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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 COST NOTHING!



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