This bill aims to enhance retirement benefits for probation agency employees in Minnesota by authorizing an unreduced early retirement annuity for those who meet specific age and service requirements. It defines "probation agency employee" and establishes that these employees are entitled to a normal retirement annuity without reduction upon separation from service after reaching age 60 or with at least 35 years of service. The bill also introduces new provisions regarding employee contributions, specifying that contributions for probation agency employees will differ from those of other members, with specific percentages to be determined.

Additionally, the bill increases employee contributions for probation agency employees starting January 1, 2026, and amends several sections of the Minnesota Statutes to reflect these changes. The effective dates for the new provisions regarding the definition of probation agency employees and the changes to employee contributions are set for January 1, 2026, while the provisions related to the unreduced early retirement annuity will take effect on January 1, 2028.

Statutes affected:
Introduction: 352.01, 352.04, 352.116, 353.01, 353.27, 353.30