There's a new legislative session and with it new bills affecting our pension.
There's Bill HF4342 which if enacted will add a seat on the PERA Board for a CO. This is coming from MNCORA.
Bill HF4081 which if enacted will increase the high 5 multiplier for the PERA Correctional Pension from 1.9 to 2.2%.
And of course with a new session comes a new attempt by LELS to raid our pension and add 911 telecommunicators. If enacted the added cost could lower our funding ratio reducing the current Retiree cost of living adjustment (COLA) from the current 2.5% to 1.5%!
LELS Executive Director Jim Mortenson has been making the rounds trying to get other unions to support this. I have no idea why LELS would work to weaken the pension of Corrections Officers.
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| LELS Jim Mortenson |
We encourage everyone who is in the PERA Correctional Plan to join the Minnesota Correctional Officer Retirement Association (MNCORA). It is dues free!
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