HF 1298
Introduction - 85th Legislature (2007 - 2008)
Posted on 12/15/2009 12:00 a.m.
Bill Text Versions
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Introduction
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Posted on 02/22/2007 |
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A bill for an act
relating to retirement; Minneapolis Employees Retirement Fund; defining
covered salary to include certain supplemental plan contributions; amending
Minnesota Statutes 2006, section 422A.01, subdivision 13a.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2006, section 422A.01, subdivision 13a, is amended to
read:
Subd. 13a.
Covered salary.
new text begin (a) new text end "Salary" is subject to the limitations of section
356.611.
new text begin
(b) "Salary" also includes the contributions to a supplemental retirement plan under
section 356.24, subdivision 1, clause (8), (9), or (10), for an employee who is covered by a
supplemental retirement plan which requires that all plan contributions be made by the
person's employer from mandatory withholdings from the employee's wages.
new text end
Sec. 2. new text begin EFFECTIVE DATE.
new text end
new text begin
Section 1 is effective the first day of the first month next following final enactment.
new text end