Legislative Session number- 82

Bill Name: HF3127

hf3127 FIFTH ENGROSSMENT Pensions; police, firefighter, teacher, and other
public pension plan and retirement provisions modified and clarified. ARTICLE 1
LOCAL POLICE AND PAID FIRE RELIEF ASSOCIATION GOVERNING LAW CLARIFICATION
Section 1: Police and firefighters' relief association guidelines act modified.
Sec. 2: Language updated. Sec. 3: Language updated. Sec. 4: Statutory references
removed. Sec. 5: Statutory references removed. Sec. 6: Technical language
modified. Sec. 7: Application to Bloomington firefighters relief association
provided. Sec. 8: Revisor instructions provided. Sec. 9: Repealer. Sec. 10:
Effective date. ARTICLE 2 RETIREMENT PLAN ALLOWABLE SERVICE CREDIT FOR STRIKE
PERIODS Section 1: "Allowable service" definition modified. Sec. : Conforming
change to section 1. Sec. 3: Conforming change to section 1. Sec. 4: Effective
date. ARTICLE 3 PERA MEMBERSHIP ELIGIBILITY AND SERVICE CREDIT PRORATION Section
1: Included public employees specified. Sec. 2: Excluded employees clarified.
Sec. 3: "Termination of membership" definition modified. Sec. 4: "Allowable
service" definition modified. Sec. 5: Reduced salary during period of workers'
compensation provided. Sec. 6: Employer reporting requirements reduced. Sec. 7:
Employer reporting requirements reduced. Sec. 8: Pension coverage not only
limited to full time officers. Sec. 9: Repealer. Sec. 10: Application specified.
Sec. 11: Effective date. ARTICLE 4 PERA LOCAL GOVERNMENT CORRECTIONAL RETIREMENT
PLAN MODIFICATIONS Section 1: Retirement coverage specified. Sec. 2: Medical
center protection officer defined. Sec. 3: Correctional service plan
contributions specified. Sec. 4: Effective date modified. Sec. 5: Repealer. Sec.
6: Effective date.ARTICLE 5 PENSION COVERAGE FOR PRIVATIZED PUBLIC
HOSPITALSSection 1: "Medical facility" definition modified. Sec. 2: Effective
date.ARTICLE 6 CLOSED CHARTER SCHOOL UNPAID RETIREMENT CONTRIBUTIONSSection 1:
"Teacher" definition modified. Sec. 2: Conforming changes. Sec. 3: Supplemental
administrative expenses scope expanded. Sec. 4: State payment of certain unpaid
charter school retirement contributions provided. Sec. 5: Continuing recovery
authority detailed. Sec. 6: Effective date.ARTICLE 7 TEACHER RETIERMENT PLANS
SERVICE CREDIT PURCHASE DEADLINE EXTENSIONSection 1: Repealer modified. Sec. 2:
Effective date modified. Sec. 3: Expiration date extended. Sec. 4: Effective
date.ARTICLE 8 RECODIFICATION OF SOCIAL SECURITY COVERAGE PROVISIONSSection 1:
Language updated. Sec. 2: Constitutional officer defined. Sec. 3: Director
defined. Sec. 4: Duluth teacher defined. Sec. 5: Educational employee defined.
Sec. 6: Employee defined. Sec. 7: Employee tax defined. Sec. 8: Employment
definition modified. Sec. 9: Federal Insurance Contributions Act definition
modified. Sec. 10: Governmental employer defined. Sec. 11: Higher education
employees defined. Sec. 12: Hospital employee defined. Sec. 13: Judge defined.
Sec. 14: Legislator defined. Sec. 15: Local governmental subdivision defined.
Sec. 16: Minneapolis teacher defined. Sec. 17: Political subdivision defined.
Sec. 18: Public employee defined. Sec. 19: Public hospital defined. Sec. 20: St.
Paul teacher defined. Sec. 21: Secretary of health and human services definition
modified. Sec. 22: Social security act definition modified. Sec. 23: Special
authority or district defined. Sec. 24: Special authority or district employee
defined. Sec. 25: State employee defined. Sec. 26: Wages defined. Sec. 27:
Agreements modified. Sec. 28: Employer and employee contribution regulations
clarified. Sec. 29: Reimbursement by employing units required. Sec. 30: Reports
required. Sec. 31: Proceeds of special benefit taxes uses specified. Sec. 32:
Rules modified. Sec. 33: Policy declaration modified. Sec. 34: Social Security
Act application modified. Sec. 35: Division of retirement plans provided. Sec.
