Top Legislation - View All
Latest Action: 02/20/2008 - Introduction and first reading Bill TextRelating to retirement ARTICLE 1 - ACTUARY RETAINED BY THE LEGISLATIVE COMMISSIONS ON PENSION AND RETIREMENT Providing for actuarial services to the legislature and the state; mandating the retention of the consulting actuary for various retirement related reports by the legislative commission on pensions and retirement (LCPR); eliminating certain joint contractual duties of the Minnesota state retirement system (MSRS), the public employees retirement association (PERA), the teachers retirement association (TRA), the Duluth teachers retirement fund association, the Minneapolis employees retirement fund (MERF) and the St. Paul teachers retirement fund; allocating the costs of actuarial services among retirement plans; creating a legislative commission on pensions and retirement revolving fund for actuarial services, requiring actuarial costs assessments to be credited to the account; modifying certain [...] show full description
Latest Action: 05/19/2007 - Returned from Senate with amendment Bill TextHF 1973 FIFTH ENGROSSMENT Minneapolis Public Library and Hennepin County library system merger enabled; and transfer of employees, property and assets to Hennepin County authorized. ARTICLE 1: LIBRARY MERGER Section 1: Preemption language provided. Section 2: Definitions provided. Section 3: Transfer of assets language provided. Section 4: Minneapolis central library parking ramp language provided. Section 5: Transfer of employees language provided. Section 6: Minneapolis employee retirement fund participants language provided. Section 7: Existing debt and unissued capital improvement language provided. Section 8: Operating funds language provided. Section 9: Planetarium language provided. Section 10: Minneapolis library board language provided. Section 11: Ballpark tax levy language provided. show full description
Latest Action: 02/21/2008 - Introduction and first reading Bill Text
Relating to retirement; authorizing certain voluntary deductions from persons
entitled to receive an annuity from a public pension fund administered by the
Minnesota state retirement system (MSRS), the public employees retirement system
(PERA) or the Minneapolis employees retirement system (MERF); restricting
liability
(je)
Latest Action: 02/21/2008 - Introduction and first reading Bill TextRelating to retirement ARTICLE 1 - POSTRETIRMENT PROVISIONS Requiring the state board of investment to annually determine a composite funded ratio for state pension assets; modifying the postretirement adjustment calculation; requiring the board to determine fund total fair market value; limiting the postretirement adjustment percentage; specifying procedure to be used in determining Minneapolis employees retirement fund (MERF) increases and not specifying a limit; providing a lost purchasing power increase for the Minnesota postretirement investment fund and specifying conditions; requiring a legislative report under condition of excess assets ARTICLE 2 - MINNESOTA POSTRETIREMENT INVESTMENT FUND DISSOLUTION Providing for Minnesota postretirement investment fund dissolution according to a transition schedule; providing for postretirement adjustments; requiring a legislative report on [...] show full description
Latest Action: 05/20/2007 - Author added Dibble Bill Text2E Relating to local government ARTICLE 1 - LIBRARY MERGER Providing for the merger of the city of Minneapolis public library and the Hennepin county library system, specifying supersession of contrary state law and city of Minneapolis home rule charter and ordinances; authorizing the Minneapolis library board and the city of Minneapolis to transfer to Hennepin county all interest in, rights and title to the real property and assets of the Minneapolis public library to the consolidated Hennepin county library system, specifying real property and assets; authorizing the city of Minneapolis to transfer the Minneapolis central library parking ramp to the county, specifying bond and debt instruments responsibility to the city of Minneapolis, requiring county reimbursement for bonds principal and interest; transferring all permanent Minneapolis library board employees to county employment, transfer to [...] show full description
Latest Action: 02/22/2007 - Introduction and first reading Bill Text
Authorizing the Minneapolis employees retirement fund (MERF) to invest fund
assets with the state board of investment under certain conditions; requiring
the executive director of the fund to determine the interest charge; modifying
certain liquidity requirements; repealing the additional employer contributions
provision under certain conditions
(me)
Latest Action: 02/01/2007 - Introduction and first reading Bill Text
Updating and making consistent the definitions of salary, average salary and
severance payments under the Minnesota state retirement system (MSRS), state
troopers and judges retirement plans, the public employees retirement
association (PERA), the teachers retirement associations (TRA) and the
Minneapolis employees retirement fund (MERF) for retirement annuity calculation
purposes
(ra)
Latest Action: 02/01/2007 - Introduction and first reading Bill Text
Relating to retirement; modifying the proposed public pension plan
administrative legislation submission and review process for the Minnesota state
retirement system (MSRS), public employees retirement association (PERA),
teachers retirement association (TRA), Minneapolis employees retirement fund
(MERF), Duluth and St. Paul teachers retirement fund associations and Minnesota
state colleges and university system (MnSCU); specifying mandated subjects for
revision recommendations and a schedule; modifying supporting documentation
requirements
(rt)
