SPB 7028: Retirement
PROPOSED BILL by Governmental Oversight and Accountability
Retirement; Authorizing an elected officer, except while serving as a legislator, to remain in elective office and receive accumulated Deferred Retirement Option Program (DROP) proceeds after the officer attains a certain age; requiring the Division of Retirement or the State Board of Administration, as appropriate, to take steps to recoup from the elected officer any DROP proceeds distributed in accordance with a specified provision, under specified circumstances; revising the cost-of-living adjustment for eligible Special Risk Class retirees, etc.
Effective Date: 7/1/2026
Last Action: 1/15/2026 Senate - On Committee agenda-- Governmental Oversight and Accountability, 01/20/26, 3:30 pm, 110 Senate Building
Bill Text: Web Page | PDF
Last Action: 1/15/2026 Senate - On Committee agenda-- Governmental Oversight and Accountability, 01/20/26, 3:30 pm, 110 Senate Building
Bill Text: Web Page | PDF
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Bill History
Date Chamber Action 1/15/2026 Senate • Submitted for consideration by Governmental Oversight and Accountability
• On Committee agenda-- Governmental Oversight and Accountability, 01/20/26, 3:30 pm, 110 Senate Building
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SPB 7028, Proposed Bill (Current Bill Version) Posted 1/15/2026 at 1:56 PM
Bill Text: Web Page | PDF Analyses: Governmental Oversight and Accountability (Pre-Meeting) 1/16/2026 (pdf)