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2025 Pension Wrap Up

  https://www.lcpr.mn.gov/index.htm Here's a brief summary of the 2025 Pension Omnibus Bill . *PERA General plan- COLA increase from 1.5-1.75% Max *PERA Police and Fire plan- one time COLA of 3% then back down to 1% annual COLA plus major changes to Disability see  ARTICLE 15 DUTY DISABILITY BENEFITS AND CONTINUATION OF HEALTH COVERAGE FOR PEACE OFFICERS AND FIREFIGHTERS   https://www.revisor.mn.gov/laws/2025/0/Session+Law/Chapter/37/ *Another Work Group for Dispatch and 911 Telecommunicators ARTICLE 17 WORK GROUP ON PENSION PLANS FOR PROBATION OFFICERS AND 911 TELECOMMUNICATORS Section 1.  WORK GROUP ON CREATING PENSION PLANS FOR PROBATION OFFICERS AND 911 TELECOMMUNICATORS. $80 million was allocated to pensions this session. The Teachers Pension and Police and Fire received the lions share.  MNCORA had one request this session, a seat on the PERA Board. SF1556 / HF708 . The Bill was laid over and we can take it up again next session. THIS BILL WOULD HAVE ...
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Happy Memorial Day Weekend

 

What's happening at the LCPR (Pension Commision) ?

This has been a very unusual session. First the session started weeks late due to the Democratic Representatives refusing to go to work for the first few weeks of the session.  This meant the Committees were already delayed and behind from the get go. Then the LCPR canceled their April 29th meeting and eventually rescheduled for May the 6th. Now that was cancelled.    Their work is not done, or is it? The last day of the Legislative Session is May 19th. They don't meet on Fridays so that's 5 working days. This is what they have posted: Upcoming Commission meetings:     Tuesday, May 6, 2025, 5:30 PM - CANCELLED Draft agenda for next Commission meeting when rescheduled:  Draft Agenda Note: Due to the fluid nature of floor sessions and committee meetings, date and time are subject to change with relatively short notice â–¶  For meetings earlier this year, go to   2025 meetings   MNCORA is wondering what is going on. The la...

State of Virginia Corrections Officers stabbed by MS 13 Gang members

 Your day can change in a minute as a CO. Fox News is reporting that  Three Virginia corrections  officers were hospitalized Friday after an alleged coordinated attack by inmates affiliated with the violent MS-13 gang and another known gang, state Department of Corrections officials said in a statement. FULL STORY Corrections is a dangerous job!

NATIONAL CORRECTIONAL OFFICER WEEK

 

LCPR Pension Commission Final Meeting

The LCPR meeting cancelled on April 29 has been rescheduled for May 6th.  It should be noted our Bill to add a CO seat to the PERA Board was laid over because PERA objected to it, yet item 2 on the agenda, " Authorizing an unreduced early retirement annuity for probation agency employees at age 60 or 35 years of service.  (laid over from the April 22 meeting)" is getting another hearing despite PERA also objecting to that. Adding a CO would cost nothing, if passed this bill would cost the General Plan $49 million! The Pension Omnibus Bill will be put together at this meeting. Curious as to how that will get heard by all of the other committees before end of session May 19th. MNCORA is watching. Legislative Commission on Pensions and Retirement Tuesday, May 6, 2025, 5:30 PM Note: Due to the fluid nature of floor sessions and committee meetings, date and time are subject to change with relatively short notice Room 123, State Capitol Building Agenda Approval of the April 22...

LCPR cancels April 29 meeting. What?

  April 29 LCPR meeting cancelled! This is the meeting the Pension Omnibus Bill was supposed to be put together at. The session ends May 19th, not a lot of time. We will keep you posted.