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Summary
The bill changes Minnesota law so that retirees of the public employees police and fire retirement plan receive a minimum 1% yearly increase, with higher adjustments if the federal Social Security COLA exceeds 2%. It also raises the State Patrol retirees' increase to 1.5% and allows newer retirees to begin receiving prorated adjustments after a shorter service period. These changes take effect on January 1, 2026.
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