Retirement; Retirement Reform Act of 2025; effective date.

HB 1553 establishes the Retirement Reform Act of 2025, which serves as a formal title for future retirement legislation rather than creating new rules itself. The bill does not change any existing laws or directly affect any specific groups, as it only sets the legal name for upcoming reforms. It will take effect on November 1, 2025, allowing time for additional retirement-related measures to be developed and enacted under this new framework.