MN HF2386

Clarifies that mandatory PERA membership applies when an employee's salary is "expected to exceed" $425 per month, rather than when it actually exceeds that threshold, with the expectation determined in advance of employment

Requires elected or appointed public officials who wish to elect PERA coverage to complete and sign a membership election form within 30 days of taking office and file it with the association within 60 days

Extends the deadline for city managers to file elections for exclusion from PERA membership from 30 days to 60 days after commencing employment, with contribution refunds adjusted accordingly

Applies the increased 2.2% benefit multiplier (up from 1.9%) for local government correctional retirement plan members who qualify for duty disability benefits for service years beginning after June 30, 2025

Streamlines error correction authority for pension fund executive directors by removing specific categories of errors from statute and clarifying that corrections apply to errors "by" a pension fund in plans it administers