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2024 Session Pension/Retirement Bills

Web2024 Session Active Pension/Retirement Bills. For bills that passed in 2023, go to the 2023 Pension and Retirement Bills page. Listed in descending House File order …

Actived: 5 days ago

URL: https://www.lcpr.mn.gov/billlog.htm

LCPR Annual Update

WebBenefit Highlights. Average Initial Benefit: $1,792 per month. 2024 Post-Retirement Increase: 1.5% fixed.

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Health Care Savings Plan

WebThe Minnesota State Retirement System (MSRS) Health Care Savings Plan, coded as Minnesota Statutes, Section 352.98, was enacted in 2001 (1st Spec. Sess. Laws 2001, …

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Background Information on Minnesota Extended Treatment …

WebMETO had the capacity to provide specialized residential services for up to 48 clients. Minnesota Specialty Health System-Cambridge provides services to individuals …

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Report on the LCPR Study of Postretirement Adjustments …

WebPERA. FY 20 retirees earning $20,000 or less receive a COLA of 2.5%. Effective FY 24, an annual COLA of 2.5% will be provided to those who retire with at least 25 years of …

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Background Information on Department of Corrections

WebThe Minnesota Department of Corrections was created in 1959 to consolidate state correctional functions into one agency. A service and regulatory agency, the department …

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P&F Social Security

WebIn 1965, Medicare (the Health Insurance Program) was added to Social Security. Currently, 17% (45 million) of all Americans receive a Social Security benefit, of which about 30 …

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Background Information on the Historical Development of the …

WebEnacted in 1999, Minnesota Statutes, Chapter 353F, has been used in recent years to deal with PERA-covered public employer privatizations, either due to a sale or lease to a …

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Deferred Compensation Plan

WebThe Deferred Compensation Plan was established in 1971 (Ex. Sess. Laws 1971, Ch. 32, Sec. 19). The Deferred Compensation Plan provided a vehicle for additional retirement …

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Early Retirement Incentives

Web6. Analysis of Specific Early Retirement Incentives. a. 1984-1986 Temporary Rule of 85. The Rule of 85 (Laws 1984, Ch. 564, Sec. 44) was a temporary early retirement benefit …

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2022 Pension and Retirement Omnibus Policy Bill as passed

WebThe changes described in the first bullet will not take effect until July 1, 2024. The changes described in the second bullet and all other changes take effect the day …

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Simply put, there are and will continue to be insufficient

WebPage 2 As counties approach solutions to this serious issue, we center our priority on getting employees the mental health support they need with the primary goal of recovery and

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HF 1234 (Frentz), Third Engrossment: Modifying disability …

WebThe account funds death benefits to survivors of public safety officers and reimbursement of public employers for continued health insurance when a public safety officer is on duty …

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HF 4576 (Bahner); SF 4498 (Kiffmeyer): MSRS, PERA

WebBrief Description: The bill permits retirees who are already employed or will become employed as health care workers during a peacetime emergency, such as the …

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Police & Fire Plan Duty Disability Application Process and …

Web12,025 Actives FY19 Assets $8.8B 11,201 Retirees Employee $124M FY20 Assets $9.0B $318M Total Contributions Employer $194M $567M Total Benefit Payments POLICE & …

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COLA Study Report

Web2018 Pension and Retirement Bill The 2018 Pension and Retirement Bill directed the LCPR to study postretirement adjustments. A postretirement adjustment, …

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Region Operations Staff Union Legend

WebStaffing Numbers Region Operations Staff Northwest 159 LELS Law Enforcement Labor Services Northeast 159 AFSME American Federation of State, …

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Adequacy of disability benefits for Minnesota police officers

Web1 . As requested by Minn. Stat. § 3.197: This report cost approximately $119,100 to prepare, including staff . time for DLI and PERA and the cost of the contract with the research …

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