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LCPR recommends 2026 omnibus pension bill that eases contributions, funds para public safety and new probation/telecommunicator plans
Summary
The Legislative Commission on Pensions and Retirement voted May 5 to recommend passage of a 2026 omnibus pension and retirement bill that includes reduced employee contribution rates for some teacher and public safety plans, $8 million a year for para police and fire COLA changes, and $3 million in one‑time funding to soften contributions for probation officers and telecommunicators.
The Legislative Commission on Pensions and Retirement recommended passage of the 2026 omnibus pension and retirement bill on May 5, advancing a package of amendments that reduce contribution rates for some workers and provide targeted state aid to public safety and teacher plans.
Staff and fiscal analysts told the commission the assembled amendments would cost about $12.4 million in the current biennium and add roughly $12.78 million per year in the tails, for a total tails impact of $25.56 million. "This package of proposed amendments ... would amount to $12,400,000 in the current budget biennium, and then 12,780,000 each year of the tails for a total, tails hit of $25,560,000," Andrew Erickson of Senate Counsel, Research and Fiscal Analysis said.
Members approved a series of amendments that were folded into the omnibus bill. Among the key changes adopted were: a 16a amendment for the Saint Paul Teachers Retirement Association that reduces post‑June 30, 2026 employee contribution rates…
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