Pension Tax relief Bill Update

There are a pair of Bills that would provide tax relief for PERA retirees.

SF 3538 is a Bill that would subtract our pension from State Income Tax.

"S.F. No. 3538: A bill for an act relating to taxation; individual income; providing a subtraction for certain public pension income; amending Minnesota Statutes 2020,sections 290.0132, by adding a subdivision; 290.091, subdivision 2. Referred to the Committee on Taxes."

The Senate Bill is sponsored by Senators Howe and Duckworth.

The House side now has sponsors, HF3902 is sponsored by Representatives

Demuth

; O'Driscoll

; Heinrich.

SF 3567 has the same result, sponsored by Senator Putnam, and the companion Bill in the House, HF 3904 Sponsored by Representative Huot.

Minnesota has a $9 Billion dollar surplus. We are over taxed in a very high tax State. Surely retirees on fixed incomes should have some relief after a lifetime of taxation.

MNCORA strongly urges our members to contact your State Senator and Representative and ask them to support these Bills. If they are already sponsors thank them for their support!

Correctional Officers Federally Recognized as Public Safety Employees

As of January 1, 2025, Correctional Officers are Federally Recognized as Public Safety Employees the same as Police and Fire. This has implications for disability, taxes and retirement. As we face new challenges to our pension in 2025 this will further the distinction between PERA General Plan members like 911 Dispatch and Probation and CO's in the PERA Correctional Plan. It's part of the Secure Act 2.0. 26 USC § 72(t)()(10) definition of Public Safety Employee - qualified public safety employee (10) Distributions to qualified public safety employees and private sector firefighters (A) In general In the case of a distribution to a qualified public safety employee from a governmental plan (within the meaning of section 414(d) ) or a distribution from a plan described in clause (iii), (iv), or (vi) of section 402(c)(8)(B) to an employee who provides firefighting services, paragraph (2)(A)(v) shall be applied by substituting “age 50 or 25 years of service u...

New Bill for Corrections seat on the PERA Board

MNCORA thanks Representatives Peggy Scott and House Leader Harry Niska for Authoring HF708 in the House and senators Cal Bahr and Jim Abeler for authoring the bill in the Senate SF1556 . Next step is for the LCPR to hear this Bill. Here's a link to the Pension Committee (LCPR). It's very important to contact them and ask them to give it a hearing for it to move on. https://www.lcpr.mn.gov/members.htm

MAPE and Teamsters gearing up for pension raid?

Currently there's an MSRS Correctional Plan Eligibility Work Group looking at who and should and should not be in the MSRS (State) Correctional Plan. The recommendations are due to the LCPR by January 10, 2025. As always there's a letter citing MAPE and Teamsters desire to add Probation Officers to both the MSRS and PERA Correctional Plans . Because why wouldn't they try this again out of our sight? Last year of course there was the Bill to add Dispatch to our Correctional Plan, and Rep. Wolgamott (the author) stated the issue was not dead. We fully expect another attempt this year. The last line of MAPE's letter says it all: This upcoming session will be challenging with possibly probation and dispatch both making a run at our pension. MNCORA will be watching. We plan to again submit a Bill to add a CO to the PERA Board (Something State CO's have). Last year Representative Niska authored it, but the LCPR declined to give it a hearing. This session Rep. Niska w...

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