MN HF3777

Expands reporting requirements for Minnesota public pension plans by requiring the St. Paul Teachers Retirement Fund Association and other plans not fully invested through the State Board of Investment to report investment information to the state auditor.

Establishes tiered reporting requirements based on pension plan asset size, with plans having $50,000,000 or more in assets required to submit detailed portfolio values, injection/withdrawal data, and time-weighted rates of return.

Requires smaller pension plans with less than $50,000,000 in assets to submit total portfolio injections/withdrawals and quarterly market values.

Modifies reporting deadlines so that most public pension plans must submit information to the state auditor by June 1 each year, with Bloomington Fire Department and volunteer firefighter relief associations reporting by their existing section 424A.014 deadlines.

Eliminates the state auditor's ability to charge administrative expenses related to investment reporting back to reporting entities, with all costs borne by the Office of the State Auditor.