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SF 1419 Senate Long Description

Relating to retirement;

ARTICLE 1 - VOLUNTARY CONSOLIDATION OF MINNEAPOLIS FIREFIGHTERS RELIEF ASSOCIATION

Establishing alternative retirement benefit coverage for certain employees affiliated with the Minneapolis firefighters relief association; providing for a voluntary consolidation of the Minneapolis firefighters relief association with the public employees police and fire retirement plan (PERA - P&F); providing for membership transfer, service credit and benefit liability transfer, transfer of records, transfer of assets and title to assests; benefit specification and additional asset transfers; providing for a special actuarial valuation pending consolidation; specifying approval of city of Minneapolis

ARTICLE 2 - VOLUNTARY CONSOLIDATION OF THE MINNEAPOLIS POLICE RELIEF ASSOCIATION

Establishing alternative retirement benefit coverage for certain employees affiliated with the Minneapolis police relief association; providing for a voluntary consolidation of the Minneapolis police relief association with the public employees police and fire retirement plan (PERA - P&F); providing for membership transfer, service credit and benefit liability transfer, transfer of records, transfer of assets and title to assests; benefit specification and additional asset transfers; providing for a special actuarial valuation pending consolidation; specifying approval of city of Minneapolis
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