An Act relative to funding contributions under state/teachers' and local pension systems

This bill requires automatic funding transfers to state and local pension systems when their outstanding pension debt is fully paid. Specifically, if a pension system has no remaining debt in a fiscal year, the state must transfer money equal to that year's expected future pension costs into the pension fund. This ensures consistent funding for future retiree benefits without requiring new legislative appropriations each year. The policy takes effect July 1, 2025.