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 completing 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 an increase in contributions set to begin on January 1, 2026.

Additionally, the bill amends several sections of the Minnesota Statutes to incorporate these changes, including the addition of new subdivisions that outline the definitions and retirement benefits specific to probation agency employees. The effective dates for these changes are primarily set for January 1, 2026, with certain retirement annuity provisions taking effect on January 1, 2028. Overall, the bill seeks to provide better retirement options for probation agency employees while adjusting their contribution rates to align with these benefits.

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