SF1556 (Legislative Session 94 (2025-2026))
Member addition to the board of trustees who is a member of the local government correctional service retirement plan
Related bill: HF708
AI Generated Summary
The bill S.F. No. 1556 aims to modify the composition of the board of trustees for the Public Employees Retirement Association in Minnesota. Specifically, it proposes to increase the number of board members from 11 to 12. The new addition would specifically represent the local government correctional service retirement plan. This change means that there would now be six members elected by the membership of the association, including representatives of the police and fire fund plan, local government correctional services, and a former public employee receiving retirement benefits. The election process and terms of these board members are also outlined, including the nomination process, election procedures, and reporting of campaign finances. This amendment is designed to ensure that various stakeholder interests, especially those from different public service backgrounds, are adequately represented in the management of the retirement association.
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| February 16, 2025 | Senate | Floor | Action | Introduction and first reading | |
| February 16, 2025 | Senate | Floor | Action | Referred to | State and Local Government |
Citations
[
{
"analysis": {
"added": [
"A member to the board representing the local government correctional service retirement plan."
],
"removed": [],
"summary": "This bill amends the composition of the board responsible for managing the Public Employees Retirement Association and impacts those defined as public employees under section 353.01.",
"modified": [
"The composition of the board of trustees from 11 to 12 members."
]
},
"citation": "353.01"
},
{
"analysis": {
"added": [
"Requirement for candidates to disclose campaign contributions and expenditures."
],
"removed": [],
"summary": "This bill requires candidates for the retirement association's board of trustees to report campaign finance activities under the definitions provided in section 10A.01.",
"modified": []
},
"citation": "10A.01"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "The activities of the board of trustees and executive director must align with chapter 356A regarding fiduciary responsibilities and principles.",
"modified": []
},
"citation": "356A"
}
]