Retirement Bills Continue to Advance
April 24, 2026
Bills impacting LASERS moved forward this week in the legislative session. Below is a summary of recent action and what we’re closely monitoring.
- HB 23 by Rep. Bacala, which authorizes a 2% cost-of-living adjustment (COLA) to eligible retirees and beneficiaries, remains pending and has not yet been heard in the Senate Finance Committee. (Board position: Support)
🔗Learn about COLA eligibility here.
- HB 8 by Rep. Bacala passed on the Senate Floor. This bill extends legislative staff authorization to attend executive session meetings of any state or statewide retirement system board or committee from one year to four years. (Board position: Neutral)
- HB 27 by Rep. McMakin passed on the House Floor and awaits consideration in Senate Finance. This bill proposes a constitutional amendment that, if approved by voters at the November 3, 2026, election, would remove the requirement that a state retirement system receiving monies apply those monies to its oldest outstanding unfunded accrued liability (UAL). (Board position: Neutral)
- HB 32 by Rep. Egan passed on the Senate Floor. It provides for technical changes in LASERS statutes. (Board position: Support)
- SB 416 by Sen. Price passed in the Senate Finance Committee and later passed on the Senate Floor. The bill provides for the reemployment of retirees to fill critical shortage positions within the Department of Public Safety and Corrections. (Board position: Neutral)
Next Week
- SB 19 by Sen. Price will be heard in House Transportation on Monday, April 27, at 9:30 a.m. This bill changes the name and design of the ‘State Employee Retired’ license plate. (Board position: Neutral)
