Relating to retirement; allowing the state to automatically enroll participants in the state retirement deferred compensation plan with an opt out provision, requiring participating employers to provide necessary data to third-party administrators and permitting employers to provide participant data to facilitate electronic enrollment, requiring adherence to data privacy regulation, prohibiting third-party participant solicitation; modifying the definition of value for the state unclassified employees retirement plan, requiring use of a third-party record keeper selected by the Minnesota state retirement system (MSRS) board of directors to administer the unclassified program, requiring adherence to data privacy regulation, prohibiting MSRS and third-party participant solicitation, modifying investment options change of choice, accrual date, disability benefit annuity payment and prospectus distribution, transferring annuity reserves to the supplemental fixed interest account, removing the limit on annual total administrative fees
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