HB0001H3105

This amendment deletes two prior third-reading amendments and adds a new Section 328 establishing a 3% cost-of-living adjustment for retirement benefits, along with modifications to severance tax distribution formulas.

• Deletes the Brown, L third reading amendments HB0001H3103/A and HB0001H3104/A entirely. (Page 1, lines 1-4)
• Adds language to the bill description stating the bill provides a cost of living adjustment for retirement benefits. (Page 1, lines 6-7)
• Creates Section 328 establishing a 3% increase to annual retirement benefits effective July 1, 2026 for eligible persons receiving benefits under Wyoming retirement plans, limited to those who began receiving benefits prior to July 1, 2024. (Page 141, lines 9-27 and Page 142, lines 1-7)Agency: Wyoming Retirement System · $248,403,046.00 General Fund
• Defines 'retirement plan' for purposes of the cost-of-living adjustment to include all plans administered by the Wyoming retirement board except the paid firemen plan A. (Page 142, lines 2-7)
• Amends W.S. 39-14-801(b)(v) to change the distribution formula for severance tax funds by redirecting fiscal year 2027 and 2028 deposits that previously went to the permanent Wyoming mineral trust fund and common school account to instead go to the general fund. (Page 142, lines 9-26)

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