MN HF3136

Increases the maximum employer contribution limit to laborers national and local pension funds from $5,000 to $7,000 per year per employee under Minnesota Statutes section 356.24, subdivision 1, clause (8).

Applies to employees of governmental subdivisions covered by collective bargaining agreements that provide for coverage by laborers pension funds and set forth a fund contribution rate.

Amends Minnesota Statutes 2014, section 356.24, subdivision 1.

Maintains existing restrictions on governmental entities levying taxes or contributing public funds to supplemental pension or deferred compensation plans, with specific enumerated exceptions.