The 2025 legislation session has started with chaos. As you probably know the Democratic side is refusing to show up. The Republicans have. Forget the news with their slants, here's the link to what happened at the first session from the Minnesota House.  The Republicans on day two have named their members to the Pension Committee. They are O'Driscoll (Chair), Nadeau and Stier. Both O'Driscoll and Nadeau were on last year, Stier is new to the Pension Committee. There won't be a full Pension Committee until the Democrats show up and name their members. MNCORA has reached out to Representative Niska to again author the Bill to add a CO to the PERA Board. The LCPR Executive Director is ready to assist again. No Bills can advance without the other side showing up so until then everything is in limbo. MNCORA is ready to go when ever they are.

There are a pair of Bills that would provide tax relief for PERA retirees.   SF 3538 is a Bill that would subtract our pension from State Income Tax. " S.F. No. 3538: A bill for an act relating to taxation; individual income; providing a subtraction for certain public pension income; amending Minnesota Statutes 2020,sections 290.0132, by adding a subdivision; 290.091, subdivision 2. Referred to the Committee on Taxes ." The Senate Bill is sponsored by Senators Howe and Duckworth . The House side now has sponsors,  HF3902 is sponsored by Representatives  Demuth  ;  O'Driscoll  ;  Heinrich . SF 3567 has the same result, sponsored by Senator Putnam , and the companion Bill in the House,  HF 3904 Sponsored by Representative Huot. Minnesota has a $9 Billion dollar surplus. We are over taxed in a very high tax State. Surely retirees on fixed incomes should have some relief after a lifetime of taxation. MNCORA strongly urges our members to c...