Also tagged in: Appropriations, Boards, Cities and Towns, Corrections and Corrections Department, Counties-Specific, Employee Relations Department, Federal Government, Fire and Firefighters, Hospitals and Health Facilities, Military and Military Affairs Department, Native Americans, Omnibus, Police and Peace Officers, Public Employees, Retirement, Retirement-Firefighters Relief Associations, Retirement-MSRS, Retirement-PERA, Retirement-Police Relief Associations, Retirement-Public and State Employees, Retirement-Teachers, Teachers
Latest Action: 05/16/2008 - Bill was repassed as amended by Conference Bill TextHF 3082 FIFTH ENGROSSMENT Public and state employee retirement provisions modified, and money appropriated. ARTICLE 1 -- POSTRETIREMENT PROVISIONS Section 1: Composite funded ratio language provided. Section 2: Calculation of postretirement adjustment language modified. Section 3: Lost purchasing power increase language provided. Section 4: Excess assets trigger language provided. Section 5: Benefit adjustments for certain disability and survivor benefits language modified. Section 6: Retirement benefit fund language modified. Section 7: Teacher retirement benefits language provided. ARTICLE 2 -- MINNESOTA POSTRETIREMENT INVESTMENT FUND DISSOLUTION Section 1: Dissolution of Minnesota Postretirement Investment Fund language provided. Section 2: Proposed statutory changes language provided. ARTICLE [...] show full description
Also tagged in: Boards, Cities and Towns-Specific, Corrections and Corrections Department, Counties-Specific, Employee Relations Department, Federal Government, Fire and Firefighters, Hospitals and Health Facilities, Military and Military Affairs Department, Native Americans, Omnibus, Police and Peace Officers, Public Employees, Retirement, Retirement-Firefighters Relief Associations, Retirement-MSRS, Retirement-PERA, Retirement-Police Relief Associations, Retirement-Teachers, Teachers
Latest Action: 05/13/2008 - HF substituted by motion [HF3082] Bill Text3E Relating to retirement; ARTICLE 1 - POSTRETIREMENT PROVISIONS Requiring the state board of investment to annually determine a composite funded ratio for state pension assets, modifying the postretirement adjustment calculation, requiring the board to determine fund total fair market value, limiting the postretirement adjustment percentage, providing a lost purchasing power increase for the Minnesota postretirement investment fund and specifying conditions, requiring a legislative report under condition of excess assets ARTICLE 2 - MINNESOTA POSTRETIREMENT INVESTMENT FUND DISSOLUTION Modifying the procedures used by the state board of investment to determine postretirement adjustments for the Minneapolis employees retirement fund; providing for Minnesota postretirement investment fund dissolution according to a transition schedule, providing for postretirement adjustments, requiring a show full description
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Latest Legislation - View All
Latest Action: 05/20/2007 - Author added Dibble Bill Text2E Relating to local government ARTICLE 1 - LIBRARY MERGER Providing for the merger of the city of Minneapolis public library and the Hennepin county library system, specifying supersession of contrary state law and city of Minneapolis home rule charter and ordinances; authorizing the Minneapolis library board and the city of Minneapolis to transfer to Hennepin county all interest in, rights and title to the real property and assets of the Minneapolis public library to the consolidated Hennepin county library system, specifying real property and assets; authorizing the city of Minneapolis to transfer the Minneapolis central library parking ramp to the county, specifying bond and debt instruments responsibility to the city of Minneapolis, requiring county reimbursement for bonds principal and interest; transferring all permanent Minneapolis library board employees to county employment, transfer to [...] show full description
Latest Action: 02/01/2007 - Introduction and first reading Bill Text
Relating to retirement; modifying the proposed public pension plan
administrative legislation submission and review process for the Minnesota state
retirement system (MSRS), public employees retirement association (PERA),
teachers retirement association (TRA), Minneapolis employees retirement fund
(MERF), Duluth and St. Paul teachers retirement fund associations and Minnesota
state colleges and university system (MnSCU); specifying mandated subjects for
revision recommendations and a schedule; modifying supporting documentation
requirements
(rt)
Latest Action: 02/01/2007 - Introduction and first reading Bill Text
Updating and making consistent the definitions of salary, average salary and
severance payments under the Minnesota state retirement system (MSRS), state
troopers and judges retirement plans, the public employees retirement
association (PERA), the teachers retirement associations (TRA) and the
Minneapolis employees retirement fund (MERF) for retirement annuity calculation
purposes
(ra)
Latest Action: 02/22/2007 - Introduction and first reading Bill Text
Authorizing the Minneapolis employees retirement fund (MERF) to invest fund
assets with the state board of investment under certain conditions; requiring
the executive director of the fund to determine the interest charge; modifying
certain liquidity requirements; repealing the additional employer contributions
provision under certain conditions
(me)
