1.1 	A bill for an act
1.2 	relating to retirement; authorizing repayment of a
1.3 	refund from the Public Employees Retirement
1.4 	Association.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. REPAYMENT OF REFUND.
 1.7 	(a) Notwithstanding the deadlines in Minnesota Statutes,
1.8 	section 353.35, or other law to the contrary, an eligible person
1.9 	may repay a refund received from the Public Employees Retirement
1.10 	Association within six months of the effective date of this
1.11 	section.  To repay the refund under this section, an eligible
1.12 	person must pay the amount of the refund and interest received
1.13 	under Minnesota Statutes, section 353.34, plus interest at an
1.14 	annual rate of 8.5 percent compounded annually.  Upon repayment
1.15 	of the refund, an eligible person is entitled to all rights and
1.16 	benefits to which the person was entitled prior to acceptance of
1.17 	the refund.
1.18 	(b) For purposes of this section, an eligible person is a
1.19 	person who was employed as a probation officer by Itasca County,
1.20 	who left that position in the fall of 1999.

1.21 	EFFECTIVE DATE. Section 1 is effective the day following
1.22 	final enactment.