Bill
Bill > HF4074
MN HF4074
MN HF4074Retirement; expense apportionment modified among funds managed by the State Board of Investment, administrative changes made to statutes governing the retirement plans administered by the Minnesota State Retirement System, correctional employees clarified to remain in the correctional employees retirement plan while working for a labor organization, conforming changes made, enrollment procedures modified, correctional plan membership committee clarified to no be subject to open meeting law and a
summary
Introduced
03/09/2026
03/09/2026
In Committee
04/20/2026
04/20/2026
Crossed Over
Passed
Dead
Introduced Session
94th Legislature 2025-2026
Bill Summary
A bill for an act relating to retirement; modifying expense apportionment among funds managed by the State Board of Investment; making administrative changes to statutes governing the retirement plans administered by the Minnesota State Retirement System; clarifying that correctional employees remain in the correctional employees retirement plan while working for a labor organization; making conforming changes to retirement annuity application procedures; modifying enrollment procedures in the state fire marshals subplan; clarifying that the correctional plan membership committee is not subject to the open meeting law and agency appointment and registration requirements; allowing current deputy fire marshals to elect coverage by the state fire marshals subplan; amending Minnesota Statutes 2024, sections 11A.07, subdivision 5; 352.021, subdivision 2; 352.029, subdivisions 1, 2, 2a; 352.115, subdivisions 7a, 8, 9; 352.87, subdivisions 1, 2; Minnesota Statutes 2025 Supplement, sections 11A.04; 11A.07, subdivision 4; 352.029, subdivision 3; 352.905, by adding a subdivision; 352.907, by adding a subdivision; Laws 2025, chapter 39, article 1, section 8; repealing Minnesota Statutes 2024, section 352.87, subdivision 8.
AI Summary
This bill makes several administrative and technical changes to Minnesota's retirement laws, primarily affecting the Minnesota State Retirement System (MSRS). Key provisions include modifying how expenses are divided among funds managed by the State Board of Investment (SBI), clarifying that correctional employees who take leave to work for a labor organization remain in the correctional employees retirement plan, and adjusting enrollment procedures for certain state fire marshal subplans. It also clarifies that the correctional plan membership committee is not subject to open meeting laws and allows current deputy fire marshals to elect coverage under the state fire marshals subplan, with specific conditions and retroactive effect.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (1)
Last Action
Committee report, to adopt as amended and re-refer to Ways and Means (on 04/20/2026)
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/94/2026/0/HF/4074/ |
| BillText | https://www.revisor.mn.gov/bills/94/2026/0/HF/4074/versions/1/pdf/ |
| BillText | https://www.revisor.mn.gov/bills/94/2026/0/HF/4074/versions/0/pdf/ |
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