HF 1779

as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am

A bill for an act
relating to retirement; Minnesota State Retirement System and Public Employees
Retirement Association; providing annuity back payments to a certain annuitant
who was not timely accorded a combined service annuity.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin MSRS-GENERAL AND PERA-GENERAL; ANNUITY BACK
PAYMENTS.
new text end

new text begin (a) Notwithstanding any provision of Minnesota Statutes, sections 352.115,
subdivision 8, and 353.29, subdivision 7, to the contrary, an eligible annuitant described in
paragraph (b) is entitled to a back payment of annuities from the general state employees
retirement plan of the Minnesota State Retirement System and from the general employees
retirement plan of the Public Employees Retirement Association as provided in paragraph
(c). The back payments are intended to correct the consequences of any negligence or
error of the retirement plans in failing to promptly implement a combined service annuity.
new text end

new text begin (b) An eligible annuitant is a person who:
new text end

new text begin (1) was born on April 1, 1947;
new text end

new text begin (2) was employed by Clearwater County and was covered by the general employees
retirement plan of the Public Employees Retirement Association in 1968, 1969, and 1970;
new text end

new text begin (3) was employed by the Rural Minnesota Concentrated Employment Program
in 1970;
new text end

new text begin (4) was employed by the state of Minnesota by the Department of Human Services
or its predecessor from 1970 to 2004; and
new text end

new text begin (5) retired from state employment under the rule of 90 on April 20, 2004.
new text end

new text begin (c) The back payments are the amount of the annuity of the eligible annuitant from
the general employees retirement plan of the Public Employees Retirement Association for
eight months, representing the period May 1, 2004, to December 31, 2004, plus compound
interest on the total amount at the rate of 8.5 percent from September 1, 2004, to the date
of payment, and the amount of the increase in the annuity of the eligible annuitant from
the general state employees retirement plan of the Minnesota State Retirement System
on account of Minnesota Statutes, section 356.30, for 20 months, representing the period
May 1, 2004, to December 31, 2005, plus compound interest on the total amount at the
rate of 8.5 percent from May 1, 2005, to the date of payment.
new text end

Sec. 2. new text begin EFFECTIVE DATE.
new text end

new text begin Section 1 is effective the day following final enactment.
new text end