as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am
A bill for an act
relating to retirement; Minneapolis Employees Retirement Fund; defining
covered salary to include certain supplemental plan contributions; amending
Minnesota Statutes 2006, section 422A.01, subdivision 13a.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2006, section 422A.01, subdivision 13a, is amended to
read:
new text begin (a) new text end "Salary" is subject to the limitations of section
356.611.
new text begin
(b) "Salary" also includes the contributions to a supplemental retirement plan under
section 356.24, subdivision 1, clause (8), (9), or (10), for an employee who is covered by a
supplemental retirement plan which requires that all plan contributions be made by the
person's employer from mandatory withholdings from the employee's wages.
new text end
new text begin
Section 1 is effective the first day of the first month next following final enactment.
new text end