General employees retirement plan employee and employer contributions modification

Summary

The bill changes the percentage of salary that both employees and employers must contribute to Minnesota's General Employees Retirement Plan. It keeps the 9.10% rate for basic members, updates coordinated member rates, and introduces a 5.5% employee and 7.5% employer rate for school employees beginning July 1, 2026. These contributions are taken from salary and employer funds as defined in existing statutes.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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