SF2626 Summary

• Establishes that boards of directors for the Minnesota State Retirement System, Public Employees Retirement Association, and Teachers Retirement Association must set executive director salaries, with salaries not exceeding limits in Minnesota Statutes section 15A.0815, subdivision 2, effective July 1, 2016.

• Ratifies nine labor agreements negotiated between the state and various employee organizations including Minnesota State University Administrative and Service Faculty, Minnesota Nurses Association, Minnesota Law Enforcement Association, and others, approved between October 29, 2015 and March 8, 2016.

• Ratifies seven additional labor agreements and compensation plans including agreements with the American Federation of State, County, and Municipal Employees Council 5, Middle Management Association, and compensation plans for unrepresented and managerial employees, submitted between October 29 and December 29, 2015.

• Ratifies salary increases for executive directors of the Minnesota State Retirement System, Public Employees Retirement Association (new salary $144,991), and Teachers Retirement Association, all effective retroactively from July 1, 2015.

• Directs the revisor of statutes to remove references to the three retirement association executive directors from Minnesota Statutes section 15A.0815, subdivision 2, effective July 1, 2016.