HF1889 (Legislative Session 94 (2025-2026))
Minnesota Retirement State Retirement System; administrative changes made to statutes governing retirement plans, changes conformed to vesting requirements for deferred retirement annuities, annual reporting requirements modified for plan operational and other errors, and reports required.
Related bill: SF2884
AI Generated Summary
This bill aims to make administrative changes to the statutes governing retirement plans administered by the Minnesota State Retirement System. Specifically, it addresses:
- Vesting Requirements: It makes conforming changes to the vesting requirements for deferred retirement annuities.
- Reporting Requirements: It modifies the annual reporting requirements related to plan operations and errors.
- Refund Repayments: It updates the conditions under which a person who has received a refund from the state employees or correctional employees retirement plan can repay that refund with interest. If multiple refunds were received, they all must be repaid. Repayment terms must align with existing regulations and be agreed upon with the director.
The bill amends Minnesota Statutes Section 352.22, subdivisions 2b and 3, and Section 356.636, subdivision 3 to implement these changes.
Bill text versions
- Introduction PDF file
Past committee meetings
- State Government Finance and Policy on: April 03, 2025 08:15
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| March 04, 2025 | House | Floor | Action | Introduction and first reading, referred to | State Government Finance and Policy |