RELATING TO THE EMPLOYEES' RETIREMENT SYSTEM'S EMPLOYER CONTRIBUTIONS FOR NORMAL COST AND ACCRUED LIABILITY.
About This Bill
Latest Action · Jun 24, 2026
Act 134, 06/24/2026 (Gov. Msg. No. 1235).
Session
2026
Introduced
Jan 26, 2026
Primary Sponsor
KOUCHI· primary
Summary
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Increases employer contribution rate for normal cost and accrued liability for police officers, firefighters, and corrections officers to ensure that the amortization period for the unfunded accrued liability of the State's Employees' Retirement System does not exceed the maximum funding period. Takes effect 7/1//2027. (CD1)