Latest Action: 02/21/2008 - Introduction and first reading Bill TextRelating to retirement ARTICLE 1 - POSTRETIRMENT PROVISIONS Requiring the state board of investment to annually determine a composite funded ratio for state pension assets; modifying the postretirement adjustment calculation; requiring the board to determine fund total fair market value; limiting the postretirement adjustment percentage; specifying procedure to be used in determining Minneapolis employees retirement fund (MERF) increases and not specifying a limit; providing a lost purchasing power increase for the Minnesota postretirement investment fund and specifying conditions; requiring a legislative report under condition of excess assets ARTICLE 2 - MINNESOTA POSTRETIREMENT INVESTMENT FUND DISSOLUTION Providing for Minnesota postretirement investment fund dissolution according to a transition schedule; providing for postretirement adjustments; requiring a legislative report on [...] show full description
Latest Action: 02/21/2008 - Introduction and first reading Bill Text
Relating to retirement; authorizing certain voluntary deductions from persons
entitled to receive an annuity from a public pension fund administered by the
Minnesota state retirement system (MSRS), the public employees retirement system
(PERA) or the Minneapolis employees retirement system (MERF); restricting
liability
(je)
Also tagged in: Boards, Cities and Towns-Specific, Corrections and Corrections Department, Counties-Specific, Employee Relations Department, Federal Government, Fire and Firefighters, Hospitals and Health Facilities, Military and Military Affairs Department, Native Americans, Omnibus, Police and Peace Officers, Public Employees, Retirement, Retirement-Firefighters Relief Associations, Retirement-MSRS, Retirement-PERA, Retirement-Police Relief Associations, Retirement-Teachers, Teachers
Latest Action: 05/13/2008 - HF substituted by motion [HF3082] Bill Text3E Relating to retirement; ARTICLE 1 - POSTRETIREMENT PROVISIONS Requiring the state board of investment to annually determine a composite funded ratio for state pension assets, modifying the postretirement adjustment calculation, requiring the board to determine fund total fair market value, limiting the postretirement adjustment percentage, providing a lost purchasing power increase for the Minnesota postretirement investment fund and specifying conditions, requiring a legislative report under condition of excess assets ARTICLE 2 - MINNESOTA POSTRETIREMENT INVESTMENT FUND DISSOLUTION Modifying the procedures used by the state board of investment to determine postretirement adjustments for the Minneapolis employees retirement fund; providing for Minnesota postretirement investment fund dissolution according to a transition schedule, providing for postretirement adjustments, requiring a show full description
Latest Action: 02/20/2008 - Introduction and first reading Bill TextRelating to retirement ARTICLE 1 - ACTUARY RETAINED BY THE LEGISLATIVE COMMISSIONS ON PENSION AND RETIREMENT Providing for actuarial services to the legislature and the state; mandating the retention of the consulting actuary for various retirement related reports by the legislative commission on pensions and retirement (LCPR); eliminating certain joint contractual duties of the Minnesota state retirement system (MSRS), the public employees retirement association (PERA), the teachers retirement association (TRA), the Duluth teachers retirement fund association, the Minneapolis employees retirement fund (MERF) and the St. Paul teachers retirement fund; allocating the costs of actuarial services among retirement plans; creating a legislative commission on pensions and retirement revolving fund for actuarial services, requiring actuarial costs assessments to be credited to the account; modifying certain [...] show full description
Also tagged in: Appropriations, Boards, Cities and Towns, Corrections and Corrections Department, Counties-Specific, Employee Relations Department, Federal Government, Fire and Firefighters, Hospitals and Health Facilities, Military and Military Affairs Department, Native Americans, Omnibus, Police and Peace Officers, Public Employees, Retirement, Retirement-Firefighters Relief Associations, Retirement-MSRS, Retirement-PERA, Retirement-Police Relief Associations, Retirement-Public and State Employees, Retirement-Teachers, Teachers
Latest Action: 05/16/2008 - Bill was repassed as amended by Conference Bill TextHF 3082 FIFTH ENGROSSMENT Public and state employee retirement provisions modified, and money appropriated. ARTICLE 1 -- POSTRETIREMENT PROVISIONS Section 1: Composite funded ratio language provided. Section 2: Calculation of postretirement adjustment language modified. Section 3: Lost purchasing power increase language provided. Section 4: Excess assets trigger language provided. Section 5: Benefit adjustments for certain disability and survivor benefits language modified. Section 6: Retirement benefit fund language modified. Section 7: Teacher retirement benefits language provided. ARTICLE 2 -- MINNESOTA POSTRETIREMENT INVESTMENT FUND DISSOLUTION Section 1: Dissolution of Minnesota Postretirement Investment Fund language provided. Section 2: Proposed statutory changes language provided. ARTICLE [...] show full description
Latest Action: 05/19/2007 - Returned from Senate with amendment Bill TextHF 1973 FIFTH ENGROSSMENT Minneapolis Public Library and Hennepin County library system merger enabled; and transfer of employees, property and assets to Hennepin County authorized. ARTICLE 1: LIBRARY MERGER Section 1: Preemption language provided. Section 2: Definitions provided. Section 3: Transfer of assets language provided. Section 4: Minneapolis central library parking ramp language provided. Section 5: Transfer of employees language provided. Section 6: Minneapolis employee retirement fund participants language provided. Section 7: Existing debt and unissued capital improvement language provided. Section 8: Operating funds language provided. Section 9: Planetarium language provided. Section 10: Minneapolis library board language provided. Section 11: Ballpark tax levy language provided. show full description
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