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



State Auditor's Volunteer Fire Relief Association Working Group meeting: Nov. 29, 2018

Work Group on Relief Association Conversions and Dissolutions: Next meeting TBA


Impact of the 2018 Omnibus Pension Bill by retirement system

Click on the retirement system logo below to go to the fact sheet for its retirement plan(s):

MSRS logo PERA logo TRA logo SPTRFA logo





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)

Star Tribune logo

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)

Bloomberg Law Logo

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
Fax: 651-297-3697
Members:Commission member contact information
Staff:Susan Lenczewski,
Executive Director
Deputy Director     
Lisa Diesslin,
Commission Assistant
651-296-1309 651-296-6806
susan.lenczewski@lcpr.leg.mn    lisa.diesslin@lcpr.leg.mn


Legislative Calendar

Click on a date to see all House, Senate, and joint meetings for that day

Upcoming Meetings

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