Legislative Session number- 82

Bill Name: SF2984

E Relating to retirement ARTICLE 1 - LOCAL POLICE AND PAID FIRE RELIEF
ASSOCIATION GOVERNING LAW CLARIFICATIONClarifying certain provisions applicable
to the remaining local police and paid firefighters relief associations;
clarifying the conditioned municipal support for police and firefighters relief
associations, specifying the local relief associations covered under the police
and firefighters relief association guidelines act (Bloomington firefighters,
Fairmont police, Minneapolis firefighters and police and Virginia firefighters)
and recodifying the provision providing for the application of other laws to
contribution rate; providing for the continued application of certain provisions
to the Bloomington firefighters relief association; specifying certain
denotation and cross reference replacement instructions to the revisor of
statutes; repealing certain obsolete police and fire pension provisions relating
to first and second class city fire and police and third class city police
relief associations and fire and police department aid and local laws governing
the Albert Lea fire and police, Anoka police, Austin fire and police,
Bloomington police, Brainerd police, Brooklyn Center police, Buhl police,
Chisholm fire and police, Cloquet fire, Columbia Heights fire and police,
Crookston fire and police, Crystal police, Duluth fire and police, Eveleth fire
and police, Faribault fire and police, Fridley fire and police, Hibbing fire and
police, Mankato fire and police, Moorhead fire and police, New Ulm police, Red
Wing fire and police, Richfield fire and police, Rochester fire and police, St.
Cloud fire and police, St. Louis park fire and police, St. Paul fire and police,
South St. Paul fire and police, Thief River Falls police, Virginia police, West
St. Paul fire and police and Winona fire and police relief associations ARTICLE
2 PERA MEMBERSHIP ELIGIBILITY AND SERVICE CREDIT PRORATIONModifying the
definitions of included and excluded employees for public employee retirement
association (PERA) eligibility purposes, exempting foreign citizens working as
Hennepin county employees from a certain exclusion; clarifying the accrual of
allowable service during periods of unpaid personal, parental, medical or
military leaves of absence and modifying the calculation of allowable service
for periods of periodic repetitive leaves and for authorized temporary layoff,
imposing a time limit for receipt of payment for military leave and eliminating
the separate calculation for persons becoming members or terminating membership
and again becoming members after a certain date; providing for accrual of
allowable service credit by persons receiving temporary workers compensation
payments and a reduced or no salary; eliminating the requirement for employers
to state the number of compensated hours in certain reports ARTICLE 3 PERA LOCAL
GOVERNMENT CORRECTIONAL RETIREMENT PLAN MODIFICATIONSIncluding medical center
protection officers employed by Hennepin county under the local government
correctional service retirement plan of the public employees retirement
association (PERA); repealing certain prior increases in employee and employer
contributions to the plan ARTICLE 4 PENSION COVERAGE FOR PRIVATIZED PUBLIC
HOSPITALSProviding pension benefits under the public employees retirement
association (PERA) for employees of the Kanabec county hospital upon hospital
privatization ARTICLE 5 CLOSED CHARTER SCHOOL UNPAID RETIREMENT
CONTRIBUTIONSIncluding certain charter school employees in the definition of
teacher under the teachers retirement association; modifying the definition of
supplemental administrative expenses under the St. Paul and Minneapolis teachers
retirement fund associations; providing for state payment of unpaid employee and
employer contributions to the applicable TRA or to the public employees
retirement association (PERA) for teaching or other service in certain
designated charter schools closing before a certain date, granting the
commissioner of revenue certain continuing recovery authority and appropriating
recovered amounts to the commissioner of children, families and learning for
payment of the unpaid contributions ARTICLE 6 TEACHER RETIREMENT PLANS SERVICE
CREDIT PURCHASE DEADLINE EXTENSIONExtending the deadline for the purchase of
service credit by certain teachers ARTICLE 7 - RECODIFICATION OF SOCIAL SECURITY
COVERAGE PROVISIONSRecodifying certain provisions governing social security
(federal old age, survivors and disability insurance system) coverage for public
employees; clarifying certain existing definitions and defining certain
additional terms; making certain technical corrections; specifying the public
