Legislative Commission on Pensions and Retirement
Legislative Commission on Pensions and Retirement

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LCPR Updates


The 2018 Omnibus Pension and Retirement Bill becomes law upon signing by the Governor on May 31

On Thursday, May 31, Governor Dayton signed S.F. 2620, which had been unanimously approved by both the House of Representatives and the Senate during the 2018 legislative session. The new law makes changes to pension benefits, increases employer and employee contributions, and appropriates funding to help pay for the increases. All the state's public pension plans are impacted by the bill, including volunteer firefighter relief association plans. The new law is Chapter 211 of the Minnesota 2018 session laws. For summaries and actuarial and fiscal analyses, see:

  1. Summary
  2. Table of Contents
  3. Section-by-Section Summary
  4. List of Source Bills
  5. Actuarial Analysis of the Impact of the Bill Over a 30-Year Period, prepared by the pension funds
  6. Funded Status of the Retirement Plans as of 6/30/2018
  7. Appropriation Tracking (revised), prepared by Senate Fiscal Staff

Minnesota News


Dayton signs pension bill aimed at long-term stability in state retirement system (Star Tribune)

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By Jessie Van Berkel

Promise of increased stability has thousands of retirees, public employees breathing easier.
Read full article...

Editorial: Pension bill was 2018 bright spot for Minnesota Legislature (Star Tribune)

Shared sacrifice allowed for a win-win result for all concerned. Read full article...

Mark Dayton’s last bill: Stability for 511,000 state workers’ pensions

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By Christopher Magan

Gov. Dayton held a signing ceremony that was "packed to the rafters."
Read full article...

Editorial: Unanimously passed pension repair. Wow. (Pioneer Press)

Amid the dysfunction at the Capitol, Minnesotans should take note of a surprising example of good governing.
Read full article...

State Board of Investment News


Minnesota CIO layers on risk-focused approach to investing (Pensions&Investments)

Minnesota Welcomes You

SBI's leader is taking a risk-focused approach to its investment strategy, adding a stand-alone U.S. Treasury allocation.
Read full article...

National News


Minnesota Governor Signs Pension Law to Cut Deficit (Bloomberg Law)

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The new law is designed to slash the $17.1 billion pension funding deficit by about $3.4 billion. Read full article...

New Math Deals Minnesota’s Pensions the Biggest Hit in the U.S. (Bloomberg)

Pension Deficit Graph

Minnesota’s debt to its workers’ retirement system has soared by $33.4 billion, or $6,000 for every resident, courtesy of accounting rules.
Read full article...
Links to MN Plans' GASB Reports



Contact Us


To request or discuss legislation and for answers to questions regarding the LCPR, pension and retirement plans for public employees, and retirement topics in general, contact the Commission at:

Location:    Room 55 State Office Building     
100 Rev. Dr. Martin Luther King Jr. Blvd.   
St. Paul, MN 55155
 

 View map
Phone:651-296-2750
Fax: 651-297-3697
E-mail:lcpr@lcpr.leg.mn
 
Members:Commission member contact information
 
Staff:Susan Lenczewski,
Executive Director
Rachel Barth,
Deputy Director
Lisa Diesslin,
Commission Assistant
651-296-1309651-296-7820651-296-6806
susan.lenczewski@lcpr.leg.mn    rachel.barth@lcpr.leg.mn    lisa.diesslin@lcpr.leg.mn
 


 

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Upcoming Meetings

Legislative Commission on Pensions and Retirement  ·  55 State Office Building, St. Paul, MN 55155   ·  lcpr@lcpr.leg.mn