It's nearing the end of the legislative session so here's a snapshot of where we are at. First the positive. SF4721/HF4514 has passed the Pension Committee. This Bill lowers PERA Correctional Plan Contributions and Employer Contributions as well as raising the COLA Cap from 2.5% to 3%. Read the summary here   https://www.lcpr.mn.gov/documents/mtgmaterials/2026/2026.04.07/SF4721-HF4514%20Summary.pdf MNCORA submitted written testimony supporting this Bill.  Now for the Bad. Bill HF708/ SF1556 to add a PERA Correctional Officer seat to the PERA Board is stalled.  Last session Senator Cal Bahr sat with MNCORA President Wade Laszlo and introduced the Bill to the Pension Committee. The Bill was heard last session but Pension Committee Chair Senator Nick Frentz laid it over. Meaning no vote was taken to move it out of Committee.  PERA opposed this Bill because it would make the PERA Board even numbered (like the Teachers). We were advised that Amending the Bill to mak...

March 11, 2025 the LCPR finally had their first meeting of the session. Officers were voted on and are as follows- Chair- Sen. Frentz Vice Chair- Rep. Lillie Secretary- Sen. Howe Notably absent was Rep. Wolgamott . This was the AGENDA Here is PERA Executive Director Doug Anderson's presentation on behalf of PERA . Here's their retirement plan scorecard shared during the presentation- MNCORA will continue to monitor the LCPR and work to advance our Bill for a seat on the PERA Board.