Introduction and first reading, referred to State Government Finance and Policy
Summary
It requires plan administrators or vendors to give participants an annual statement that lists all fees and shows past returns for each investment fund. It also sets how public employers can match employee contributions, including matching for qualified student‑loan payments, and clarifies which employees may be covered. The changes apply to Minnesota deferred compensation, tax‑sheltered annuity, and 457(b) plans for state agencies, school districts, and other government entities.
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