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Office of the Revisor of Statutes

SF 2047 Senate Long Description

Relating to retirement; modifying the method for dividing public pension benefits as marital property in marriage dissolution actions; specifying certain domestic relations order requirements for division purposes; specifying certain rights of alternate payees relating to benefit payments, defining alternate payee and providing for commencement of the payments upon participant attainment of the minimum age for receipt of an annuity or pension; specifying the public retirement plans subject to the requirements; providing for retroactive application to marriage dissolutions of certain members of the general state employees retirement plan of the Minnesota state retirement system (MSRS); expanding public pension plan financial reporting requirements to retirement annuities for alternate payees and membership tabulation requirements to the payees
(mk)