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HF1889 (Legislative Session 94 (2025-2026))

Minnesota Retirement State Retirement System; administrative changes made to statutes governing retirement plans, changes conformed to vesting requirements for deferred retirement annuities, annual reporting requirements modified for plan operational and other errors, and reports required.

Related bill: SF2884

AI Generated Summary

This bill makes administrative changes to the retirement plans managed by the Minnesota State Retirement System. Specifically, it:

  • Updates vesting requirements for deferred retirement annuities.
  • Modifies the annual reporting requirements for plan operations and errors.
  • Amends Minnesota Statutes (sections 352.22 and 356.636) to revise provisions related to the repayment of refunds by members of certain retirement plans.
  • Specifies repayment terms for individuals who received refunds from the state employees or correctional state employees retirement plans and later return to covered employment.

The bill was introduced in the Minnesota House of Representatives and referred to the Committee on State Government Finance and Policy.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
March 04, 2025HouseFloorActionIntroduction and first reading, referred toState Government Finance and Policy
March 04, 2025HouseFloorActionIntroduction and first reading, referred toState Government Finance and Policy
April 06, 2025HouseFloorActionCommittee report, to adopt and re-refer toWays and Means

Citations

 
[
  {
    "analysis": {
      "added": [
        "Clarifies terms and conditions for refund repayments in agreement with the director."
      ],
      "removed": [
        ""
      ],
      "summary": "Modifies the rules for refund repayment under the state employees retirement plan as part of section 352.22, subdivision 2b.",
      "modified": [
        "Refines the repayment conditions and the need for all refunds to be repaid if multiple were received."
      ]
    },
    "citation": "352.22",
    "subdivision": "subdivision 2b"
  },
  {
    "analysis": {
      "added": [
        ""
      ],
      "removed": [
        ""
      ],
      "summary": "References section 352.23 as the guiding rules for repayment terms and conditions.",
      "modified": [
        "Cross references repayment requirements detailed in section 352.23."
      ]
    },
    "citation": "352.23",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [
        ""
      ],
      "removed": [
        ""
      ],
      "summary": "Mentions section 356.311 noting types of retirement plans eligible for refund repayment.",
      "modified": [
        "Specifies applicable plans for refund repayments within section 356.311."
      ]
    },
    "citation": "356.311",
    "subdivision": ""
  }
]

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