by MNPEA

Happy New Year

December 29, 2017 in MNPEA News by MNPEA

MNPEA WISHES YOU A HAPPY AND SAFE NEW YEAR!

HAPPY 2018

 

by MNPEA

PERA Correctional Plan meeting

December 26, 2017 in MNPEA News by MNPEA

On December 19th, MNPEA Vice President Tom Perkins and Hennepin County Detention Deputy/MNPEA Retiree Wade Laszlo met with PERA Executive Director Doug Anderson.

MNPEA’s members are very appreciative of Doug Anderson’s time over this.

The topic was proposed changes to the PERA Correctional Pension.
Last session there was a proposal by Rep. O’Driscoll and Sen. Rosen to eliminate the 2.5% COLA (Cost of Living Adjustment) in favor of a 1% COLA with a 1.5% cap based on CPI (inflation).

Current law provides a 2.5% COLA as long as the fund is at least 90% funded. Currently it is 95.7% funded.

It is unclear if the vetoed O’Driscoll/Rosen Bill or a similar Bill will resurface this session, or if there will even be a session.

While the legislature makes the law, it was thought important to meet with PERA to have input into their recommendations.

PERA Executive Director Doug Anderson is revising his recommendation to the PERA Board to include a second proposal:

*Change current COLA to 100% of CPI, 1% floor, 2.5% cap (currently a fixed 2.5%).

This will mirror the current COLA benefit in place.

 

The MNPEA Board will meet and discuss a response.

by MNPEA

Because Things Happen

December 22, 2017 in MNPEA News by MNPEA

Just a friendly reminder. Because sometimes things happen, MNPEA members enjoy on and off duty legal protection for them and their spouses. All included in the low $39.00 monthly dues.

by MNPEA

MERRY CHRISTMAS

December 20, 2017 in MNPEA News by MNPEA

MERRY CHRISTMAS TO ALL OF YOU AND YOUR FAMILIES!

 

FROM THE MINNESOTA PUBLIC EMPLOYEES ASSOCIATION