This amendment deletes two prior amendments and adds a new Section 328 providing a one-time retirement payment of 1% of annual benefits to eligible pension recipients on July 1, 2026, funded by an $8,031,763 general fund appropriation to the Wyoming Retirement System.
- Deletes the Lien third reading amendment (HB0001H3084) and the Sherwood third reading amendment (HB0001H3101/A) in their entirety. (Page 1, lines 1-4)
- Updates the bill's purpose clause to include 'providing a one-time retirement payment'. (Page 1, lines 6-7)
- Adds new Section 328 establishing a one-time retirement payment program. On July 1, 2026, eligible persons receiving service pensions, survivor's pensions, retirement benefits, survivor benefits, death benefits, or disability pensions under any retirement plan administered by the Wyoming Retirement Board receive an additional payment equal to 1% of their existing annual benefit. Eligibility is limited to those who began receiving benefits before July 1, 2024. The payment is one-time only and does not affect future benefits. (Page 141, after line 19; Pages 141-142, lines 11-25)Agency: Wyoming Retirement System · $8,031,763 General Fund
- Appropriates funds to the Wyoming Retirement System to be allocated proportionally among retirement plans. If insufficient funds exist, the System shall reduce payments proportionately. The appropriation may not be transferred or expended for other purposes, and unexpended funds revert on June 30, 2028. It is legislative intent that this not be included in the board's standard budget for the next fiscal biennium. (Pages 141-142, lines 31-9)Agency: Wyoming Retirement System · $8,031,763 General Fund
- Provides that any amount needed to make payments beyond the appropriation shall come from within applicable retirement plans only to the extent necessary and only for persons receiving benefits from that plan. (Pages 142, lines 11-17)
- Defines 'retirement plan' to include all plans administered by the Wyoming Retirement Board, including the volunteer firefighter, EMT and search and rescue pension plan, but excludes the paid firemen plan A. (Pages 142, lines 19-25)
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