BILL · 2023–24 SESSION

SB 5350: PERS/TRS 1 benefit increase

Providing a benefit increase to certain retirees of the public employees' retirement system plan 1 and the teachers' retirement system plan 1.

Summary

  • Provides a one-time, 3 percent increase to the retirement benefits of retirees in the Public Employees' Retirement System and the Teachers' Retirement System Plan 1, up to $110 per month.
  • Directs the Select Committee on Pension Policy to study and recommend an ongoing cost-of-living adjustment during the 2023-25 fiscal biennium.

From the House Bill Report (SB 5350), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 397, Laws of 2023
  1. IntroducedJan 12, 2023
  2. Out of committeeFeb 21, 2023
  3. Passed SenateFeb 27, 2023
  4. Passed HouseApr 12, 2023
  5. GovernorMay 9, 2023
  6. LawMay 9, 2023
Prime sponsor
Steve Conway (D-29)
Introduced
January 12, 2023 in the Senate
Last action
May 9, 2023
Session law
Chapter 397, Laws of 2023
Requested by
Other
Companion bill
HB 1057
Budget
Has a fiscal note

AN ACT Relating to providing a benefit increase to certain retirees of the public employees' retirement system plan 1 and the teachers' retirement system plan 1;

Sponsors

Votes

Senate · 3rd Reading & Final Passage

Passed February 27, 2023
Version voted on: SB 5350
48 Yea 0 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat28001
Republican20000
How each member voted

House · Final Passage as Amended by the House

Passed April 12, 2023
Version voted on: SB 5350
97 Yea 0 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat57001
Republican40000
How each member voted

Yea (97)

Excused (1)

House · Final Passage

Passed April 19, 2023
Version voted on: SB 5350
98 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat58000
Republican40000
How each member voted

Yea (98)

History

  1. Effective date 7/1/2023.
  2. Chapter 397, 2023 Laws.
  3. Governor signed.
  4. Delivered to Governor.
  5. Speaker signed.
  6. President signed.
  7. Third reading, passed; yeas, 98; nays, 0; absent, 0; excused, 0.
  8. House receded from amendments.
  9. Senate refuses to concur in House amendments. Asks House to recede from amendments.
  10. Third reading, passed; yeas, 97; nays, 0; absent, 0; excused, 1.
  11. Rules suspended. Placed on Third Reading.
  12. Committee amendment(s) adopted with no other amendments.
  13. Rules Committee relieved of further consideration. Placed on second reading.
  14. Referred to Rules 2 Review.
  15. APP - Executive action taken by committee.
  16. APP - Majority; do pass with amendment(s).
  17. First reading, referred to Appropriations.
  18. Third reading, passed; yeas, 48; nays, 0; absent, 0; excused, 1.
  19. Rules suspended. Placed on Third Reading.
  20. Placed on second reading by Rules Committee.
  21. Passed to Rules Committee for second reading.
  22. Minority; without recommendation.
  23. WM - Majority; do pass.
  24. First reading, referred to Ways & Means.

SB 5350 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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