Minnesota SF3192 modifies the Public Employees Retirement Association's retirement plan, adjusting employer contributions and postretirement benefits.

Minnesota SF3192 amends the Public Employees Retirement Association's retirement plan by modifying the conditions under which additional employer contributions are repealed and increasing postretirement adjustments. The bill specifies that the additional employer contribution is repealed when the actuarial value of the assets of the general employees retirement plan equals or exceeds 98 percent of the actuarial accrued liability.

Minnesota SF3192 modifies the Public Employees Retirement Association's retirement plan, adjusting employer contributions and postretirement benefits.

Minnesota SF3192 amends the Public Employees Retirement Association's retirement plan by modifying the conditions under which additional employer contributions are repealed and increasing postretirement adjustments. The bill specifies that the additional employer contribution is repealed when the actuarial value of the assets of the general employees retirement plan equals or exceeds 98 percent of the actuarial accrued liability.