Minnesota Senate OKs Omnibus Retirement Bill; awaits passage in the House

Minnesota Senate OKs Omnibus Retirement Bill; awaits passage in the House

Pensions

The Minnesota Senate passed the Omnibus Retirement Bill (SF 545) Sunday night on a 67-0 vote. The bill awaits passage by the Minnesota House.

The Senate bill does not provide funding to cover the costs of the proposed employer contribution increases.

See www.mnmsba.org/Portals/0/Summary-OmnibusRetirementBill-2017.pdf to view a summary provided by the Legislative Commission on Pensions and Retirement.

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