Committee narrowly advances 0.25% retirement contribution increase after debate over timing and local impacts
Feb 6, 2025
The Appropriations Committee voted 3–2 to advance Senate File 0187, which would raise both employee and employer contributions to the large public-employee retirement plan by one quarter of one percent for one year. Supporters said the increase helps reduce an approximate $2.5 billion unfunded liability; the governor's office urged reliance on the
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The Appropriations Committee voted to advance Senate File 0187, a measure that would increase both employer and employee contributions to the state's large public-employee retirement plan by 0.25 percentage points for one year. The committee recorded a 3–2 roll-call vote in favor of sending the bill forward.
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