36: Repealer. Sec. 37: Effective date.ARTICLE 9 PUBLIC PENSION PLAN ACTUARIAL
ASSUMPTION REVISIONSSection 1: Technical details provided. Sec. 2: Effective
date.ARTICLE 10 AUTHORIZATION OF ADDITIONAL SUPPLEMENTAL RETIREMENT PLANSSection
1: Plumbers and pipefitters pension fund exemption provided. Sec. 2: Local
governmental pension fund prohibitions and exclusions modified. Sec. 3:
Ratification and validation of certain past actions provided. Sec. 4: Effective
date.ARTICLE 11 GENERAL RETIREMENT LAW REORGANIZATION AND RECODIFICATION PUBLIC
RETIREMENT PLAN PURPOSESection 1: Language updated. Sec. 2: Language updated.
Sec. 3: Covered public pension plans and funds provided.Secs. 4-6: "Shall"
changed to "must." Sec. 7: "Current assets" definition modified, plan detailed.
Sec. 8: "Shall" changed to "must." Sec. 9: Other language updated. Sec. 10:
Language clarified. Sec. 11: Technical statutory references updated. Sec. 12:
"Shall" changed to "must." Sec. 13: Conforming changes, language modernized.
Sec. 14: Vendor restrictions modified.Secs. 15-21: Technical language
modifications. Sec. 22: Retirement benefit formula percentages provided. Sec.
23: Covered retirement plans provided. Sec. 24: Date for payment of annuities
and benefits modified. Sec. 25: Intent provided. Sec. 26: Combined payment of
retirement annuities provided. Sec. 27: Loss of entitlement to benefits for
survivor causing death of pension plan member regulations established. Sec. 28:
Restoration regulations upon termination of remarriage established. Sec. 29:
Language updated. Sec. 30: Post retirement adjustment detailed and lump sum
payments provided. Sec. 31: Lump-sum payments provided. Sec. 32: Lump-sum
postretirement and supplemental payments converted to an increased monthly
annuity. Sec. 33: Partial payment of pension plan refund allowed. Sec. 34:
Repayment of refunds regulated. Sec. 35: Application for retirement annuity and
procedure for electing annuity form established. Sec. 36: Supplemental needs
trust as optional annuity form recipient regulations provided. Sec. 37:
Disposition of amount in excess of reemployed annuitant earnings limitations
regulations established. Sec. 38: Provision of information in the event of
marriage dissolution required. Sec. 39: Language updated.Secs. 40-44: Conforming
changes, language updated, and statutory references modified. Sec. 45:
Limitation on use of public pension plan assets provided. Sec. 46: Real estate
investment regulations provided. Sec. 47: Technical. Sec. 48: Technical. Sec.
49: Technical. Sec. 50: Public pension administration legislation established.
Sec. 51: Public pension facilities provided. Sec. 52: Cross reference changes
provided. Sec. 53: Repealer. Sec. 54: Effective date.ARTICLE 12 JOINT RETIREMENT
PLAN BUILDING LEASE AUTHORITYSection 1: Leasing to private company allowed. Sec.
2: Effective date.ARTICLE 13 VOLUNTEER FIREFIGHTER RELIEF ASSOCIATIONS SERVICE
PENSION ELIGIBILITYSection 1: Authorization exceptions provided.ARTICLE 14
ADDITIONAL PROVISIONSSection 1: Voluntary unpaid leave of absence required. Sec.
2: Clarification of appropriation provided. Sec. 3: Public employees police and
fire plan recision of annuity application regulations established. Sec. 4:
MSRS-general accelerated optional annuity form provided. Sec. 5: Prior
out-of-state teaching service credit purchase by public employee retirement
association member eligibility provided. Sec. 6: Conversion of monthly annuity
to lump-sum payment authorized and eligibility requirements provided. Sec. 7:
PERA and MSRS service credit purchase authorized. Sec. 8: Prior service credit
purchase refund authorized. Sec. 9: PERA-P F exception to disability application
deadline provided. Sec. 10: Effective date.ARTICLE 15 COORDINATED PROGRAM OF
LEGISLATORS RETIREMENT PLAN; SOCIAL SECURITY REFERENDUMSection 1: Coordinated
program of legislators retirement plan established. Sec. 2: Second social
security referendum provided.ARTICLE 16 MINNEAPOLIS POLICE OPTIONAL
ANNUITIESSection 1: Optional annuities modified. Sec. 2: Effective date.AE