as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am
A bill for an act
relating to retirement; volunteer firefighter relief associations; allowing for an
increase in the maximum service pension amounts; amending Minnesota Statutes
2006, section 424A.02, subdivision 3.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2006, section 424A.02, subdivision 3, is amended to
read:
(a) Annually on or before August
1 as part of the certification of the financial requirements and minimum municipal
obligation determined under section 69.772, subdivision 4, or 69.773, subdivision 5, as
applicable, the secretary or some other official of the relief association designated in
the bylaws of each relief association shall calculate and certify to the governing body
of the applicable qualified municipality the average amount of available financing per
active covered firefighter for the most recent three-year period. The amount of available
financing shall include any amounts of fire state aid received or receivable by the relief
association, any amounts of municipal contributions to the relief association raised from
levies on real estate or from other available revenue sources exclusive of fire state aid,
and one-tenth of the amount of assets in excess of the accrued liabilities of the relief
association calculated under section 69.772, subdivision 2; 69.773, subdivisions 2 and 4;
or 69.774, subdivision 2, if any.
(b) The maximum service pension which the relief association has authority to
provide for in its bylaws for payment to a member retiring after the calculation date when
the minimum age and service requirements specified in subdivision 1 are met must be
determined using the table in paragraph (c) or (d), whichever applies.
(c) For a relief association where the governing bylaws provide for a monthly
service pension to a retiring member, the maximum monthly service pension amount
per month for each year of service credited that may be provided for in the bylaws is
the greater of the service pension amount provided for in the bylaws on the date of the
calculation of the average amount of the available financing per active covered firefighter
or the maximum service pension figure corresponding to the average amount of available
financing per active covered firefighter:
Minimum Average Amount of Available Financing per Firefighter |
Maximum Service Pension Amount Payable per Month for Each Year of Service |
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$ ... |
$ .25 |
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41 |
.50 |
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81 |
1.00 |
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122 |
1.50 |
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162 |
2.00 |
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203 |
2.50 |
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243 |
3.00 |
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284 |
3.50 |
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324 |
4.00 |
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365 |
4.50 |
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405 |
5.00 |
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486 |
6.00 |
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567 |
7.00 |
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648 |
8.00 |
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729 |
9.00 |
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810 |
10.00 |
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891 |
11.00 |
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972 |
12.00 |
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1053 |
13.00 |
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1134 |
14.00 |
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1215 |
15.00 |
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1296 |
16.00 |
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1377 |
17.00 |
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1458 |
18.00 |
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1539 |
19.00 |
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1620 |
20.00 |
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1701 |
21.00 |
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1782 |
22.00 |
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1823 |
22.50 |
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1863 |
23.00 |
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1944 |
24.00 |
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2025 |
25.00 |
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2106 |
26.00 |
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2187 |
27.00 |
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2268 |
28.00 |
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2349 |
29.00 |
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2430 |
30.00 |
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2511 |
31.00 |
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2592 |
32.00 |
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2673 |
33.00 |
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2754 |
34.00 |
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2834 |
35.00 |
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2916 |
36.00 |
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2997 |
37.00 |
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3078 |
38.00 |
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3159 |
39.00 |
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3240 |
40.00 |
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3321 |
41.00 |
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3402 |
42.00 |
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3483 |
43.00 |
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3564 |
44.00 |
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3645 |
45.00 |
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3726 |
46.00 |
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3807 |
47.00 |
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3888 |
48.00 |
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3969 |
49.00 |
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4050 |
50.00 |
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4131 |
51.00 |
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4212 |
52.00 |
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4293 |
53.00 |
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4374 |
54.00 |
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4455 |
55.00 |
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4536 |
56.00 |
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(d) For a relief association in which the governing bylaws provide for a lump sum
service pension to a retiring member, the maximum lump sum service pension amount for
each year of service credited that may be provided for in the bylaws is the greater of the
service pension amount provided for in the bylaws on the date of the calculation of the
average amount of the available financing per active covered firefighter or the maximum
service pension figure corresponding to the average amount of available financing per
active covered firefighter for the applicable specified period:
Minimum Average Amount of Available Financing per Firefighter |
Maximum Lump Sum Service Pension Amount Payable for Each Year of Service |
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$ ... |
$ 10 |
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11 |
20 |
