Legislative Session number- 82

Bill Name: SF1322

Requiring the Minnesota state retirement system to establish the postretirement
health care savings plan for state employees; authorizing MSRS to contract with
public and private entities to provide investment services, recordkeeping,
benefit payments and other administrative functions; requiring contributions to
be determined through personnel policies or collective bargaining agreements and
to be held in trust for reimbursement of employee and dependent health related
expenses following retirement from state employment; specifying certain separate
account maintenance and investment options requirements; providing for the
reimbursement of health related expenses; authorizing fees; requiring MSRS to
establish a participant advisory committee for plan offerings and vendor
selection consultation purposes (ja)