Employers of one group of members in the public safety defined contribution retirement plan (the bill's title refers to correctional officers) may now pay a one-time-per-interval bonus of up to $5,000 into a member's retirement account at set years of service, if they first adopt a policy for it.
Official title: correctional officers; supplemental contributions
- September 12, 2026
What changes
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NowAn employer of a participant in a specific category of the public safety defined contribution retirement plan may add a supplemental contribution incentive payment to that participant's account, on top of required employer contributions.
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NowThe payment may not exceed $5,000 per participant per employment or service interval, has a 5-year graded vesting schedule, and may be made only at a specified years-of-employment or years-of-service interval.
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NowThe payment must be made equally, as an amount or as a rate of pensionable pay, to all of that employer's qualifying participants who meet the employment or service requirement and the employer's policy. Participants cannot be required to put in any money of their own to get it.
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NowBefore starting these payments, an employer must adopt a policy that details the requirements and amounts.
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NowAn employer is not obligated to make further supplemental payments to a participant who already got one, may stop the payments at any time, and its payments do not affect other employers.
Who it affects
- Participants in the public safety personnel defined contribution retirement plan in the category the bill covers (the title refers to correctional officers)
- Employers of those participants
What you need to do
Nothing.
What the law doesn't answer
- Exactly which workers fall into the participant category the bill covers; the text refers only to a statute citation
- What the percentages are in the 5-year graded vesting schedule
- Which years-of-service intervals employers will use
- Whether any employer is expected to offer these payments or how they will be funded
This summary describes the law as enacted. Later laws, court rulings or referendum petitions can change the picture. Check the official text for the current wording.