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FISCAL NOTE
Senate Bill 174
Committee: Ways and Means General FundSponsor: Senator Arthur Orr
Analyst: John Friedenreich Date: 05/10/2023
Senate Bill 174 as reported by the Committee on Ways and Means General Fund would allow
certain school resource officers (SROs) and correctional officers to receive compensation in
excess of the current caps on retirement income for retirees under the Teachers' Retirement
System and the Employees' Retirement System until December 31,2026 and December 31,2027,
respectively.
This bill could increase the obligations of several state and local agencies or entities that
employ such retirees by an undetermined amount dependent upon any additional compensation
paid to such retiree under the provisions of this bill. This bill could also increase the obligations
of RSA by an undetermined amount dependent upon the number of employees that retire and
return to work and earn compensation above the current retiree compensation cap but who
would not otherwise have retired and received retirement benefits absent the provisions of this
bill.