Pensions provisions modification

SF 3467 makes technical updates to Minnesota's pension and retirement laws to improve administrative clarity and efficiency. It revises provisions for the Legislative Commission on Pensions and Retirement, adjusts annual funding requirements for the statewide volunteer firefighter plan, and repeals outdated reporting rules for the State Board of Investment. The bill does not change benefit levels or eligibility for retirement programs but streamlines how pension systems are managed and reported. These updates modernize existing administrative processes without altering core retirement benefits for state employees and firefighters.