REGISTRAR OF VOTERS RET: Provides for the funding deposit account for cost-of-living adjustments for the Registrars of Voters Employees' Retirement System. (2/3-CA10s(29)(F)) (gov sig) (EN INCREASE APV)
SB 17 establishes a funding deposit account to cover cost-of-living adjustments (COLAs) for retirees, beneficiaries, and survivors in the Registrars of Voters Employees' Retirement System. It sets specific conditions for COLAs: up to 3% of a retiree's current benefit if the system is at least 70% funded and no COLA was granted in the previous three years, with an additional up to 2% for those aged 65 or older. These adjustments are funded from the system's investment earnings and surplus funds held in the new account, which must be used to cover COLAs when available.
Bill status
signed
all 5 stages cleared
Introduction
Jan 2026
Committee Review
May 2026
Senate Passage
Apr 2026
House Passage
May 2026
Signed into Law
May 2026
Introduced Jan 23, 2026
Signed May 15, 2026
Maddy AI version diff · 4 comparisons
What changed between versions
SB17 Original
→
SB17 Act
·
3 edits
MINOR
This bill updates the funding rules for the Registrars of Voters Employees' Retirement System, allowing the board to grant cost-of-living increases based on specific funding thresholds rather than a single condition. It also expands the board's authority to use surplus funds for paying future employer contributions and establishes a new method for calculating contribution rate reductions.
Scope change
The bill applies to the Registrars of Voters Employees' Retirement System and modifies how the board of trustees manages funds and grants benefit increases.
ELIGIBILITY
Cost-of-living increases are now granted based on tiered funding ratios (90%, 80%, and 70%) with specific waiting periods, replacing the previous requirement that the system be more than 100% funded.
FISCAL
The board is authorized to use surplus funds in the funding deposit account to pay all or a portion of future net direct employer contributions, in addition to reducing future normal costs.
REQUIREMENT
A new formula is introduced to calculate the reduction in the minimum recommended employer contribution rate when funds are charged from the deposit account.
Floor votes · Senate Apr 1, 2026 · House May 12, 2026
How they voted
31–0
Passed · 9 other
Total votes 40
Apr 1, 2026
D
Democratic12
66% Yea
R
Republican28
82% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
20
Key actions
5
Committee
6
Amendments
1
May 12, 2026
Lower · Passed
Read third time by title, roll called on final passage, yeas 97, nays 0. The bill, having received two-thirds vote of the elected members, was finally passed, ordered to the Senate.
lower
May 6, 2026
Introduced
Reported without Legislative Bureau amendments.
lower
May 5, 2026
Lower · Passed
Reported favorably (13-0). Referred to the Legislative Bureau.
lower
Apr 8, 2026
Committee
Read by title, under the rules, referred to the Committee on Retirement.
lower
Apr 1, 2026
Upper · Passed
Senate floor amendments read and adopted. Read by title and passed by a vote of 30 yeas and 0 nays; ordered reengrossed and sent to the House. Motion to reconsider tabled.
upper
Mar 30, 2026
Upper · Passed
Reported favorably.
upper
Mar 11, 2026
Committee
Read by title. Ordered engrossed and recommitted to the Committee on Finance.
upper
Mar 10, 2026
Upper · Passed
Reported favorably.
upper
Mar 9, 2026
Committee
Introduced in the Senate; read by title. Rules suspended. Read second time and referred to the Committee on Retirement.
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Kirk Talbot
RRepublican
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