Category Archives: Pensions

MSBA honors Sen. Rosen and Rep. O’Driscoll

MSBA recently presented Sen. Julie Rosen (Vernon Center) and Rep. Tim O’Driscoll (Sartell) with its “Outstanding Legislator of the Year” award for 2018. MSBA officials honored Sen. Rosen and Rep. O’Driscoll for their work during the 2018 legislative session on … Continue reading

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Minnesota Senate OKs 2018 pension bill

Courtesy of the Minnesota Teachers Retirement Association (TRA) The 2018 Omnibus Pension Bill passed out of the Minnesota Senate on a unanimous vote (66-0) on Monday, March 26. The bill will next proceed through various committees in the Minnesota House … Continue reading

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Minnesota Senate OKs Omnibus Retirement Bill; awaits passage in the House

The Minnesota Senate passed the Omnibus Retirement Bill (SF 545) Sunday night on a 67-0 vote. The bill awaits passage by the Minnesota House. The Senate bill does not provide funding to cover the costs of the proposed employer contribution … Continue reading

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Minnesota Legislative Pension Commission members announced

The Minnesota Legislative Commission on Pensions and Retirement has announced its appointments for 2017-2018. The Legislative Commission on Pensions and Retirement (sometimes referred to as the “Pension Commission”) is a bipartisan joint commission that considers pension and retirement-related legislation. The … Continue reading

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Teachers Retirement Association Board OKs legislative proposal despite concerns from MSBA

The Teachers Retirement Association (TRA) Board of Trustees approved a legislative proposal Wednesday, November 16, that would lower the annual cost-of-living adjustment (COLA) for retired teachers from 2 percent to 1 percent for 10 years and 1.5 percent thereafter. The … Continue reading

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Gov. Dayton vetoes Omnibus Pensions Bill

Gov. Mark Dayton vetoed the Omnibus Pensions Bill a few moments ago. In a letter sent today to Senate President Sandra Pappas, Gov. Dayton wrote: “I have vetoed and am returning Chapter 177, Senate File 588, the omnibus pension bill. The … Continue reading

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Pensions update — without addition state aid, legislative proposal too costly for school boards

Local school districts have two pension funds impacting school employees. The Teacher Retirement Association (TRA) covers school employees — including licensed staff, teachers, principals and superintendents. The Public Employees Retirement Association (PERA) covers non-licensed staff (custodians, food service, bus drivers, … Continue reading

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