Providing additional plan choice to members of the teachers' retirement system plans 2 and 3, the school employees' retirement system plans 2 and 3, and the public employees' retirement systems plans 2 and 3.

HB 1642 allows specific retirement system members who were never given a choice between two plan options to transfer to plan 2. It applies to teachers who joined Teachers' Retirement System plans 2/3 between 1996-2007, school employees who joined School Employees' Retirement System plans 2/3 between 2000-2007, and public employees starting after 2025 (effective January 2026). Members must make an irrevocable January transfer choice for future service, but retirees cannot transfer. The legislature reserves the right to modify this provision.