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PERS board gives initial adoption to Tier 5 regulations; final vote set for October
Summary
The Public Employees' Retirement System (PERS) committee approved the initial adoption of a package of regulatory amendments to implement Tier 5 retirement provisions, with final adoption scheduled for October and most provisions effective March 1, 2026.
The PERS administrative committee approved the initial adoption of a broad set of regulatory changes meant to implement Tier 5 provisions in the retirement system, with staff saying the board will consider final adoption in October and that most Tier 5 rules take effect March 1, 2026.
The measures cover multiple chapters of the regulations, including reporting of monthly contributions, definitions of normal retirement age and service-credit rules, the treatment of unused leave, eligibility for certain supplemental credits and the mechanics for public safety officer premium handling. "If you all approve today, this will be the initial adoption of the regulations. We'll come back in October for the final adoption," said a…
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