Last session Senator Bahr introduced SF1556/ HF708 a Bill to add a Corrections Officer to the PERA Board. The Bill was heard but laid over. PERA's objection was it would make the PERA Board even numbered. Rep Peggy Scott will be introducing an Amendment which would cure PERA's objection. MNCORA asks that you write Senator Frentz, Chair of the Pension Committee and tell him to bring the Amendment to a vote when introduced. sen.nick.frentz@mnsenate.gov make sure to cc rep.peggy.scott@house.mn.gov sen.cbahr@mnsenate.gov If this session passes without getting a Correctional Officer seat on the PERA Board we have to start all over again next session! PERA UPDATE On March 12 PERA held their Executive Board meeting, MNCORA attended virtually. Some interesting things came to light. First a firefighter out on a duty disability who had been overpaid and was paying back the overage at 25% of her check was asking for a 'hardship' reduction to 10% a check. It came to light that t...
The new legislative session has started. Last session we had Bill HF708 and SF1556 introduced and heard by the LCPR (Pension Commission). The Bill was laid over. PERA objected because another seat would have made the PERA Board an even numbered Board. Representative Peggy Scott will be introducing an Amendment to make one of the existing 3 elected PERA Board seats to be filled by a PERA Correctional Officer. This would seem to overcome the objections. If passed this would finally give a PERA Correctional Plan member a dedicated seat on the Board. Secondly PERA is recommending and writing legislation to raise the COLA Cap on our Correctional Plan from 2.5 to 3%. This Bill would also lower the Employee contributions from 6.83% to 6% and the Employer contribution from 10.25 t0 9%. This will benefit the Retirees, current contributing members and the Employer. A win all around! Watch our website and blogs for news and updates!