Bill Text: MN SF1630 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Local police and fire relief association former members pension benefits adjustment
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2013-04-25 - Referred to State and Local Government [SF1630 Detail]
Download: Minnesota-2013-SF1630-Introduced.html
1.2relating to pensions; adjusting benefits for certain former members of a local
1.3salaried police and fire relief association;amending Minnesota Statutes 2012,
1.4section 353A.08, by adding a subdivision.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. Minnesota Statutes 2012, section 353A.08, is amended by adding a
1.7subdivision to read:
1.8 Subd. 9. Police and fire adjustment. (a) The executive director of the Public
1.9Employees Retirement Association shall adjust the service, disability, and surviving
1.10spouse pensions or benefits for any person who was a former member of a local salaried
1.11police or firefighters relief association governed by chapter 423A that consolidated with
1.12the Public Employees Retirement Association Police and Fire Fund under chapters 353A
1.13and 353B who retained the benefits under the local police or firefighters relief association
1.14laws. Benefits must be adjusted according to paragraph (b).
1.15(b) Effective July 1, 2013, the pension, disability, and survivor benefits of persons
1.16described in paragraph (a) must be adjusted as follows: all persons receiving a service or
1.17disability pension must have their benefits increased to $38,000 annually or by 20 percent,
1.18whichever amount is less. All surviving spouses who receive a benefit must have their
1.19benefits increased to $30,000 annually or by 20 percent, whichever amount is less.
1.20(c) Benefits as adjusted by paragraph (b) must continue to be adjusted on January
1.211, 2014, according to postretirement adjustments by the Public Employees Retirement
1.22Association Police and Fire Fund.
1.23EFFECTIVE DATE.This section is effective the day following final enactment.
1.3salaried police and fire relief association;amending Minnesota Statutes 2012,
1.4section 353A.08, by adding a subdivision.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. Minnesota Statutes 2012, section 353A.08, is amended by adding a
1.7subdivision to read:
1.8 Subd. 9. Police and fire adjustment. (a) The executive director of the Public
1.9Employees Retirement Association shall adjust the service, disability, and surviving
1.10spouse pensions or benefits for any person who was a former member of a local salaried
1.11police or firefighters relief association governed by chapter 423A that consolidated with
1.12the Public Employees Retirement Association Police and Fire Fund under chapters 353A
1.13and 353B who retained the benefits under the local police or firefighters relief association
1.14laws. Benefits must be adjusted according to paragraph (b).
1.15(b) Effective July 1, 2013, the pension, disability, and survivor benefits of persons
1.16described in paragraph (a) must be adjusted as follows: all persons receiving a service or
1.17disability pension must have their benefits increased to $38,000 annually or by 20 percent,
1.18whichever amount is less. All surviving spouses who receive a benefit must have their
1.19benefits increased to $30,000 annually or by 20 percent, whichever amount is less.
1.20(c) Benefits as adjusted by paragraph (b) must continue to be adjusted on January
1.211, 2014, according to postretirement adjustments by the Public Employees Retirement
1.22Association Police and Fire Fund.
1.23EFFECTIVE DATE.This section is effective the day following final enactment.
