2025 Session Information
The 2025 Minnesota legislative regular session began on January 14, 2025 and ended on May 19, 2025. A special session began on June 9, 2025 and ended on June 10, 2025 to pass the state budget.
The 2025 Omnibus Pension and Retirement Bill was signed into law by the Governor on May 23, 2025 as Session Laws 2025, Chapter 37.
MSRS Plan Provisions
General Employees Retirement Plan
The benefit calculation multiplier is 1.9% per year for service beginning July 1, 2025. Beginning January 1, 2026, retirees annually receive a 1.75% fixed post-retirement increase. The benefit increases will be paid for by existing contributions and plan funding.
State Patrol Retirement Plan
Beginning January 1, 2026, retirees annually receive a 1.25% fixed post-retirement increase. The benefit increase will be paid for by an annual appropriation of $2.3 million per year through 2048.
New Work Group for Probation Officers and 911 Telecommunicators
A work group was established to consider a new retirement plan for public-safety-adjacent positions, such as probation officers and 911 telecommunicators. This work group must complete their recommendations by January 2026.
Amortization Methodology
The bill implemented a modern amortization methodology for all Minnesota public pension plans. The proposed policy was the result of an amortization work group.