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MN HF4272
Bill
Status
3/12/2026
Primary Sponsor
Bjorn Olson
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AI Summary
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Amends Minnesota Statutes section 354.44, subdivision 9, governing how Teachers Retirement Association (TRA) retirement annuities are calculated for deferred vested members
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Requires former teachers who return to covered service after termination to earn at least one-half year of credited service to qualify for improved benefits from law changes enacted after their termination
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Allows members who terminated teaching service before June 30, 2025, to elect a retirement annuity calculated using a normal retirement age of 65 under the formula in effect on July 1, 2025
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Removes the requirement for these pre-June 2025 terminated members to return to covered service to access the age-65 calculation option
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Effective the day following final enactment
Legislative Description
Election of a member's retirement annuity for deferred vested members modified.
Last Action
Introduction and first reading, referred to State Government Finance and Policy
3/12/2026