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2026 Legislative update

 

The new legislative session has started. Last session we had Bill HF708 and SF1556 introduced and heard by the LCPR (Pension Commission).

The Bill was laid over. PERA objected because another seat would have made the PERA Board an even numbered Board.

Representative Peggy Scott will be introducing an Amendment to make one of the existing 3 elected PERA Board seats to be filled by a PERA Correctional Officer. This would seem to overcome the objections.

If passed this would finally give a PERA Correctional Plan member a dedicated seat on the Board.

Secondly PERA is recommending and writing legislation to raise the COLA Cap on our Correctional Plan from 2.5 to 3%.

This Bill would also lower the Employee contributions from 6.83% to 6% and the Employer contribution from 10.25 t0 9%.

This will benefit the Retirees, current contributing members and the Employer. A win all around!

 

Watch our website and blogs for news and updates!

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