Minnesota State Retirement System; multiplier used to calculate the annuity amount for general state employees retirement plan increased; and postretirement adjustment increased for general state employees retirement plan, legislators retirement plan, and unclassified state employees retirement program.
Administrative changes made to statutes governing the retirement plans administered by the Public Employees Retirement Association, monthly salary threshold requirements clarified, 60-day requirement for filing an election with the association added, and other retirement provisions modified.