HF 2588

Introduction - 84th Legislature (2005 - 2006)

Posted on 12/15/2009 12:00 a.m.

A bill for an act
relating to retirement; allowing certain persons to select a joint and survivor
benefit from the Public Employees Retirement Association.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin JOINT AND SURVIVOR BENEFIT.
new text end

new text begin (a) Notwithstanding any law to the contrary, an eligible person may elect to receive a
joint and survivor benefit from the Public Employees Retirement Association. An eligible
person must make this election within 60 days of the effective date of this act, in a manner
specified by the executive director of the Public Employees Retirement Association. An
election under this section is irrevocable. At the time of making an election to receive
a joint and survivor benefit under this section, an eligible person must pay the Public
Employees Retirement Association the difference between:
new text end

new text begin (1) the amount of the single-life benefit the person received from December 2004
until making an election under this section; and
new text end

new text begin (2) the amount of the joint and survivor benefit the person would have received if the
person had been receiving a joint and survivor benefit since December 2004.
new text end

new text begin (b) For purposes of this section, an eligible person is a person who:
new text end

new text begin (1) was employed by Hennepin County as a human services representative until
September 1, 2004;
new text end

new text begin (2) began receiving a disability benefit from the Public Employees Retirement
Association in December 2004; and
new text end

new text begin (3) was notified in January 2005 that the person was approved to receive Social
Security disability benefits.
new text end

Sec. 2. new text begin EFFECTIVE DATE.
new text end

new text begin Section 1 is effective the day following final enactment.
new text end