All Roll Calls
Yes: 163 • No: 0
Sponsored By: Beau Ballard
Signed by Governor
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4 provisions identified: 1 benefits, 0 costs, 3 mixed.
Starting July 1, 2027, many State Patrol survivors get 100% of the officer’s annuity, up from 75%. For officers who joined on or after July 1, 2016, final average pay uses the highest five years and excludes certain cash‑outs and pay spikes over 8%. A beneficiary (not an estate) may roll a qualifying lump‑sum death benefit directly to an eligible retirement plan. If a member dies while on qualified military service on or after January 1, 2007, the beneficiary is entitled to any added death benefit tied to that service.
The law creates a Service Annuity Fund for Class V school employees. Each year by July 1, the state pays what actuaries say is needed to cover normal costs and any unfunded service‑annuity liability. For years before July 1, 2025, the state also sends each Class V district an annual amount set in law. Beginning July 1, 2025, districts receive 2% of total member pay plus another statutory amount each year. When a pre‑July 1, 2016 hire retires, the board moves the annuity’s accrued liability to the district’s system instead of paying it directly. The act repeals and replaces older statute sections to align with these changes.
Through June 30, 2025, employees pay 9.78% of pay. Starting July 1, 2025, your deposit depends on the fund’s health: 9.75%, 8.75%, 8.00%, or 7.25%. Employers must deposit 101% of required employee contributions at the same time. Employers pick up member contributions under tax rules, so these amounts are treated as employer contributions and not taxed until paid out.
From July 1, 2014 through June 30, 2025, the state deposits 2% of total member pay into the School Retirement Fund each year. Beginning July 1, 2025, the yearly state payment depends on the funded ratio: 2% if under 96%, 0.7% if 96% to under 100%, and $0 at 100% or more. The retirement board certifies the amount each July 1 and the State Treasurer transfers the money.
Beau Ballard
legislature
There are no cosponsors for this bill.
All Roll Calls
Yes: 163 • No: 0
legislature vote • 4/24/2026
Vote
Yes: 38 • No: 0 • Other: 11
legislature vote • 4/30/2025
Final Reading
Yes: 47 • No: 0 • Other: 2
legislature vote • 4/28/2025
Vote
Yes: 38 • No: 0 • Other: 11
legislature vote • 4/24/2025
Vote
Yes: 40 • No: 0 • Other: 9
Approved by Governor on May 6, 2025
Passed on Final Reading with Emergency Clause 47-0-2
President/Speaker signed
Presented to Governor on April 30, 2025
Placed on Select File
Ballard AM1197 filed
Ballard AM1197 adopted
Advanced to Enrollment and Review for Engrossment
Placed on Final Reading
Advanced to Enrollment and Review Initial
Date of introduction
Placed on General File
Introduced
5/6/2025
Enrolled / Slip Law
Final / Enacted