AN ACT RELATING TO PUBLIC OFFICERS AND EMPLOYEES -- RETIREMENT SYSTEM -- CONTRIBUTIONS AND BENEFITS

HB 5764 amends the General Laws concerning the state retirement system's contributions and benefits. It requires a reamortization of the state pension fund, specifically impacting the determination of the employer contribution rate. This means the payment schedule for the state's pension obligations will be recalculated starting with fiscal year 2026. The bill directly affects the state's financial management of its public officers and employees' retirement system.