Minnesota HF2386 amends retirement statutes, clarifies salary thresholds, adds a 60-day election filing requirement, and modifies retirement.

Minnesota HF2386 makes administrative changes to retirement statutes, clarifying monthly salary threshold requirements and adding a 60-day requirement for filing an election with the Public Employees Retirement Association. It modifies provisions for city managers, elected officials, and other public employees, specifying who is eligible for retirement coverage and who is excluded. The bill also updates the method for correcting errors in pension plans and requires annual reporting on plan participation.

Minnesota HF2386 amends retirement statutes, clarifies salary thresholds, adds a 60-day election filing requirement, and modifies retirement.

Minnesota HF2386 makes administrative changes to retirement statutes, clarifying monthly salary threshold requirements and adding a 60-day requirement for filing an election with the Public Employees Retirement Association. It modifies provisions for city managers, elected officials, and other public employees, specifying who is eligible for retirement coverage and who is excluded. The bill also updates the method for correcting errors in pension plans and requires annual reporting on plan participation.