HF 64

as introduced - 84th Legislature, 2005 1st Special Session (2005 - 2005) Posted on 12/15/2009 12:00am

A bill for an act
relating to retirement; authorizing repayment of a
refund from the Public Employees Retirement
Association.

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

Section 1. new text begin REPAYMENT OF REFUND.
new text end

new text begin (a) Notwithstanding the deadlines in Minnesota Statutes,
section 353.35, or other law to the contrary, an eligible person
may repay a refund received from the Public Employees Retirement
Association within six months of the effective date of this
section. To repay the refund under this section, an eligible
person must pay the amount of the refund and interest received
under Minnesota Statutes, section 353.34, plus interest at an
annual rate of 8.5 percent compounded annually. Upon repayment
of the refund, an eligible person is entitled to all rights and
benefits to which the person was entitled prior to acceptance of
the refund.
new text end

new text begin (b) For purposes of this section, an eligible person is a
person who was employed as a probation officer by Itasca County,
who left that position in the fall of 1999.
new text end

new text begin EFFECTIVE DATE. new text end

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