SB 7028: Retirement
GENERAL 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.
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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
1/20/2026 Senate • Submitted as Committee Bill and Reported Favorably by Governmental Oversight and Accountability; YEAS 9 NAYS 0
1/21/2026 Senate • Filed
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SB 7028, Original Filed Version (Current Bill Version) Posted 1/21/2026 at 8:30 AM
Bill Text: Web Page | PDF Analyses: None Citations - Statutes (4)
Citation Catchline Location in Bill Location In Bill Help 121.053 Participation in the Elected Officers’ Class for retired members. Page 1 (pdf) 121.091 Benefits payable under the system. Page 3 (pdf) 121.101 Cost-of-living adjustment of benefits. Page 8 (pdf) 121.71 Uniform rates; process; calculations; levy. Page 9 (pdf) -
SPB 7028, Proposed Bill Posted 1/15/2026 at 1:56 PM
Bill Text: Web Page | PDF Analyses: Governmental Oversight and Accountability (Pre-Meeting) 1/16/2026 (pdf)
Governmental Oversight and Accountability (Post-Meeting) 1/20/2026 (pdf)
Committee Votes (1)
Date Committee Result 1/20/2026 3:30 PM Governmental Oversight and Accountability 9 Yeas - 0 Nays