1.1 	A bill for an act
1.2 	relating to retirement; general employees retirement plan of the Public 
1.3 	Employees Retirement Association police and fire plan; increasing annuity of an 
1.4 	accelerated annuity recipient.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. PERA; ACCELERATED ANNUITY RECIPIENT BENEFIT 
1.7 	PAYMENT INCREASE.
 1.8 	(a) Notwithstanding any law to the contrary, the Public Employees Retirement 
1.9 	Association general plan basic program and the Public Employees Retirement Association 
1.10 	police and fire plan must provide a revised retirement annuity to an eligible person under 
1.11 	paragraph (b). The revised annuity begins on the first of the month after the executive 
1.12 	director receives an application and determines eligibility under this section. The revised 
1.13 	annuity must be computed as though the eligible person had not elected accelerated 
1.14 	annuities under Minnesota Statutes, section 353.29, subdivision 6.
1.15 	(b) An eligible person is a person who:
1.16 	(1) was born on February 9, 1938;
1.17 	(2) was employed by Independent School District No. 622, North St. Paul, 
1.18 	Maplewood, Oakdale, with coverage by the Public Employees Retirement Association 
1.19 	general plan basic program, and was later employed by the Ramsey County Sheriff's 
1.20 	Department with coverage by the Public Employees Retirement Association police and 
1.21 	fire plan;
1.22 	(3) commenced receiving retirement annuities from the Public Employees 
1.23 	Retirement Association general plan basic program and the Public Employees Retirement 
1.24 	Association police and fire plan on June 1, 1994; and
2.1 	(4) had both annuities accelerated under Minnesota Statutes, section 353.29, 
2.2 	subdivision 6, and computed using the combined service annuity provision, Minnesota 
2.3 	Statutes, section 356.30.
2.4 	(c) To determine the monthly benefit amounts payable starting on the commencement 
2.5 	date specified in paragraph (a), the executive director of the Public Employees Retirement 
2.6 	Association shall determine the monthly benefit amounts which would have been paid as of 
2.7 	June 1, 1994, if acceleration had not been elected, and shall escalate those benefit amounts 
2.8 	by the postretirement adjustments that would have applied through the commencement 
2.9 	date of the revised annuities. An annuity revised under this section is eligible for future 
2.10 	postretirement increases under the same procedures applicable to other retirement 
2.11 	annuitants from these pension plans. Payments of prior annuities to the eligible person 
2.12 	terminate when payment of the revised annuity commences. Annuities revised under this 
2.13 	section are prospective; no retroactive payments are permitted. If the original annuities 
2.14 	included joint and survivor coverage, that same coverage shall apply to the revised annuity.
2.15 	(d) The executive director of the Public Employees Retirement Association 
2.16 	is authorized to require an eligible person described in paragraph (b) to provide 
2.17 	documentation or information deemed necessary by the executive director to determine 
2.18 	application and eligibility under this section.

2.19 	EFFECTIVE DATE. This section is effective the day following final enactment.