2015-Mid-SessionUpdate-PENSIONS-300x300

Pensions

VETOED: 2016 Omnibus Retirement Bill The 2016 Omnibus Retirement Bill included a one-year COLA reduction for TRA and MSRS retirees, repealed an automatic COLA trigger, increases employee and employer contributions for St. Paul TRFA, aligns rate of return assumptions at 8% for all plans, and contained various retirement policy provisions approved by the Legislative Commission […] Read more

2015-Mid-SessionUpdate-PENSIONS-300x300

Pensions

Omnibus Retirement Bill The Legislative Commission on Pensions and Retirement (LCPR) is a bipartisan commission tasked with creating an omnibus retirement bill each session and delving into additional state pension issues throughout the interim. The rate of return assumption is the assumed annual investment return for each of the pension plans based on historical market […] Read more