HF 5040 Minnesota House · 2023-2024 Regular Session

Pensions supplemental budget bill.

This bill accelerates the normal retirement age for most teachers in the Teachers Retirement Association from 66 to 65, effective July 1, 2024, and reduces employee contribution rates for the St. Paul Teachers Retirement Fund Association for two years. It also extends the suspension of earnings limits for retired teachers returning to work, allows certain state college employees to join the teachers' pension plan, and implements changes to the volunteer firefighter retirement system based on state auditor recommendations. Additionally, the legislation modifies several other public pension plans by adjusting benefit formulas, contribution rates, and eligibility rules for various groups including correctional officers, firefighters, and workers on specific visas.
Bill status signed all 5 stages cleared
Introduction
Mar 2024
Committee Review
May 2024
House Passage
May 2024
Senate Passage
May 2024
Signed into Law
May 2024
Introduced Mar 20, 2024 Signed May 15, 2024
Floor votes · House May 1, 2024

How they voted

This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history

Actions timeline

Total actions
30
Key actions
9
Committee
5
Amendments
4
May 15, 2024
Signed into law
Governor's action Approval 05/15/24
executive
May 15, 2024
Introduced
Secretary of State, Filed 05/15/2024
lower
May 15, 2024
Signed into law
Governor approval 05/15/2024
executive
May 7, 2024
Lower · Passed
Bill was repassed as amended by the Senate
lower
May 7, 2024
Introduced
Motion to concur with Senate amendments
lower
May 7, 2024
Introduced
Returned from Senate with amendment
lower
May 6, 2024
Upper · Passed
Third reading Passed
upper
May 6, 2024
Introduced
Special Order: Amended
upper
May 2, 2024
Committee
Referred to Rules and Administration for comparison with SF4643, now on General Orders
upper
May 2, 2024
Introduced
Introduction and first reading
upper
May 2, 2024
Introduced
Received from House
upper
May 1, 2024
Lower · Passed
Bill was passed as amended
lower
May 1, 2024
Lower · Passed
Amended
lower
Apr 26, 2024
Lower · Passed
Committee report, to adopt as amended
lower
Apr 24, 2024
Lower · Passed
Committee report, to adopt and re-refer to Ways and Means
lower
Apr 24, 2024
Committee
Joint rule 2.03, Deadlines, re-referred to Rules and Legislative Administration
lower
Apr 24, 2024
Lower · Passed
Committee report, to adopt as amended and re-refer to Ways and Means
lower
Mar 20, 2024
Introduced
Introduction and first reading, referred to State and Local Government Finance and Policy
lower
1 primary · 5 co-sponsors

Sponsors