Bill
Bill > HF859
MN HF859
MN HF859Teachers Retirement Association provisions modified, and restriction removed on compensation that counts as covered salary for teachers working for a labor organization.
summary
Introduced
01/25/2023
01/25/2023
In Committee
01/25/2023
01/25/2023
Crossed Over
Passed
Dead
05/20/2024
05/20/2024
Introduced Session
93rd Legislature 2023-2024
Bill Summary
A bill for an act relating to retirement; Teachers Retirement Association; removing a restriction on compensation that counts as covered salary for teachers working for a labor organization; amending Minnesota Statutes 2022, section 354.41, subdivision 4a.
AI Summary
This bill removes the restriction on the compensation that counts as covered salary for teachers working for a labor organization under the Teachers Retirement Association (TRA) plan. Previously, the covered salary for these teachers was limited to the lesser of their actual salary or 75% of the governor's salary. The bill removes this limitation, allowing their full actual salary to be used in determining employee, employer, and employer additional contributions, as well as retirement annuities and other benefits under the TRA plan. The changes in this bill take effect upon final enactment.
Committee Categories
Government Affairs
Sponsors (2)
Last Action
Author added Hollins (on 02/06/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF0859&ssn=0&y=2023 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=HF859&version=0&session=ls93&session_year=2023&session_number=0&format=pdf |
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