Work group considers MSRS subplan for probation officers and 911 telecommunicators after cost estimates
A Legislative Commission on Pensions and Retirement work group reviewed MSRS deferred‑comp options, proposed subplan design choices (multiplier, retirement age, COLA) and actuarial cost illustrations that show notable contribution increases for affected employees and potential transition costs for the general plan.
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A Legislative Commission on Pensions and Retirement work group spent the day reviewing proposals to create a Minnesota State Retirement System (MSRS)‑administered subplan for probation officers and 911 telecommunicators and assessing the financial tradeoffs of moving those employees out of the existing general plan.
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