Bill > HF1889

This bill makes several administrative changes to Minnesota's state retirement systems, focusing on three main areas. First, it expands the refund repayment provisions to include the correctional state employees retirement plan, allowing employees who have received a refund from either plan to repay it with interest under specific conditions. Second, the bill modifies the requirements for deferred retirement annuities, clarifying the service requirements for employees in the state employees and correctional state employees retirement plans, and specifying when and how these deferred annuities can be applied for and begin accruing. Third, the bill changes the annual reporting requirements for pension fund executive directors, mandating that they submit a detailed report by February 1st describing operational, demographic, or eligibility errors corrected during the previous calendar year, with some exceptions for routine corrections and errors already authorized by existing law. The changes aim to provide more clarity and transparency in the administration of state retirement systems, ensuring that employees understand their rights and options for retirement benefits.

Budget and Finance, Government Affairs

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF1889&ssn=0&y=2025