Agenda - Council Work Session - 08/25/2026

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Legislative Commission On Pensions and Retirement Staff Bill Summary 2026 Omnibus Pension and Retirement Bill: HF 4074 (Frentz; Lillie), 3rd Engrossment, enacted as Laws 2026, Chapter 106 Prepared by: Susan Lenczewski, Executive Director Date: June 1, 2026 Aleena Wilson, Analyst Introduction HF 4074 (Frentz; Lillie), the Third Engrossment, enacted as Chapter 106, is the 2026 Omnibus Pension and Retirement Bill. The bill is a compilation of 17 bills and amendments offered and approved by the Legislative Commission on Pensions and Retirement (Commission) and, as the bill moved onto passage, in Senate and House committees, and on the House floor. The bill was approved as S4276-DE1, a delete everything amendment to SF 4276 (Frentz); HF 4074 (Lillie), and further amended by the Commission at its final meeting of the session on May 5, 2026. Before and after the final Commission meeting of the session, the bill moved through the legislative process as follows: • HF 4074 (Lillie) was amended and passed by the House State Government Finance and Policy Committee on April 16, 2026. • HF 4074, 1st Engrossment, was amended and passed by the House Ways and Means Committee on May 7, 2026. • SF 4276 (Frentz) was amended and passed by the Senate State and Local Government Committee on May 7, 2026. • SF 4276, 1st Engrossment, was amended and passed by the Senate Finance Committee on May 12, 2026. • HF 4074, 2nd Engrossment, was amended and passed by the House on May 13, 2026, on a 129-5 vote. • HF 4074, 3rd Engrossment, was passed by the Senate on May 15, 2026, on a 57-9 vote. • HF 4074, 3rd Engrossment, was signed by the Governor on Tuesday, May 19, 2026, as Chapter 106. A more detailed summary of each bill is available on the Commission website. Legislative Commission on Pensions and Retirement www.lcpr.mn.gov 1 651-296-2750 1 Centennial Office Building, 658 Cedar Street, 1st Floor I St. Paul, MN 55155