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:
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
