MN HF2631

Increases employer contribution limits for laborers from $7,000 to an unspecified amount, plumbers and pipefitters from $5,000 to an unspecified amount, and operating engineers from $5,000 to $10,500 per year per employee for supplemental pension funds covered by collective bargaining agreements.

Authorizes new employer contributions up to $50,000 per year per employee to retirement funds for sheet metal workers, elevator constructors, electricians, carpenters, sprinkler fitters, painters, and roofers covered by collective bargaining agreements.

Modifies the definition of "salary" for public employees covered by supplemental retirement plans to include employer contributions to those plans when required by collective bargaining agreement, either through wage reduction or in lieu of wages.

Applies effective date of the day following final enactment to allow these contribution increases and new authorizations to take effect immediately upon passage.