PERS Tier 5; reduce creditable service requirement for retirement regardless of age from 35 to 30 years.

Reduced the creditable service requirement for retirement from 35 years to 30 years for members who became part of the Public Employees' Retirement System on or after March 1, 2026, regardless of age.

Changed the retirement age threshold for members joining on or after March 1, 2026 from 62 years to 65 years when retiring with 8 years of service, while maintaining the 30-year service option regardless of age.

Removed the original bill's focus on reviewing and potentially amending multiple sections (25-11-103, 25-11-105, and 25-11-109), replacing it with a direct amendment to Section 25-11-111.

Added an effective date provision stating the act takes effect on March 1, 2026, aligning with the membership cutoff date for the new retirement requirements.