The Senate just approved the pension bill (SF 3) with a vote of 34 to 30. Most of the debate on the bill centered on the controversial preemption language contained in the bill which the governor opposes. Sen. Scott Dibble (D-Minneapolis) offered an amendment to remove the contentious preemption language, but that amendment failed by a vote of 30 to 32. SF 3, if it progresses, would next move to the House for consideration.
SF 3 does not contain the TRA funding stability provisions but it does include TRA’s administrative provisions. The stability provisions and funding for the other systems (MSRS, PERA P&F and SPTRFA) are included in the bill. The bill also contains labor-related provisions such as ratifying parental leave in the various state labor contracts. It also contains the controversial local preemption provision that bars local governments from adopting local ordinances governing wages and benefits provided by private employers. The governor previously vetoed the preemption bill and last night issued a statement indicating he intends to veto the pension/preemption bill. We will keep you posted if there is further action on this bill.
Courtesy of Laurie Fiori Hacking, Executive Director, Minnesota Teachers Retirement Association