1.1 	A bill for an act
1.2 	relating to pensions; adjusting benefits for certain former members of a local 
1.3 	salaried police and fire relief association;amending Minnesota Statutes 2012, 
1.4 	section 353A.08, by adding a subdivision.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. Minnesota Statutes 2012, section 353A.08, is amended by adding a 
1.7 	subdivision to read:
1.8 		Subd. 9.Police and fire adjustment. (a) The executive director of the Public 
1.9 	Employees Retirement Association shall adjust the service, disability, and surviving 
1.10 	spouse pensions or benefits for any person who was a former member of a local salaried 
1.11 	police or firefighters relief association governed by chapter 423A that consolidated with 
1.12 	the Public Employees Retirement Association Police and Fire Fund under chapters 353A 
1.13 	and 353B who retained the benefits under the local police or firefighters relief association 
1.14 	laws. Benefits must be adjusted according to paragraph (b).
1.15 	(b) Effective July 1, 2013, the pension, disability, and survivor benefits of persons 
1.16 	described in paragraph (a) must be adjusted as follows: all persons receiving a service or 
1.17 	disability pension must have their benefits increased to $38,000 annually or by 20 percent, 
1.18 	whichever amount is less. All surviving spouses who receive a benefit must have their 
1.19 	benefits increased to $30,000 annually or by 20 percent, whichever amount is less.
1.20 	(c) Benefits as adjusted by paragraph (b) must continue to be adjusted on January 
1.21 	1, 2014, according to postretirement adjustments by the Public Employees Retirement 
1.22 	Association Police and Fire Fund.

1.23 	EFFECTIVE DATE. This section is effective the day following final enactment.