At the Capitol
The PERA Board of Trustees is advancing a proposal to decrease the assumed investment return and increase benefit security.
The 2018 Omnibus Retirement Bill contains reform provisions for PERA and the other three Minnesota public retirement systems. The bill has passed the LCPR, Senate, and the Governor has committed to signing it in its current format. The bill is awaiting action by the House.
Star Tribune editorial emphasizes the need for a 2018 pension bill.
Pioneer Press reports on the unanimous passage in the Senate of the 2018 Omnibus Pension Bill.
How a Bill Becomes a Law
Any proposal to change the laws that govern PERA must go through an intricate legislative process. Most legislative proposals pertaining to PERA begin with the PERA Board of Trustees.
2018 Bill Tracker
|SF 2620/ HF 3053||2018 Omnibus Retirement Bill||LCPR
3/13/18 Passed as amended
3/26/18 Passed as amended
For a full listing of all bills introduced during the legislative session, visit the LCPR’s website.
Good Pension Policy is Key
Done right, defined benefit plans are the most effective means of saving for retirement.
PERA balances equity, fairness, and costs while continuing to improve benefit security and plan stability. We take action when necessary by collaborating with plan members and employers to reach common ground and keep PERA benefits a valuable source of retirement income.