Bill > SF1556

This bill amends the composition of the Public Employees Retirement Association (PERA) board of trustees by increasing the total number of trustees from 11 to 12 members. Specifically, the bill adds a new trustee who is a member of the local government correctional service retirement plan, bringing the number of trustees elected by the membership from five to six. The board will continue to include the state auditor (who may designate a deputy) and five gubernatorially appointed trustees representing various public sector groups. The bill maintains existing election procedures, including a 7-day candidate filing period, nominating petition requirements, and voting processes. Candidates who receive or spend over $100 on their campaign must file a disclosure report with the Campaign Finance and Public Disclosure Board. The election process remains democratic, with members, retirees, and benefit recipients eligible to vote, and strict rules about voting procedures, such as secret ballots and limitations on voting for multiple candidates. The change is effective immediately following final enactment, expanding representation on the PERA board to include a specific correctional service retirement plan member.

Government Affairs

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF1556&ssn=0&y=2025