MN HF2554

Modifies postretirement adjustment provisions for the Public Employees Retirement Association police and fire plan under Minnesota Statutes sections 353.6511 and 353.6512

Changes language regarding unit value calculations for retirement annuities first payable after December 31, 2015, to clarify that postretirement adjustment percentages apply after that date rather than before the retirement date

Specifies that postretirement adjustments under section 356.415, subdivision 1c, paragraph (a), clause (1), or paragraph (b), clause (1), apply to retirement annuities, service pensions, disability benefits, and survivor benefits effective after December 31, 2015

Removes the phrase "and before the date of retirement" and replaces it with "payable after December 31, 2015," to clarify the timing of adjustment calculations