All Roll Calls
Yes: 408 • No: 84
Sponsored By: Mark Reinschmidt (Republican)
Became Law
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7 provisions identified: 5 benefits, 1 costs, 1 mixed.
From July 1, 2023 to June 30, 2024, Sheriffs’ Retirement System employers pay 9.535% of covered pay. Starting July 1, 2024, employer rates are set by actuarial valuations, with legacy debt paid over a closed 25-year period beginning July 1, 2023, layered 10-year schedules for new debt, and a 0.5% cap on annual increases. Employers also pay an extra 3.58% of pay beginning July 1, 2023. The board reviews the extra payments each year and they can end after an actuarial report shows the amortization period stays under 25 years even after ending the extra payments and reducing member contributions.
From July 1, 2023 to June 30, 2024, employers in the Game Wardens’ and Peace Officers’ Retirement System pay 10.56% of covered pay. The Department of Fish, Wildlife, and Parks includes the state share in its budget. Starting July 1, 2024, employer rates are set by actuarial valuations, with legacy debt paid over a closed 25-year period beginning July 1, 2023, layered 10-year schedules for new debt, and a 0.5% cap on annual increases.
Beginning July 1, 2023, the state pays the employer share for the Judges’ Retirement System. Each rate takes effect on July 1 after the annual actuarial valuation. The rate covers normal cost minus employee contributions and pays down pension debt on layered 10-year schedules starting with the fiscal year ending June 30, 2024. Starting July 1, 2024, the state also pays the chief water court judge’s employer share each month from the natural resources operations special revenue account.
The retirement board must hire a qualified actuary who is an enrolled member of the American Academy of Actuaries. The board must get annual pension valuations for each defined benefit plan and regular investigations. The board must share these reports with state committees and the legislature.
From July 1, 2023 to June 30, 2024, the state pays 38.33% of each covered Highway Patrol officer’s pay for pensions (28.15% from regular sources and 10.18% from the general fund). Starting July 1, 2024, employer rates are set by actuarial valuations, with legacy debt paid over a closed 25-year period beginning July 1, 2023, layered 10-year schedules for new debt, and a 0.5% cap on annual increases. Each year by August 15, the state transfers $500,000 to the pension trust until the plan is 100% funded. For the fiscal year starting July 1, 2025, the state also provides $4.01 million and $713,013 to cover the Highway Patrol employer contribution.
If required Sheriffs’ Retirement System employer costs are higher than a county’s available revenue, the county may add a property tax mill levy to fund the gap. Voter approval is not required under 15-10-420(1), but the county must give notice and hold a public hearing before starting the levy. If the levy later drops or ends, that revenue cannot be merged with revenue under 15-10-420(1)(a).
Most of the law takes effect July 1, 2025. Sections 6 through 9 and section 12 take effect on passage and approval. Employer contribution changes for Highway Patrol, Sheriffs, and Game Wardens’ systems apply retroactively to on or after July 1, 2023.
Mark Reinschmidt
Republican • House
There are no cosponsors for this bill.
All Roll Calls
Yes: 408 • No: 84
House vote • 4/22/2025
Do Concur
Yes: 83 • No: 15
House vote • 4/18/2025
Do Concur
Yes: 95 • No: 2
House vote • 4/15/2025
Do Concur
Yes: 29 • No: 20
House vote • 4/10/2025
Do Concur
Yes: 27 • No: 22
House vote • 1/31/2025
Do Pass
Yes: 93 • No: 6
House vote • 1/22/2025
Do Pass
Yes: 81 • No: 19
Chapter Number Assigned
Signed by Governor
Transmitted to Governor
Signed by President
Signed by Speaker
Returned from Enrolling
Sent to Enrolling
3rd Reading Passed as Amended by Senate
2nd Reading Senate Amendments Concurred
Returned to House with Amendments
3rd Reading Concurred
Committee Report--Bill Concurred
Committee Executive Action--Bill Concurred
Hearing
Hearing
Revised Fiscal Note Printed
Rereferred to Committee
2nd Reading Concurred
Revised Fiscal Note Signed
Revised Fiscal Note Received
Revised Fiscal Note Requested
Committee Report--Bill Concurred as Amended
Committee Executive Action--Bill Concurred as Amended
Hearing
Referred to Committee
Enrolled
4/22/2025
As Amended (Version 3)
4/5/2025
As Amended (Version 2)
1/17/2025
Introduced
12/16/2024