Bill

Bill > HF708


MN HF708

MN HF708
Public employee retirement association board of trustees member addition provided.


summary

Introduced
02/13/2025
In Committee
02/13/2025
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to retirement; Public Employees Retirement Association; adding a member to the board of trustees who is a member of the local government correctional service retirement plan; amending Minnesota Statutes 2024, section 353.03, subdivision 1.

AI Summary

This bill amends the Minnesota Public Employees Retirement Association (PERA) board of trustees composition by increasing the total number of board members from 11 to 12. Specifically, the bill adds a new trustee who must be a member of the local government correctional service retirement plan, expanding the board's elected membership from five to six trustees. The bill maintains the existing process for board member selection, which includes five trustees appointed by the governor (representing school boards, cities, counties, retired annuitants, and a public member with pension expertise) and the state auditor (who may designate a deputy auditor). The election procedures remain largely unchanged, including the requirement for candidates to file nominating petitions, the distribution of election materials, and campaign finance reporting requirements. Candidates must still be public employees and members of the association, with specific representation from different plan types. The bill aims to provide more direct representation for local government correctional service plan members on the PERA board and will take effect the day following final enactment.

Committee Categories

Government Affairs

Sponsors (2)

Last Action

Introduction and first reading, referred to State Government Finance and Policy (on 02/13/2025)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...