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MN HF1678
Bill
Status
2/25/2021
Primary Sponsor
Cheryl Youakim
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AI Summary
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Extends state aid to local governments for funding increased employer contributions to the Public Employees Retirement Association, replacing the previous June 30, 2020 termination date
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Aid continues until the earlier of two conditions: (1) the last day of the fiscal year following the fiscal year when the general employees retirement plan's actuarial asset value first equals or exceeds its actuarial accrued liabilities, or (2) June 30, 2048
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Amends Minnesota Statutes 2020, section 273.1385, subdivision 4
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Effective the day following final enactment
Legislative Description
Public Employees Retirement Association; state aid extended to local governments to fund increased employer contributions.
Last Action
Referred by Chair to Property Tax Division
3/1/2021