Minnesota SF4767: Phase in shorter vesting schedules for defined contribution and defined benefit firefighters relief associations

What the bill says

A bill for an act relating to retirement; firefighters relief associations; phasing in shorter vesting schedules for defined contribution and defined benefit firefighters relief associations; amending Minnesota Statutes 2024, sections 424A.016, subdivision 3; 424A.02, subdivision 2.

From the introduced text, March 23, 2026:

A bill for an act relating to retirement; firefighters relief associations; phasing in shorter vesting schedules for defined contribution and defined benefit firefighters relief associations; amending Minnesota Statutes 2024, sections 424A.016, subdivision 3; 424A.02, subdivision 2. Section 1. Minnesota Statutes 2024, section 424A.016, subdivision 3, is amended to read: Subd. 3. Vesting schedule. new text begin [ADDED: (a) ] new text end If the articles of incorporation or bylaws of a defined contribution relief association provide a vesting schedule that satisfies the requirements of this subdivision, the relief association may pay a reduced service pension to a retiring member. For purposes of this section, "vests," "vesting," or "vested" means a nonforfeitable, unconditional, or legally enforceable right. A member vests in the member's account in accordance with the vesting schedule set forth in the relief association's articles of incorporation or bylaws. Provided a member meets the minimum age and service requirements of subdivision 2, the member is entitled to a service pension equal to the member's account, but only to the extent vested as provided in the vesting schedule set forth in the articles of incorporation or bylaws. deleted text begin In no event may the articles of incorporation or bylaws: deleted text end deleted text begin (1) require that a member have more than 20 years of active service to …

Read the full official text

Sponsors

• Judy Seeberger (D) · primary sponsor
• Jeff Howe (R)

Latest actions

1. April 16, 2026: Author added Howe
2. March 25, 2026: Referred to State and Local Government
3. March 25, 2026: Introduction and first reading

Common questions

What is SF4767?

SF4767 is a bill in the Minnesota Legislature (94th Legislature 2025-2026): Phase in shorter vesting schedules for defined contribution and defined benefit firefighters relief associations.

What does SF4767 do?

In its own words: A bill for an act relating to retirement; firefighters relief associations; phasing in shorter vesting schedules for defined contribution and defined benefit firefighters relief associations; amending Minnesota Statutes 2024, sections 424A.016, subdivision 3; 424A.02, subdivision 2.

What is the status of SF4767?

In committee as of April 16, 2026. Latest action: Author added Howe (April 16, 2026).

Who sponsored SF4767?

Judy Seeberger (D), with 1 co-sponsor.

Where is the official record for SF4767?

On the Minnesota Legislature website: https://www.revisor.mn.gov/bills/bill.php?f=SF4767&y=2025&ssn=0&b=senate