matters.
SB 14 status: Introduced — Public Law 104 (updated Mar 5, 2026).
What this bill does
Overall score
Bill summary
OfficialModifies the definition of "average of the annual compensation" for a member of the public employees' retirement fund (PERF) who retires after December 31, 2027. Specifies that compensation received in contemplation of retirement is excluded from the average of the annual compensation for particular members of PERF and...
Key analysis
Impact analysis
Environment
Benefits
- No direct impact on environmental policy identified.
Risks
- No direct impact on environmental policy identified.
Economy
Benefits
- Increases administrative efficiency by consolidating fund accounts.
- Implements state-matched deferred compensation incentives for employees.
Risks
- Complexity in transitioning existing retiree medical subaccounts.
- Shifting funds to general accounts may impact long-term budget predictability.
Society
Benefits
- Increases lump sum death benefits for 1977 fund members.
- Standardizes pension contribution and credit purchase processes.
Risks
- Terminating specific retirement medical benefit subaccounts may disrupt individual health planning.
- Irrevocable election changes may lock participants into less favorable plans.
How trustworthy & consequential it is
Source
OpenStates
Confidence
lowlow
Analysis status
OpenStates summary
LegiScan returned a PDF-only document. PDF extraction is not enabled in this build, so the pipeline used a safer fallback.
Analysis based on abstract summary; full statutory language was not reviewed.
Where it stands
Introduced
CurrentPublic Law 104
Committee
UpcomingFloor
UpcomingGovernor
UpcomingEnacted
UpcomingHow it affects your district
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