HF4306

Legislative Summary

Minnesota State Retirement System plans, Public Employees Retirement Association plans, Teachers Retirement Association, Minnesota state higher education individual retirement account plan, and St. Paul Teachers Retirement Fund Association provisions changed; postretirement adjustment rates increased; employee contribution rates temporarily reduced; investment rate of return actuarial assumption reduced; direct state aid increased and extended to the public employees police and fire retirement plan, the St. Paul Teachers Retirement Fund Association, and the judges retirement plan; and money appropriated.