Relating to administration of Public Employees Retirement System member account data.

SB 851 modifies administrative rules for the Public Employees Retirement System, affecting its members and other payment recipients. The bill outlines how the Public Employees Retirement Board can recover overpayments, allowing reductions to future payments, assessing interest in certain cases, and increasing the waiver threshold for small overpayments to $200. It also establishes a six-year limit for initiating overpayment recovery actions. Additionally, the bill creates a formal process for members to dispute their retirement benefit computations within 240 days of receiving a summary, after which employers face stricter limits on modifying member data.