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Pension Funding Council adopts 2027–2029 contribution rates; most systems see lower rates
Summary
Committee staff Darren Painter reported the Pension Funding Council adopted contribution rates calculated by the state actuary from the 2025 valuation for the 2027–2029 biennium; staff said adopted rates are lower for most systems than the prior biennium.
Darren Painter updated the committee on Pension Funding Council action to adopt contribution rates for the 2027–2029 biennium based on the state actuary’s 2025 valuation. Painter said the PFC met in June and adopted the calculated rates for the next biennium.
"The PFC adopted the calculated rates, by the state actuary from the 2025 valuation," Painter said, noting the adopted rates are lower for most systems compared with the prior biennium. Painter also pointed committee members to the PFC adoption motion and rate documents posted on the PFC website for details.
The update was informational; no committee action was required.
