SF2000
Teachers Retirement Association provisions modifications and appropriation
Legislative Session 94 (2025-2026)
Related bill: HF1582
AI Generated Summary
This bill proposes several changes to the Teachers Retirement Association (TRA) in Minnesota, including:
- Unreduced Retirement Annuity: Allows teachers to retire with full benefits at age 60 if they have 30 years of service.
- Early Retirement Adjustments: Modifies the reduction factors applied to retirement annuities for those who retire before the normal retirement age.
- Post-Retirement Benefit Increases: Increases post-retirement adjustments and removes the delay in receiving these adjustments for those who retire early.
- Employer Contribution Increases: Raises the contributions that school districts must pay for teachers' pensions.
- Increased Pension Adjustment Revenue for Schools: Adjusts the pension adjustment revenue formula for school districts, increasing funding to cover pension costs.
The bill also includes appropriations to support these changes and amends sections of the Minnesota Statutes (2024) related to teacher pensions and school district funding.
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| February 27, 2025 | Senate | Action | Introduction and first reading | ||
| February 27, 2025 | Senate | Action | Referred to | State and Local Government | |
| March 03, 2025 | Senate | Action | Author added | ||
| March 06, 2025 | Senate | Action | Author added | ||
| Showing the 5 most recent stages. This bill has 4 stages in total. Log in to view all stages | |||||
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Progress through the legislative process
In Committee
Sponsors
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