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LCPR Pension Commission Final Meeting

The LCPR meeting cancelled on April 29 has been rescheduled for May 6th. 

It should be noted our Bill to add a CO seat to the PERA Board was laid over because PERA objected to it, yet item 2 on the agenda, "Authorizing an unreduced early retirement annuity for probation agency employees at age 60 or 35 years of service. (laid over from the April 22 meeting)" is getting another hearing despite PERA also objecting to that.

Adding a CO would cost nothing, if passed this bill would cost the General Plan $49 million!

The Pension Omnibus Bill will be put together at this meeting. Curious as to how that will get heard by all of the other committees before end of session May 19th.

MNCORA is watching.

Legislative Commission on Pensions and Retirement
Tuesday, May 6, 2025, 5:30 PM

Note: Due to the fluid nature of floor sessions and committee meetings, date and time are subject to change with relatively short notice

Room 123, State Capitol Building

Agenda

  1. Approval of the April 22, 2025, meeting minutes.

  2. SF 1986 (Kupec); HF 1779 (Wolgamott): PERA and MSRS General plans; Authorizing an unreduced early retirement annuity for probation agency employees at age 60 or 35 years of service. (laid over from the April 22 meeting)
  3. SF 3467 (Rasmusson/Frentz): Making corrections and clarifying changes to pension and retirement statutes.

  4. 2025 Omnibus Pension and Retirement Bill.

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