Omnibus Pension bill

Related bill: HF1889

Bill text versions

• Introduction PDF file
• 1st Engrossment PDF file
• 2nd Engrossment PDF file

Past committee meetings

• State and Local Government on: May 13, 2025 12:30
• Finance on: May 17, 2025 21:35
• Rules and Administration on: May 16, 2025 08:30
• Rules and Administration on: May 16, 2025 08:30

Actions

[
  {
    "analysis": {
      "added": [
        "Clarifications to the duties of the commission."
      ],
      "removed": [
        ""
      ],
      "summary": "Technical amendments were made in section 3.85 subdivisions 2 and 3, relating to the Legislative Commission on Pensions and Retirement.",
      "modified": [
        "Adjustments in reporting requirements."
      ]
    },
    "citation": "3.85",
    "subdivision": "subdivisions 2, 3"
  },
  {
    "analysis": {
      "added": [
        "Clarifications on the scope of investments allowed."
      ],
      "removed": [
        ""
      ],
      "summary": "Amendments to section 11A.07 subdivisions 4 and 4b concerning the State Board of Investment were made.",
      "modified": [
        "Revised guidelines for investment reviews."
      ]
    },
    "citation": "11A.07",
    "subdivision": "subdivisions 4, 4b"
  },
  {
    "analysis": {
      "added": [
        "New financial reporting requirements."
      ],
      "removed": [
        "Old compliance report format."
      ],
      "summary": "Changes were made in section 124E.12 subdivisions 4 and 6 affecting charter school governance.",
      "modified": [
        "Updated charter school oversight procedures."
      ]
    },
    "citation": "124E.12",
    "subdivision": "subdivisions 4, 6"
  },
  {
    "analysis": {
      "added": [
        "Inclusion of technology expenses in funding formula."
      ],
      "removed": [
        ""
      ],
      "summary": "Adjustments in section 126C.10 subdivision 37 for calculating public school funding.",
      "modified": [
        "Modified base funding allocations to reflect current needs."
      ]
    },
    "citation": "126C.10",
    "subdivision": "subdivision 37"
  },
  {
    "analysis": {
      "added": [
        "Example scenarios for semi-monthly pay structures."
      ],
      "removed": [
        ""
      ],
      "summary": "Revisions to section 181.101 concerning wage payment timelines.",
      "modified": [
        "Clarification on wage dispute resolution."
      ]
    },
    "citation": "181.101",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [
        "Access provisions for new authorized entities."
      ],
      "removed": [
        "Outdated references to previous data systems."
      ],
      "summary": "Modifications in section 268.19 subdivision 1 related to unemployment insurance data access.",
      "modified": [
        "Updated confidentiality clauses in data sharing."
      ]
    },
    "citation": "268.19",
    "subdivision": "subdivision 1"
  },
  {
    "analysis": {
      "added": [
        "New beneficiary designation options."
      ],
      "removed": [
        ""
      ],
      "summary": "Changes in section 299A.465 subdivision 1 related to public safety officer benefits.",
      "modified": [
        "Improved clarity on benefit eligibility criteria."
      ]
    },
    "citation": "299A.465",
    "subdivision": "subdivision 1"
  },
  {
    "analysis": {
      "added": [
        "Clarification on calculation examples."
      ],
      "removed": [
        ""
      ],
      "summary": "Amendments to section 352.115 subdivision 3 regarding retirement annuity formulas.",
      "modified": [
        "Updated formula variables and thresholds."
      ]
    },
    "citation": "352.115",
    "subdivision": "subdivision 3"
  },
  {
    "analysis": {
      "added": [
        "Expanded definitions for covered employment."
      ],
      "removed": [
        ""
      ],
      "summary": "Revisions to section 353.01 subdivisions 2a, 2b, 2d regarding pension plan definitions.",
      "modified": [
        "Changes to accrual rules under specific conditions."
      ]
    },
    "citation": "353.01",
    "subdivision": "subdivisions 2a, 2b, 2d"
  },
  {
    "analysis": {
      "added": [
        "Criteria for new board appointments."
      ],
      "removed": [
        "Old voting protocol"
      ],
      "summary": "Revised governance structures in section 353D.01 subdivision 2 for the public pension association.",
      "modified": [
        "Process updates for meeting notifications."
      ]
    },
    "citation": "353D.01",
    "subdivision": "subdivision 2"
  },
  {
    "analysis": {
      "added": [
        "Provisions for delayed retirement credits."
      ],
      "removed": [
        ""
      ],
      "summary": "Amendments to section 353G.08 subdivision 1a related to volunteer firefighter retirement plans.",
      "modified": [
        "Adjusted terms for matching fund agreements."
      ]
    },
    "citation": "353G.08",
    "subdivision": "subdivision 1a"
  },
  {
    "analysis": {
      "added": [
        "Rules for new joint disbursement requests."
      ],
      "removed": [
        "Previous cap on fund amounts."
      ],
      "summary": "Changes in administration of fund disbursements under section 353G.11 subdivisions 2 and 2a.",
      "modified": [
        "Revised timelines for fund disbursements."
      ]
    },
    "citation": "353G.11",
    "subdivision": "subdivisions 2, 2a"
  },
  {
    "analysis": {
      "added": [
        "Incremental contribution rate increases."
      ],
      "removed": [
        ""
      ],
      "summary": "Modifications to section 354.42 subdivision 3 addressing teacher retirement contributions.",
      "modified": [
        "Adjustment of employer contribution percentage."
      ]
    },
    "citation": "354.42",
    "subdivision": "subdivision 3"
  },
  {
    "analysis": {
      "added": [
        "New rules for supplemental matching funds."
      ],
      "removed": [
        ""
      ],
      "summary": "Section 354B.215 subdivisions 3 and 4 amendments related to higher education retirement contributions.",
      "modified": [
        "Change in maximum allowable contributions."
      ]
    },
    "citation": "354B.215",
    "subdivision": "subdivisions 3, 4"
  },
  {
    "analysis": {
      "added": [
        "Addition of new data tables for annual reports."
      ],
      "removed": [
        ""
      ],
      "summary": "Section 356.215 subdivisions 1, 4, 8, 11, and 17 are updated concerning actuarial assessments.",
      "modified": [
        "Adjustment to mortality tables."
      ]
    },
    "citation": "356.215",
    "subdivision": "subdivisions 1, 4, 8, 11, 17"
  },
  {
    "analysis": {
      "added": [
        "Provisions for amalgamating small associations."
      ],
      "removed": [
        ""
      ],
      "summary": "Updates to section 423A.022 subdivisions 2, 3, and 5 regarding local relief association funding.",
      "modified": [
        "Changes to reporting obligations."
      ]
    },
    "citation": "423A.022",
    "subdivision": "subdivisions 2, 3, 5"
  },
  {
    "analysis": {
      "added": [
        "Clarifications of early retirement benefits criteria."
      ],
      "removed": [
        ""
      ],
      "summary": "Amendments to section 490.123 subdivision 5 on judicial pension benefits.",
      "modified": [
        "Adjustment of vesting periods."
      ]
    },
    "citation": "490.123",
    "subdivision": "subdivision 5"
  }
]

Sponsors

• Rep. Tim O'Driscoll (R)
• Nick A. Frentz (DFL)
• Rep. Leon Lillie (DFL)