This bill amends current unemployment insurance laws in Minnesota by clarifying that the acceptance of certain offers of deferred resignation does not count as a voluntary quit from employment. Specifically, it states that if an employer offers an employee a deferred resignation and the employee accepts it between January 27, 2025, and February 13, 2025, the employee will still be eligible for unemployment benefits as outlined in Minnesota Statutes, section 268.095, subdivision 10.

Additionally, the bill includes a provision that makes this change effective retroactively from January 27, 2025. This retroactive application ensures that individuals who accept deferred resignations during the specified timeframe will not be penalized in terms of their unemployment benefits.