Early Retirement Incentive

Dec 7, 2020 9:59:31 AM

Topics: MMA News

Middle Management Association (MMA) has signed a Memorandum of Understanding (MOU) to allow for agencies to offer an Early Retirement Incentive (ERI) to supervisors.  Minnesota Management and Budget (MMB) has drafted MOUs for employees covered under the MSRS General Retirement Plan and those covered under the CERP Retirement Plan.  Please see attached for reference.

 

The MOUs need legislative action and have been submitted to the Subcommittee on Employee Relations (SER) who have 30 days to act.  If SER does not act, the MOUs will go into effect the first part of January 2021.

CERP Plan MOU

General Plan MOU