2018 Legislative Update

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2018 Legislative Update

The 2018 Omnibus Retirement Bill will reduce the State’s pension liabilities by $3.4 billion immediately with an additional estimated reduction of $2.7 billion recognized over the next 30 years. This legislation puts PERA retirement plans on a better path toward full funding and safeguards the retirement security of public employees. Click the link below for a summary of legislative changes that may impact your PERA benefit. Your personal benefit information in MY PERA reflects these changes.

Legislative Changes