Committee advances bill to update Teachers' Retirement System for IRS changes
The Retirement Committee reported HB 25 as amended to bring the Teachers' Retirement System plan language into compliance with recent Internal Revenue Code changes, with staff and TRSL director Catherine Whitney describing the bill as technical; an amendment moved the effective date to July 1, 2026.
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Representative Carlson presented House Bill 25 to update the Teachers' Retirement System plan document so it remains compliant with amendments to the Internal Revenue Code. He described the measure as straightforward; Catherine Whitney, director of the Teachers' Retirement System, told the committee the system's tax attorney reviews plan language periodically and that the bill makes needed technical adjustments.
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