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16 |
30 |
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23 |
40 |
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27 |
50 |
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32 |
60 |
||
43 |
80 |
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54 |
100 |
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65 |
120 |
||
77 |
140 |
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86 |
160 |
||
97 |
180 |
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108 |
200 |
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131 |
240 |
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151 |
280 |
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173 |
320 |
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194 |
360 |
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216 |
400 |
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239 |
440 |
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259 |
480 |
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281 |
520 |
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302 |
560 |
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324 |
600 |
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347 |
640 |
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367 |
680 |
||
389 |
720 |
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410 |
760 |
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432 |
800 |
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486 |
900 |
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540 |
1000 |
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594 |
1100 |
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648 |
1200 |
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702 |
1300 |
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756 |
1400 |
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810 |
1500 |
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864 |
1600 |
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918 |
1700 |
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972 |
1800 |
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1026 |
1900 |
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1080 |
2000 |
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1134 |
2100 |
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1188 |
2200 |
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1242 |
2300 |
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1296 |
2400 |
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1350 |
2500 |
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1404 |
2600 |
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1458 |
2700 |
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1512 |
2800 |
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1566 |
2900 |
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1620 |
3000 |
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1672 |
3100 |
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1726 |
3200 |
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1753 |
3250 |
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1780 |
3300 |
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1820 |
3375 |
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1834 |
3400 |
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1888 |
3500 |
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1942 |
3600 |
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1996 |
3700 |
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2023 |
3750 |
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2050 |
3800 |
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2104 |
3900 |
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2158 |
4000 |
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2212 |
4100 |
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2265 |
4200 |
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2319 |
4300 |
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2373 |
4400 |
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2427 |
4500 |
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2481 |
4600 |
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2535 |
4700 |
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2589 |
4800 |
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2643 |
4900 |
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2697 |
5000 |
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2751 |
5100 |
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2805 |
5200 |
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2859 |
5300 |
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2913 |
5400 |
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2967 |
5500 |
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3021 |
5600 |
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3075 |
5700 |
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3129 |
5800 |
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3183 |
5900 |
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3237 |
6000 |
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3291 |
6100 |
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3345 |
6200 |
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3399 |
6300 |
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3453 |
6400 |
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3507 |
6500 |
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3561 |
6600 |
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3615 |
6700 |
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3669 |
6800 |
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3723 |
6900 |
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3777 |
7000 |
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3831 |
7100 |
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3885 |
7200 |
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3939 |
7300 |
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3993 |
7400 |
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4047 |
7500 |
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(e) For a relief association in which the governing bylaws provide for a monthly
benefit service pension as an alternative form of service pension payment to a lump sum
service pension, the maximum service pension amount for each pension payment type
must be determined using the applicable table contained in this subdivision.
(f) If a relief association establishes a service pension in compliance with the
applicable maximum contained in paragraph (c) or (d) and the minimum average amount
of available financing per active covered firefighter is subsequently reduced because of a
reduction in fire state aid or because of an increase in the number of active firefighters, the
relief association may continue to provide the prior service pension amount specified in
its bylaws, but may not increase the service pension amount until the minimum average
amount of available financing per firefighter under the table in paragraph (c) or (d),
whichever applies, permits.
(g) No relief association is authorized to provide a service pension in an amount
greater than the largest applicable flexible service pension maximum amount even if
the amount of available financing per firefighter is greater than the financing amount
associated with the largest applicable flexible service pension maximum.
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Section 1 is effective January 1, 2009.
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