Firefighter relief association; investment business recipient disclosure annual reporting requirement repealed.

HF 3278 repeals a reporting requirement for firefighter relief associations and certain pension plans. It removes Minnesota Statutes 2024, section 356A.06, subdivision 5, which previously mandated annual written disclosure of investment business recipients (like banks or brokers) to the public and the Legislative Commission on Pensions and Retirement. This specifically affects entities like the Bloomington Fire Department Relief Association, eliminating their obligation to file these annual reports. The bill makes no new policy changes but simplifies administrative requirements for covered pension plans.