employee groups required to be covered; providing for employer contributions and
for the division of retirement plans between members electing and not electing
the coverage; repealing certain existing provisions governing social security
ARTICLE 8 PUBLIC PENSION PLAN ACTUARIAL ASSUMPTION REVISIONSIncluding the
Fairmont police relief association and the Virginia fire department relief
association under certain interest and salary assumption requirements for
actuarial valuation purposes; clarifying the future salary increase assumption
for the Minneapolis employees retirement plan (MERF) and modifying the
assumptions for members of certain other retirement plansARTICLE 9 AUTHORIZATION
OF ADDITIONAL SUPPLEMENTAL RETIREMENT PLANSAuthorizing local government units to
levy for or contribute public funds to the plumbers and pipefitters national
pension fund, to the international union of operating engineers pension fund and
to supplemental plans organized and operated under the federal internal revenue
code (IRC) funded by accumulated sick and vacation leave and severance pay for
employees covered by collective bargaining agreements providing for coverage by
the applicable fund and establishing a contribution rate, specifying certain
limits; clarifying the authority of local government units to establish
supplemental pension or deferred compensation plans for employees, ratifying and
validating certain previously established supplemental pension plans ARTICLE 10
GENERAL RETIREMENT LAW REORGANIZATION AND RECODIFICATION PUBLIC RETIREMENT PLAN
PURPOSEMaking technical corrections to and clarifications in and reorganizing
and recodifying certain public retirement plan provisions; removing certain
obsolete provisions; modifying certain interest and salary assumptions for
actuarial valuation purposes; expanding certain authorized local government unit
pension plan contributions; providing a normal retirement age savings clause,
specifying the intent of the legislature to create a normal retirement age for
persons first covered by the Minnesota state retirement system (MSRS), the
public employees retirement association (PERA), the teachers retirement
association (TRA) and the first class cities teachers retirement fund
associations after a certain date to equal the retirement age in the federal
social security law and reserving the right to amend the appropriate sections to
conform to federal changes; specifying certain cross reference replacement
instructions to the revisor of statutes; repealing certain obsolete provisions
relating to certain Hennepin county and comprehensive employment and training
act (CETA) employees, certain reorganized or recodified provisions and a certain
law provision modifying interest and salary assumptions to resolve a revisor
note ARTICLE 11 JOINT RETIREMENT PLAN BUILDING LEASE AUTHORITYAuthorizing the
commissioner of administration to lease public pension fund facilities to
private companies under contract to provide deferred compensation services under
the Minnesota state retirement system (MSRS)ARTICLE 12 VOLUNTEER FIREFIGHTER
RELIEF ASSOCIATIONS SERVICE PENSION ELIGIBILITYAuthorizing the payment of
service pensions or disability benefits by volunteer firefighters relief
associations to former members employed full time by the municipality to perform
duties within the municipal fire department or corporation under certain
conditions ARTICLE 13 STUDY OF STATEWIDE VOLUNTEER FIREFIGHTER RETIREMENT
PLANCreating a statewide lump sum volunteer firefighter retirement plan study
task force to conduct fact finding relating to the creation of a voluntary
statewide firefighter retirement plan, specifying certain membership
requirements and duties and requiring a report to the legislature by a certain
date; appropriating money to the state auditor for the task force ARTICLE 14
ADDITIONAL CLARIFICATIONSClarifying the purpose of a certain prior appropriation
to the public employees retirement association for the inadvertent diminution of
pension benefits of a certain former assistant commissioner of public safety to
eliminate a potential windfall to the PERA police and fire and general plans,
providing for calculation of the salary increment, for computation of benefits,
for determination of increased actuarial reserves needed to support the
annuities, for disposition of excess amounts and for certain internal
allocations, ratifying contributions and interest paid to the association for
deposit in the police and fire plan fund; authorizing a certain retiree covered
under the public employees police and fire plan to rescind a retirement annuity
application and to apply for a disability benefit (mk, ja)