as introduced - 82nd Legislature (2001 - 2002) Posted on 12/15/2009 12:00am
1.1 A bill for an act 1.2 relating to retirement; changing contribution rates 1.3 for the local government correctional service plan; 1.4 amending Minnesota Statutes 2000, section 353E.03. 1.5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.6 Section 1. Minnesota Statutes 2000, section 353E.03, is 1.7 amended to read: 1.8 353E.03 [CORRECTIONAL SERVICE PLAN CONTRIBUTIONS.] 1.9 Subdivision 1. [MEMBER CONTRIBUTIONS.] A local government 1.10 correctional service employee shall make an employee 1.11 contribution in an amount equal to6.015.83 percent of salary. 1.12 Subd. 2. [EMPLOYER CONTRIBUTIONS.] The employer shall 1.13 contribute for a local government correctional service employee 1.14 an amount equal to9.028.75 percent of salary. 1.15 Sec. 2. [EFFECTIVE DATE.] 1.16 Section 1 is effective the day following final enactment 1.17 and supersedes the changes made to Minnesota Statutes, section 1.18 353E.03, pursuant to Laws 2000, chapter 461, article 10, 1.19 sections 2 and 3.