Skip to main content

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.

Popular posts from this blog

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...
Read more

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
Read more

PERA Board votes against CO seat-arguments. What's next and options

  On December 12, 2024 the PERA Executive Board voted unanimously not to  support legislation to add a Correctional Officer seat to the PERA Board. This is disappointing but will not dissuade MNCORA from again seeking a Bill with the Legislature. I would like to counter some of the PERA Boards arguments. At the planning meeting and in PERA's letter they argued that adding a seat would make the number on the Board even. So, we revised our proposal to add an additional Retiree seat. After all retirees are almost 30% of PERA membership and Retirees have only one member elected seat. In their letter they state, “ The current makeup of the board is 6 member positions to 3 employer positions, adding additional board members representing member groups would weigh the board’s makeup further towards the membership .” Not exactly true. It’s an 11 person board. Source PERA 2023 PFAR The 11 person Board is made up of 5 seats that are appointed by the Governor and one more is th...
Read more