Establishes the probation and telecommunicator retirement subplan under the Minnesota State Retirement System.

The bill establishes the probation and telecommunicator retirement subplan, administered by the Minnesota State Retirement System. It outlines provisions for calculating retirement annuities, including a mixed service approach for eligible employees. The bill also details procedures for changing employment titles, purchasing past service credit, and making additional contributions. It includes appropriations and fund transfers to offset employer pension contribution increases. The provisions are effective January 1, 2027.

Establishes the probation and telecommunicator retirement subplan under the Minnesota State Retirement System.

The bill establishes the probation and telecommunicator retirement subplan, administered by the Minnesota State Retirement System. It outlines provisions for calculating retirement annuities, including a mixed service approach for eligible employees. The bill also details procedures for changing employment titles, purchasing past service credit, and making additional contributions. It includes appropriations and fund transfers to offset employer pension contribution increases. The provisions are effective January 1, 2027.