Loading chat...

MN SF4005

Bill

Official Source

Status

Introduced

4/19/2018

Primary Sponsor

Nick Frentz

Click for details

Origin

Senate

90th Legislature 2017-2018

AI Summary

  • Amends Minnesota Statutes 2016, section 354B.23, subdivision 3 to change the employer contribution rate for the higher education individual retirement account plan.

  • Replaces the fixed six percent employer contribution rate with an amount equal to the percent of salary specified in section 354.42, subdivision 3, paragraph (c).

  • Effective the day following final enactment.

  • Introduced April 19, 2018 and referred to State Government Finance and Policy and Elections committee.

Legislative Description

Higher education individual retirement account plan contribution rate increase

Last Action

Referred to State Government Finance and Policy and Elections

4/19/2018

Committee Referrals

State Government Finance and Policy and Elections4/19/2018

Full Bill Text

No bill text available