SF 5182

03/16/26  REVISOR  TW/EH  26-08018  as introduced
  SENATE
  STATE OF MINNESOTA
  NINETY-FOURTH SESSION  S.F. No. 5182
  (SENATE AUTHORS: MOHAMED)
  DATE       D-PG  OFFICIAL STATUS
  04/20/2026      8523 Introduction and first reading
  Referred to State and Local Government
1.1A bill for an act
1.2relating to pensions; modifying employee and employer contributions to the general
1.3employees retirement plan; amending Minnesota Statutes 2024, section 353.27,
1.4subdivisions 2, 3.
1.5    BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6Section 1. Minnesota Statutes 2024, section 353.27, subdivision 2, is amended to read:
1.7Subd. 2. General employees retirement plan; employee contribution. (a) For a basic
1.8    member of the general employees retirement plan of the Public Employees Retirement
1.9    Association, the employee contribution is 9.10 percent of salary. For a coordinated member
1.10   of the general employees retirement plan of the Public Employees Retirement Association,
1.11   the employee contribution is the following percentage of salary plus any contribution rate
1.12   adjustment under subdivision 3b:
1.13Effective after December 31, 2010  6.25
1.14Effective January 1, 2015  6.5
1.15For school employees:
1.16Effective July 1, 2026  5.5
1.17(b) These contributions must be made by deduction from salary as defined in section
1.18   353.01, subdivision 10, in the manner provided in subdivision 4. If any portion of a member's
1.19   salary is paid from other than public funds, the member's employee contribution must be
1.20   based on the total salary received by the member from all sources.
Section 1.  1
 03/16/26  REVISOR  TW/EH  26-08018  as introduced
2.1    Sec. 2. Minnesota Statutes 2024, section 353.27, subdivision 3, is amended to read:
2.2      Subd. 3. General employees retirement plan; employer contribution. (a) For a basic
2.3  member of the general employees retirement plan of the Public Employees Retirement
2.4  Association, the employer contribution is 9.10 percent of salary. For a coordinated member
2.5  of the general employees retirement plan of the Public Employees Retirement Association,
2.6  the employer contribution is the following percentage of salary plus any contribution rate
2.7  adjustment under subdivision 3b:
2.8Effective after December 31, 2010  6.25
2.9Effective January 1, 2015  6.5
2.10For school employees:
2.11Effective July 1, 2026  7.5
2.12     (b) This contribution must be made from funds available to the employing subdivision
2.13 by the means and in the manner provided in section 353.28.
 Sec. 2.  2