MN HF3278

Repeals Minnesota Statutes section 356A.06, subdivision 5, which required pension plans to annually disclose recipients of investment business and commissions paid to banks, investment bankers, and brokerage firms

Eliminates the requirement for covered pension plans and the State Board of Investment to prepare disclosure documents within 60 days after fiscal year close and make them available for public inspection

Removes the mandate to file these investment business recipient disclosures with the Legislative Commission on Pensions and Retirement within 90 days after fiscal year close

Affects firefighter relief associations governed by sections 424A.091 to 424A.096, the Bloomington Fire Department Relief Association, the State Board of Investment, and St. Paul Teachers Retirement Fund Association