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1.9 to 2.2% Multiplier moves forward in Omnibus Bill

The Pension Commission has included the 1.9 to 2.2% Multiplier in the Omnibus Bill.

Here's the agenda from their email. Their website is not updated yet. This is long overdue the multiplier has remained the same since 1999!


  • Public Employees Retirement Association (PERA)
    • HF 4297 (Berg); SF 4604 (Nelson): PERA Police and Fire Plan; Clarifying firefighter eligibility
    • HF 4899 (O’Driscoll); SF 5073 (Westlin): Defined Contribution Plan federal compliance
    • HF 4429 (Nelson, M.); SF 5862 (Seeberger): PERA General and Correctional workers’ compensation offset elimination
    • HF 4081 (Stephenson); SF 4092 (Gustafson): PERA Correctional; Benefit multiplier increase from 1.9% to 2.2% for prospective service; employer and employee contribution increase

While MNCORA is happy with this, our Bill HF4342 which would add a Corrections Officer seat to the PERA board has yet to have a hearing. A Bill that has both a House File and Senate file, yet the Pension Commission heard several Bills last night that only had one side, not even a complete Bill!

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