We hope you're all enjoying your summer.
The MNCORA Executive Board met August 3rd. Here's what's happening.
- There's a proposal from an Anoka County Detention Deputy, not a MNCORA member, who has met with PERA's Doug Anderson about raising the retirement payout from 1.9% to 2.2%. We met with him prior. MNCORA supports a higher payout but would want to see an actuarial of what affect it will have on our plan. Neither the Actuarial or a Bill to raise it would happen this year as it's a short session and last year was the budget year. It would not affect current retirees, but those still working. It would most likely require a larger contribution from both the employer and employee, that's why we want an actuarial.
- The Minnesota Duty Disability Association, MNDDA is raising money for a Lawsuit suing the State over HF 1234 and all the potential damage to those out on Duty Disability. They asked for our support. The Executive Board voted and supports this. We have no funds to donate as an organization as we do not collect dues. That being said we are encouraging our members to donate what ever amount they can. Some of the Executive Board have already contributed. The link is here https://mndda.org/2023/06/04/donate-towards-the-hf1234-lawsuit/ and on our MNCORA website. Like MNCORA the MNDDA spoke at the Capitol against HF 1234
- MNCORA's priority this session is to get a dedicated Correctional Officer seat on the PERA Board. We have a House member ready to write the Bill and the LCPR said near the end of last session they'd assist in drafting the language.
This session will be a short one and a Correctional seat on the PERA Board is cost neutral.