We are aware of emails going around that seem like they could be from MGEC board members or other MGEC people. They seem to be scraping contact information from our website to engage people with their nefarious websites. As always, please be careful of who you are responding to with particular attention to email addresses and websites. Make sure the domains are correct (.mgec.org, not a bit.ly or some such) and not suspicious. ... Read More >>
Newsletters
SAVE THE DATE
This year’s MGEC Annual Meeting and Golf Event are scheduled for MONDAY, SEPTEMBER 22nd. Like last year, we plan on having a 9-hole golf tournament with a shotgun start at 2pm at Oak Marsh Golf Course in Oakdale, MN. After the golf event, we will hold the Annual Meeting and Dinner at about 5:30pm. Come for the Golf Event, the Annual Meeting and Dinner, or both! Registration along with additional information coming soon. ... Read More >>
Bargaining Update
The results of the MGEC membership survey are in! We are now in the process of collating and analyzing the results to determine what our membership needs. To those FULL MGEC members who completed the survey, THANK YOU. Your voice is critical as we move forward. MGEC has notified both the State of Minnesota and the Bureau of Mediation Services (BMS) of our intent to begin negotiations. This is the first step in the bargaining process and lets the BMS know that bargaining is on the horizon, which can be helpful if we decide that we need to bring in a mediator to reach a settlement. It ... Read More >>
Health Insurance Bargaining
Unlike regular contract negotiations where each of the state’s unions negotiates their individual contracts with the State, the healthcare plans offered to employees are negotiated jointly in a coalition. Because having different healthcare plans for each collective bargaining group would lose economies of scale and be difficult to manage, this approach has been beneficial to state employees by using the leverage of a massive pool of insured people to achieve plan offerings that meet people’s needs and are fiscally prudent. Healthcare negotiations run in tandem with normal contract ... Read More >>
Scholarships
Do you have someone in your family studying in a STEM field? MGEC has several scholarships available: the Connie Mentor Memorial Scholarship and the Family Members Scholarship. Applications opened March 1st, and applications will be accepted through June 30th. ... Read More >>
Legislative Commission on Pensions and Retirement (LPCR) Update
The LPCR held its first meeting of the legislative session on March 11th. It called itself to order and the State’s pension managers made reports. The State Board of Investment had a return of 12.3% through the end of the last fiscal year ending in June. This brings value of the assets of the general employee fund to slightly over $18 billion which, balanced against future liabilities, means that the MSRS fund is 99.8% funded. In the last legislative session, the future assumed rate of return was reduced to 7% to account for potential future volatility in the market and to err on to a ... Read More >>