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MN HF3013
Bill
Status
3/12/2014
Primary Sponsor
Mike Nelson
Click for details
AI Summary
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Increases general state employee contribution rates from 5.00% to 5.50% of salary effective July 1, 2014, with the new rate applying to all pay periods after that date.
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Increases general state employer contribution rates from 5.00% to 5.50% of salary effective July 1, 2014, matching the employee increase.
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Increases correctional employee contribution rates from 8.60% to 9.10% of salary effective July 1, 2014.
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Increases correctional employer contribution rates from 12.10% to 12.85% of salary effective July 1, 2014.
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All changes take effect on the first day of the first full pay period beginning after July 1, 2014.
Legislative Description
Minnesota State Retirement System; general state employee and correctional state employee retirement plans; employee and employer contribution rates modified.
Last Action
Introduction and first reading, referred to Government Operations
3/12/2014