Minnesota SF2000 modifies Teachers Retirement Association provisions, including annuity adjustments, early retirement reductions, and employer.

Minnesota SF2000 amends Teachers Retirement Association provisions by allowing an unreduced retirement annuity for members reaching age 60 with 30 years of service. It modifies early retirement reduction factors and increases postretirement adjustments, removing the delay for members retiring before normal retirement age. The bill also raises employer contributions and appropriates funds for increased pension contributions to the Teachers Retirement Association. Effective dates vary, with most changes taking effect July 1, 2025.

Minnesota SF2000 modifies Teachers Retirement Association provisions, including annuity adjustments, early retirement reductions, and employer.

Minnesota SF2000 amends Teachers Retirement Association provisions by allowing an unreduced retirement annuity for members reaching age 60 with 30 years of service. It modifies early retirement reduction factors and increases postretirement adjustments, removing the delay for members retiring before normal retirement age. The bill also raises employer contributions and appropriates funds for increased pension contributions to the Teachers Retirement Association. Effective dates vary, with most changes taking effect July 1, 2025.