Minnesota HF708 amends the Public Employees Retirement Association board of trustees to include a member from the local government correctional.

Minnesota HF708 amends the Public Employees Retirement Association board of trustees to include a member from the local government correctional service retirement plan. The bill specifies that the management of the association is vested in a 12-member board of trustees, consisting of ten members and the state auditor. The governor appoints five trustees, one of whom must represent the local government correctional service retirement plan. The membership of the association elects six trustees for four-year terms, with specific representation requirements.

Minnesota HF708 amends the Public Employees Retirement Association board of trustees to include a member from the local government correctional.

Minnesota HF708 amends the Public Employees Retirement Association board of trustees to include a member from the local government correctional service retirement plan. The bill specifies that the management of the association is vested in a 12-member board of trustees, consisting of ten members and the state auditor. The governor appoints five trustees, one of whom must represent the local government correctional service retirement plan. The membership of the association elects six trustees for four-year terms, with specific representation requirements.