Minnesota News

 Minnesota teachers fundraise for forensic audit of TRA (Minnesota Center for Fiscal Excellence, blog post, 4/2024)

"Minnesota educators are concerned that the Teacher Retirement Association (TRA), the body that manages the statewide educator pension system, has mishandled employee contributions."
"Our prediction right now is that this is going to turn up absolute bupkis, and that teachers contributing to this fund are wasting their money….the idea that state pension asset management is a quagmire of inexperience, excessive and hidden fees, conflicts of interest, political shenanigans, and general asset management malfeasance – the types of things that seem to be this attorney’s specialty --is ridiculous." Read more...

  Revenue explains new subtraction for public pension income (MN DOR)

The Minnesota Department of Revenue published a document on Public Pension Subtraction, last updated March 21, 2024. Information is available on the pension plans that qualify, income limitations for the subtraction, determining benefits for the subtraction, and determining eligibility for benefits if you are receiving Social Security benefits. Read more...

Post-traumatic stress disorder study

During the 2023 legislative session, the Minnesota Legislature passed House File 2988, which requires the Department of Labor (DLI) to conduct a comprehensive study about work-related post-traumatic stress disorder (PTSD) in the workers' compensation system. It will be completed by Aug. 1, 2025. Read more...