MN HF1889

Expands refund repayment provisions to explicitly include the correctional state employees retirement plan, allowing members who received refunds from either the state employees or correctional retirement plans to repay them with interest

Restructures deferred annuity eligibility requirements to reference existing vesting standards in sections 352.115 and 352.925 rather than specifying years of service directly in the statute, effective retroactively from July 1, 2023

Modifies annual error reporting requirements by excluding routine corrections made in the ordinary course of business (overpayment corrections, annuity adjustments) and corrections already authorized under current law

Requires pension fund executive directors to submit annual reports by February 1 describing operational, demographic, eligibility, or plan document errors, including the method of correction and any associated costs

Administrative changes take effect the day following final enactment, except for deferred annuity provisions which apply retroactively to July 1, 2023