HB0165

Increases retirement benefits for Wyoming state employees and retirees.

The bill amends the Wyoming retirement system to increase normal retirement benefits for state employees. For members covered after June 30, 1981 and before September 1, 2012, the benefit increases from 2 1/8% to 2 1/4% for the first 15 years of service and from 2 1/4% to 2 3/8% for years exceeding 15. For members covered after August 31, 2012, the benefit increases from 2% to 2 1/8%. The changes apply to all members retiring after July 1, 2026. The Wyoming retirement system must implement these changes.