Minnesota HF4812 modifies St. Paul Teachers Retirement Fund Association provisions and increases pension adjustment revenue for Independent School.

Minnesota HF4812 modifies provisions for the St. Paul Teachers Retirement Fund Association, including employer contributions and postretirement adjustments. It increases the pension adjustment revenue for Independent School District No. 625 and appropriates money for the Department of Education. The bill specifies contribution rates for different periods and adjusts postretirement benefits for eligible members. Effective dates vary for different sections, with most changes taking effect in fiscal year 2027.

Minnesota HF4812 modifies St. Paul Teachers Retirement Fund Association provisions and increases pension adjustment revenue for Independent School.

Minnesota HF4812 modifies provisions for the St. Paul Teachers Retirement Fund Association, including employer contributions and postretirement adjustments. It increases the pension adjustment revenue for Independent School District No. 625 and appropriates money for the Department of Education. The bill specifies contribution rates for different periods and adjusts postretirement benefits for eligible members. Effective dates vary for different sections, with most changes taking effect in fiscal year 2027.