An Act relating to supplemental employee benefits; relating to retirement benefits of peace officers and firefighters hired after June 30, 2006; and providing for an effective date.

HB 107 modifies retirement contributions for peace officers and firefighters hired after June 30, 2006, requiring employers to contribute 9.74% of their compensation (compared to 5% for other state employees) to retirement funds. It establishes a supplemental benefits plan where employers contribute 6.13% of wages (up to Social Security limits) to individual annuity accounts, and employees can voluntarily add funds to purchase supplemental coverage for health, death, disability, or dependent care. The plan extends eligibility to teachers and eligible peace officers/firefighters even if their employer isn't a participating employer. These changes take effect on July 1, 2025.