Minnesota SF5075: Early retirement reduction factors modification for annuity commencement before retirement age

What the bill says

A bill for an act relating to retirement; Teachers Retirement Association; modifying the early retirement reduction factors for annuity commencement before normal retirement age; increasing employer contributions; appropriating money; amending Minnesota Statutes 2025 Supplement, sections 126C.10, subdivision 37; 354.44, subdivision 6.

From the introduced text, April 10, 2026:

A bill for an act relating to retirement; Teachers Retirement Association; modifying the early retirement reduction factors for annuity commencement before normal retirement age; increasing employer contributions; appropriating money; amending Minnesota Statutes 2025 Supplement, sections 126C.10, subdivision 37; 354.44, subdivision 6. Section 1. Minnesota Statutes 2025 Supplement, section 126C.10, subdivision 37, is amended to read: Subd. 37. Pension adjustment revenue. (a) A school district's pension adjustment revenue equals the sum of: (1) the greater of zero or the product of: (i) the difference between the district's adjustment under Minnesota Statutes 2012, section 127A.50, subdivision 1, for fiscal year 2014 per adjusted pupil unit and the state average adjustment under Minnesota Statutes 2012, section 127A.50, subdivision 1, for fiscal year 2014 per adjusted pupil unit; and (ii) the district's adjusted pupil units for the fiscal year; and (2) the product of the salaries paid to district employees who were members of the Teachers Retirement Association and the St. Paul Teachers' Retirement Fund Association for the prior fiscal year and the district's pension adjustment rate for the fiscal year. The pension adjustment rate for Independent School District No. 625, St. Paul, equals 2.3 percent for fiscal year 2023, 2.5 percent for fiscal year 2024 and fiscal year 2025, and 3.25 percent for fiscal year 2026 and later. The pension adjustment rate for …

Read the full official text

Sponsors

• Jen McEwen (D) · primary sponsor

Latest actions

1. April 13, 2026: Referred to State and Local Government
2. April 13, 2026: Introduction and first reading

Common questions

What is SF5075?

SF5075 is a bill in the Minnesota Legislature (94th Legislature 2025-2026): Early retirement reduction factors modification for annuity commencement before retirement age.

What does SF5075 do?

In its own words: A bill for an act relating to retirement; Teachers Retirement Association; modifying the early retirement reduction factors for annuity commencement before normal retirement age; increasing employer contributions; appropriating money; amending Minnesota Statutes 2025 Supplement, sections 126C.10, subdivision 37; 354.44, subdivision 6.

What is the status of SF5075?

In committee as of April 13, 2026. Latest action: Referred to State and Local Government (April 13, 2026).

Who sponsored SF5075?

Jen McEwen (D).

Where is the official record for SF5075?

On the Minnesota Legislature website: https://www.revisor.mn.gov/bills/bill.php?f=SF5075&y=2025&ssn=0&b=senate