MN SF2192

Requires the Minnesota Management and Budget Commissioner to prepare a biennial report by May 30 (or 30 days after the regular legislative session concludes, whichever is later) in odd-numbered years assessing whether budgeted appropriations and forecasted retirement contributions meet total actuarial funding requirements for statewide and major local defined benefit retirement plans.

Defines total calculated actuarial funding requirements as the sum of normal cost, administrative expenses, and supplemental amortization contribution requirements using the amortization target date specified in statute.

Requires the report exhibit to include a comparative table for each covered plan with 23 specific data points, including plan establishment year, membership numbers, contribution percentages, unfunded liability amounts, asset valuations, benefit formulas, and four-year running statistics on key metrics.

Applies to nine specified statewide and major local retirement plans listed in Minnesota Statutes section 356.20, subdivisions (1) to (6), (9), (12), (13), and (14).

Requires the report be posted on the Minnesota Management and Budget Department website.