Modifies employee and employer contributions to the Minnesota general employees retirement plan.
The bill modifies the employee and employer contributions to the Minnesota general employees retirement plan. It sets the employee contribution at 9.10 percent of salary for basic members and a percentage of salary plus any contribution rate adjustment for coordinated members. The employer contribution is also set at 9.10 percent of salary for basic members and a percentage of salary plus any contribution rate adjustment for coordinated members. The changes take effect on July 1, 2026.
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