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MN SF1400
MN SF1400Restriction removal on compensation that counts as covered salary for teachers working for a labor organization
summary
Introduced
02/08/2023
02/08/2023
In Committee
02/08/2023
02/08/2023
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 a restriction on the compensation that counts as covered salary for teachers working for a labor organization under the Teachers Retirement Association (TRA) in Minnesota. Specifically, the bill removes the previous limit that capped the covered salary for these teachers at the lesser of their actual salary or 75% of the governor's salary. This change allows the full actual salary of these teachers to be used in determining their employee, employer, and employer additional contributions to the TRA, as well as in calculating their retirement annuities and other benefits. The bill takes effect on the day following its final enactment.
Committee Categories
Military Affairs and Security
Sponsors (1)
Last Action
Referred to State and Local Government and Veterans (on 02/08/2023)
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=Senate&f=SF1400&ssn=0&y=2023 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=SF1400&version=0&session=ls93&session_year=2023&session_number=0&format=pdf |
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