Current Legislation
2026 Legislative Changes
The 2026 legislative session ended on May 18, 2026. Changes to PERA plans are listed below.
Police & Fire Plan Changes
Starting January 1, 2027, the waiting period for Police & Fire Plan members to receive their first full post-retirement annual increase will decrease from 19–30 months to 7–18 months. This waiting period is consistent with the Coordinated and Correctional Plans.
If you are currently in the waiting period of 19–30 months, you will automatically move to the waiting period of 7–18 months on January 1, 2027.
Use the table below to determine your first prorated annual increase. The Police & Fire Plan full annual increase is 1%.
|
Benefit Effective Date |
Schedule |
Fraction of Increase |
Percentage of Increase |
|---|---|---|---|
|
July 1 |
18 months |
12/12 |
100% |
|
August 1 |
17 months |
11/12 |
91.7% |
|
September 1 |
16 months |
10/12 |
83.3% |
|
October 1 |
15 months |
9/12 |
75% |
|
November 1 |
14 months |
8/12 |
66.7% |
|
December 1 |
13 months |
7/12 |
58.3% |
|
January 1 |
12 months |
6/12 |
50% |
|
February 1 |
11 months |
5/12 |
41.7% |
|
March 1 |
10 months |
4/12 |
33.3% |
|
April 1 |
9 months |
3/12 |
25% |
|
May 1 |
8 months |
2/12 |
16.7% |
|
June 1 |
7 months |
1/12 |
8.3% |
The reduced waiting period is funded by $8 million in direct state aid each year until 2042.
Correctional Plan Changes
Annual Increases
Starting January 1, 2027, the post-retirement annual increase maximum will increase from 2.5% to 3%.
Contribution Rates
Starting January 1, 2027,
- Member contributions will decrease from 6.83% to 6%.
- Employer contributions will decrease from 10.25% to 9%.
The new contribution rates maintain the 40/60 split between member and employer contributions.
Rehired Members
Starting January 1, 2027, employers must contribute to PERA if they rehire retired members, Phased Retirement Option (PRO) participants, or members working after full retirement age.
If you are rehired after starting your PERA benefit, you will not contribute to PERA; only your employer will contribute.
If you are rehired but have not yet started your PERA benefit, both you and your employer will contribute to PERA.
2026 Legislative Session
Session begins February 17, 2026.
PERA Initiatives
PERA staff are reviewing legislative ideas and will bring proposals to the PERA Board of Trustees in Fall 2025.
Stakeholder Initiatives
Working Group
2025 legislation established a working group to consider a new retirement plan for public safety-adjacent positions, such as probation officers and 911 telecommunicators. The working group started meeting in June 2025. This working group must complete their recommendation by January 2026. More information can be found on LCPR's Probation Officers and 911 Telecommunicators Pension Plans Work Group page.