Docket Room
SF 4860·MN·senate

Pension adjustment revenue increase for Independent School District No. 625

In CommitteeFiled Mar 25, 2026
Sponsor: Pappas
Latest Action

Referred to State and Local Government

Mar 25, 2026

Summary

The legislation increases the pension adjustment revenue rate for Independent School District No. 625, setting it at 3.25% for fiscal year 2026 and 5.95% for fiscal year 2027 and beyond. It also revises employee contribution percentages for both basic and coordinated retirement programs and clarifies employer contribution requirements. The changes affect teachers, school districts and the state agency that distributes pension adjustment funds.

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