Minnesota SF1122 increases postretirement adjustments for public employees police and fire retirement plan and State Patrol retirement plan.

Minnesota SF1122 amends the postretirement adjustments for the public employees police and fire retirement plan and the State Patrol retirement plan. It increases the annual postretirement adjustment for these plans, effective January 1, 2026. The adjustment is based on the number of months the recipient has been receiving the annuity or benefit. The bill also allows recipients to opt out of the automatic increase by filing written notice with the executive director of the applicable retirement plan.

Minnesota SF1122 increases postretirement adjustments for public employees police and fire retirement plan and State Patrol retirement plan.

Minnesota SF1122 amends the postretirement adjustments for the public employees police and fire retirement plan and the State Patrol retirement plan. It increases the annual postretirement adjustment for these plans, effective January 1, 2026. The adjustment is based on the number of months the recipient has been receiving the annuity or benefit. The bill also allows recipients to opt out of the automatic increase by filing written notice with the executive director of the applicable retirement plan.