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Office of the Revisor of Statutes

SF 1863 Senate Long Description

Relating to legislators retirementARTICLE 1 REFERENDUMProviding a second social security coverage referendum for members of the legislators retirement plan, members electing the retroactive social security coverage to become members of the coordinated program of the legislators retirement plan; requiring the governor to set a date for the referendum and the executive director of the Minnesota state retirement system to transfer sufficient assets to the program; providing for MSRS payment of retroactive social security taxes, requiring and providing for legislator reimbursements; appropriating money to the executive director of MSRS for transfer to the coordinated program of the legislators retirement plan ARTICLE 2 CONFORMING CHANGESEstablishing the coordinated program of the legislators retirement plan(je)