1.1 A bill for an act
1.2 relating to retirement; Public Employees Retirement Association; adding a member
1.3 to the board of trustees who is a member of the local government correctional
1.4 service retirement plan; amending Minnesota Statutes 2024, section 353.03,
1.5 subdivision 1.
1.6BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.7 Section 1. Minnesota Statutes 2024, section 353.03, subdivision 1, is amended to read:
1.8 Subdivision 1.Management; composition; election.(a) The management of the Public
1.9Employees Retirement Association is vested in an 11-member a 12-member board of trustees
1.10consisting of ten 11 members and the state auditor.
1.11 (1) The state auditor may designate a deputy auditor with expertise in pension matters
1.12as the auditor's representative on the board.
1.13 (2) The governor shall appoint five trustees to four-year terms, one of whom shall be
1.14designated to represent school boards, one to represent cities, one to represent counties, one
1.15who is a retired annuitant, and one who is a public member knowledgeable in pension
1.16matters.
1.17 (3) The membership of the association, including recipients of retirement annuities and
1.18disability and survivor benefits, shall elect five six trustees for terms of four years. Of the
1.19six trustees elected by the membership, one of whom must be a member of the police and
1.20fire fund plan, one must be a member of the local government correctional service retirement
1.21plan, and one of whom must be a former member who met the definition of public employee
1.22under section 353.01, subdivisions 2 and 2a, for at least five years prior to terminating
1.23membership and who is receiving a retirement annuity or a member who receives a disability
1Section 1.
25-00932 as introduced12/04/24 REVISOR BD/KR
SENATE
STATE OF MINNESOTA
S.F. No. 1556NINETY-FOURTH SESSION
(SENATE AUTHORS: BAHR and Abeler)
OFFICIAL STATUSD-PGDATE
Introduction and first reading02/17/2025
Referred to State and Local Government 2.1benefit. Terms expire Except as provided in this subdivision, the trustees elected by the
2.2membership must be public employees and members of the association.
2.3 (b) The term of each member of the board of trustees expires on January 31 of the fourth
2.4year, and positions are vacant until newly elected members are seated. Except as provided
2.5in this subdivision, trustees elected by the membership of the association must be public
2.6employees and members of the association.
2.7 (b) (c) For seven days beginning October 1 of each year preceding a year in which an
2.8election is held, the association shall accept filings of candidates for the board of trustees.
2.9A candidate shall submit at the time of filing a nominating petition signed by 25 or more
2.10members of the association. No name may be withdrawn from nomination by the nominee
2.11after October 15. At the request of a candidate for an elected position on the board of trustees,
2.12the board shall provide a statement of up to 300 words prepared by the candidate to all
2.13persons eligible to vote in the election of the candidate. The board may adopt policies and
2.14procedures to govern the form and length of these statements and the timing and deadlines
2.15for submitting materials to be distributed to the eligible voters.
2.16 (c) (d) By January 10 of each year in which elections are to be held, the board shall
2.17distribute to the eligible voters the instructions and materials necessary to vote for the
2.18candidates seeking terms on the board of trustees. Eligible voters are the members, retirees,
2.19and other benefit recipients. No voter may vote for more than one candidate for each board
2.20position to be filled. A vote for more than one person for any position is void. No special
2.21marking may be used to indicate incumbents. Votes cast by using paper ballots mailed to
2.22the association must be postmarked no later than January 31. Votes cast by using telephone
2.23or other electronic means authorized under the board's procedures must be entered by the
2.24end of the day on January 31. The design of the voting response media must ensure that
2.25each voter's vote is secret.
2.26 (d) (e) A candidate who receives contributions, who makes expenditures in excess of
2.27$100, or who has given implicit or explicit consent for any other person to receive
2.28contributions or make expenditures in excess of $100 for the purpose of bringing about the
2.29candidate's election shall file a report with the campaign finance and public disclosure board
2.30disclosing the source and amount of all contributions to the candidate's campaign. The
2.31campaign finance and public disclosure board shall prescribe forms governing these
2.32disclosures. Expenditures and contributions have the meaning defined in section 10A.01.
2.33These terms do not include any distribution made by the association board on behalf of the
2.34candidate. A candidate shall file a report within 30 days from the day that the results of the
2.35election are announced. The Campaign Finance and Public Disclosure Board shall maintain
2Section 1.
25-00932 as introduced12/04/24 REVISOR BD/KR 3.1these reports and make them available for public inspection in the same manner as the board
3.2maintains and makes available other reports filed with it.
3.3 (e) (f) The secretary of state shall review and comment on the procedures defined by
3.4the board of trustees for conducting the elections specified in this subdivision, including
3.5board policies adopted under paragraph (b) (c).
3.6 (f) (g) The board of trustees and the executive director shall undertake their activities
3.7consistent with chapter 356A.
3.8 EFFECTIVE DATE.This section is effective the day following final enactment.
3Section 1.
25-00932 as introduced12/04/24 REVISOR BD/KR