Minnesota Legislature
SF 1326
as introduced - 88th Legislature (2013 - 2014) Posted on 03/14/2013 09:04am
Current Version - as introduced
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A bill for an act
relating to retirement; Minnesota State Retirement System; permitting deferred
members from the general employees retirement plan, correctional employees
retirement plan, and the State Patrol retirement plan to vote in board elections;
amending Minnesota Statutes 2012, section 352.03, subdivisions 1, 1a.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2012, section 352.03, subdivision 1, is amended to read:
Subdivision 1.
Membership of board; election; term.
new text begin (a) new text end The policy-making
function of the system is vested in a board of 11 members known as the board of directors.
This board shall consist ofnew text begin :
new text end
new text begin (1)new text end three members appointed by the governor, one of whom must be a constitutional
officer or appointed state official and two of whom must be public members knowledgeable
in pension mattersdeleted text begin ,deleted text end new text begin ;
new text end
new text begin (2)new text end four state employees elected by deleted text begin state employees covered by the systemdeleted text end new text begin active
members and former members eligible for a deferred annuity from the general state
employees retirement plan, new text end excluding employees deleted text begin in categories specifically authorized
to designate or elect a member by this subdivision,deleted text end new text begin and deferred annuitants for whom
a board member is designated;
new text end
new text begin (3) new text end one employee of the Metropolitan Council's transit operations or its successor
agency designated by the executive committee of the labor organization that is the
exclusive bargaining agent representing employees of the transit divisiondeleted text begin ,deleted text end new text begin ;
new text end
new text begin (4)new text end one new text begin employee who is a new text end member of the State Patrol retirement deleted text begin funddeleted text end new text begin plan new text end elected
by new text begin active new text end members deleted text begin ofdeleted text end new text begin and former members eligible for a deferred annuity from new text end that deleted text begin fund
at a time and in a manner fixed by the board,deleted text end new text begin plan;
new text end
new text begin (5) new text end one employee deleted text begin covered bydeleted text end new text begin who is a member of new text end the correctional new text begin state new text end employees
new text begin retirement new text end plan new text begin established under this chapter new text end elected by deleted text begin employees covered bydeleted text end new text begin active
members and former members eligible for a deferred annuity from new text end that plandeleted text begin ,deleted text end new text begin ;new text end and
new text begin (6)new text end one retired employee new text begin of a plan included in the system, new text end elected by disabled and
retired employees of deleted text begin alldeleted text end new text begin the new text end plans administered by the system at a time and in a manner deleted text begin to
be fixeddeleted text end new text begin determined new text end by the board.
new text begin (b) The terms of the four elected state employees under paragraph (a), clause (2),
must be staggered, withnew text end two new text begin of the new text end state employee deleted text begin membersdeleted text end new text begin board positions elected
each bienniumnew text end , whose terms of office begin on the first Monday in May after their
electiondeleted text begin , must be elected bienniallydeleted text end . Elected members and the appointed member of the
Metropolitan Council's transit operations hold office for a term of four years and until their
successors are elected or appointed, and have qualified.
new text begin (c)new text end An employee new text begin or former employee new text end of the system is not eligible for membership
on the board of directors. A state employee on leave of absence is not eligible for election
or reelection to membership on the board of directors.
new text begin (d)new text end The term of any board member who is on leave for more than six months
automatically ends on expiration of the term of office.
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective the day following final enactment.
new text end
Sec. 2.
Minnesota Statutes 2012, section 352.03, subdivision 1a, is amended to read:
Subd. 1a.
new text begin Membership voting limitations. new text end
new text begin
Active members and former members
eligible for a deferred annuity from a plan under this chapter or chapter 352B are eligible
to vote in board elections as further specified and restricted in this section. Retired
members and disabilitants from a plan in the system may vote only for the retired member
position under subdivision 1, paragraph (a), clause (6). If a former member eligible for a
deferred annuity from a plan under this chapter or chapter 352B is a deferred annuitant
from more than one plan covered by the system, that person is eligible to vote only in
elections applicable for deferred annuitants from the plan in the system from which the
person last received allowable service. If a person is an active member of a plan in the
system and is a deferred annuitant or a retiree from another plan or plans in the system,
the person is only eligible to vote in board elections applicable due to the active member
plan membership. If a person is a deferred annuitant from a plan in the system and is also
a retiree from another plan in the system, the person is only eligible to vote in elections
applicable due to the retiree status.
new text end
new text begin Subd. 1b. new text end
Terms; compensation; removal; vacancies; public members.
The
membership terms, compensation, removal of members, and filling of vacancies for the
public members on the board are as provided in section 15.0575.
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective the day following final enactment.
new text end