1.1 	A bill for an act
1.2 	relating to retirement; ending defined benefit public pension plan coverage;
1.3 	proposing coding for new law in Minnesota Statutes, chapter 356A.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. [356A.99] TERMINATION OF PUBLIC PENSION PLAN 
1.6 	COVERAGE.
1.7 	(a) For employment on and after July 1, 2011, no public employee or elected 
1.8 	official earns service credit in any Minnesota defined benefit public pension plan, and no 
1.9 	employee or official is required to contribute to a Minnesota defined benefit public pension 
1.10 	plan. A public employee who is not vested in a public pension plan on June 30, 2011, 
1.11 	may apply for and receive a refund of the employee contributions made to the plan, with 
1.12 	interest, as specified in the laws governing refunds from that plan.
1.13 	(b) Each  public employer shall continue to contribute to each defined benefit public 
1.14 	pension plan the same percentage of employee or official salary paid to the plan before 
1.15 	July 1, 2011, on behalf of any current and future employee or official who would have 
1.16 	earned service credit under laws in effect on June 30, 2011. The employer contribution to 
1.17 	a pension plan shall continue until the most recent actuarial valuation for the plan indicates 
1.18 	that the plan is projected to have enough assets to pay estimated liabilities without  future 
1.19 	employer contributions.
1.20 	(c) This section supersedes any conflicting law. This section does not apply to a 
1.21 	volunteer firefighter relief association or plan.

1.22 	EFFECTIVE DATE. This section is effective July 1, 2011.