If you’re in the PERA Correctional Plan the PERA Board passed a recommendation to cap retiree COLA’s at 3%, reduce employee contributions to 6% and Employer Contributions to 9% at the February meeting.
MNPEA was among those consulted and supporting this change. Next stop is the Legislature.
Full recommendation here: https://www.mnpera.org/sites/default/files/tab-e–2026-legislative-agenda-2.12-correctional-plan.pdf