St. Paul Teachers Retirement Fund Association provisions modified, Independent School District No. 625 pension adjustment revenue increased, and money appropriated.

Summary

The legislation revises how pension‑adjustment revenue is calculated, raising the rate for Independent School District No. 625 and setting caps on total state revenue. It also updates employee contribution percentages for basic and coordinated retirement programs and requires employers to make regular contributions for coordinated members of the St. Paul Teachers Retirement Fund Association. These changes affect teachers, school districts, and the retirement fund’s financing.

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