as introduced - 81st Legislature (1999 - 2000) Posted on 12/15/2009 12:00am
Engrossments | ||
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Introduction | Posted on 02/25/1999 |
1.1 A bill for an act 1.2 relating to retirement; increasing maximum service 1.3 pensions payable by volunteer firefighter relief 1.4 associations; amending Minnesota Statutes 1998, 1.5 section 424A.02, subdivision 3. 1.6 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.7 Section 1. Minnesota Statutes 1998, section 424A.02, 1.8 subdivision 3, is amended to read: 1.9 Subd. 3. [FLEXIBLE SERVICE PENSION MAXIMUMS.] (a) On or 1.10 before August 1 of each year as part of the certification of the 1.11 financial requirements and minimum municipal obligation made 1.12 pursuant to section 69.772, subdivision 4, or 69.773, 1.13 subdivision 5, the secretary or some other official of the 1.14 relief association designated in the bylaws of each relief 1.15 association shall calculate and certify to the governing body of 1.16 the applicable qualified municipality the average amount of 1.17 available financing per active covered firefighter for the most 1.18 recent three-year period. The amount of available financing 1.19 shall include any amounts of fire state aid received or 1.20 receivable by the relief association, any amounts of municipal 1.21 contributions to the relief association raised from levies on 1.22 real estate or from other available revenue sources exclusive of 1.23 fire state aid, and one-tenth of the amount of assets in excess 1.24 of the accrued liabilities of the relief association calculated 1.25 pursuant to sections 69.772, subdivision 2; 69.773, subdivisions 2.1 2 and 4; or 69.774, subdivision 2, if any. 2.2 (b) The maximum service pension which the relief 2.3 association has authority to provide for in its bylaws for 2.4 payment to a member retiring after the calculation date when the 2.5 minimum age and service requirements specified in subdivision 1 2.6 are met must be determined using the table in paragraph (c) or 2.7 (d), whichever applies. 2.8 (c) For a relief association where the governing bylaws 2.9 provide for a monthly service pension to a retiring member, the 2.10 maximum monthly service pension amount per month for each year 2.11 of service credited that may be provided for in the bylaws is 2.12 the maximum service pension figure corresponding to the average 2.13 amount of available financing per active covered firefighter: 2.14 Minimum Average Amount of Maximum Service Pension 2.15 Available Financing per Amount Payable per Month 2.16 Firefighter for Each Year of Service 2.17 $... $ .25 2.18 42 .50 2.19 84 1.00 2.20 126 1.50 2.21 168 2.00 2.22 209 2.50 2.23 252 3.00 2.24 294 3.50 2.25 335 4.00 2.26 378 4.50 2.27 420 5.00 2.28 503 6.00 2.29 587 7.00 2.30 672 8.00 2.31 755 9.00 2.32 839 10.00 2.33 923 11.00 2.34 1007 12.00 2.35 1090 13.00 2.36 1175 14.00 3.1 1259 15.00 3.2 1342 16.00 3.3 1427 17.00 3.4 1510 18.00 3.5 1594 19.00 3.6 1677 20.00 3.7 1762 21.00 3.8 1845 22.00 3.9 1888 22.50 3.10 1929 23.00 3.11 2014 24.00 3.12 2098 25.00 3.13 2183 26.00 3.14 2267 27.00 3.15 2351 28.00 3.16 2436 29.00 3.17 2520 30.00 3.18 2604 31.00 3.19 2689 32.00 3.20 2773 33.00 3.21 2857 34.00 3.22 2942 35.00 3.23 3026 36.00 3.24 3110 37.00 3.25 3963 38.00 3.26 4047 39.00 3.27 4137 40.00 3.28any amount more than 413740.003.29 For each $90 increment of average available financing per 3.30 firefighter in excess of $4,137, the maximum monthly service 3.31 pension for each year of service is increased by $1, up to a 3.32 maximum of $80 per month. 3.33 (d) For a relief association in which the governing bylaws 3.34 provide for a lump sum service pension to a retiring member, the 3.35 maximum lump sum service pension amount for each year of service 3.36 credited that may be provided for in the bylaws is the maximum 4.1 service pension figure corresponding to the average amount of 4.2 available financing per active covered firefighter for the 4.3 applicable specified period: 4.4 Minimum Average Amount Maximum Lump Sum Service 4.5 of Available Financing Pension Amount Payable 4.6 per Firefighter for Each Year of Service 4.7 $.. $10 4.8 11 20 4.9 16 30 4.10 23 40 4.11 27 50 4.12 32 60 4.13 43 80 4.14 54 100 4.15 65 120 4.16 77 140 4.17 86 160 4.18 97 180 4.19 108 200 4.20 131 240 4.21 151 280 4.22 173 320 4.23 194 360 4.24 216 400 4.25 239 440 4.26 259 480 4.27 281 520 4.28 302 560 4.29 324 600 4.30 347 640 4.31 367 680 4.32 389 720 4.33 410 760 4.34 432 800 4.35 486 900 4.36 540 1000 5.1 594 1100 5.2 648 1200 5.3 702 1300 5.4 756 1400 5.5 810 1500 5.6 864 1600 5.7 918 1700 5.8 972 1800 5.9 1026 1900 5.10 1080 2000 5.11 1134 2100 5.12 1188 2200 5.13 1242 2300 5.14 1296 2400 5.15 1350 2500 5.16 1404 2600 5.17 1458 2700 5.18 1512 2800 5.19 1566 2900 5.20 1620 3000 5.21 1672 3100 5.22 1726 3200 5.23 1753 3250 5.24 1780 3300 5.25 1820 3375 5.26 1834 3400 5.27 1888 3500 5.28 1942 3600 5.29 1996 3700 5.30 2023 3750 5.31 2050 3800 5.32 2104 3900 5.33 2158 4000 5.34 2212 4100 5.35 2265 4200 5.36 2319 4300 6.1 2373 4400 6.2 2427 4500 6.3 2481 4600 6.4 2535 4700 6.5 2589 4800 6.6 2643 4900 6.7 2697 5000 6.8 2751 5100 6.9 2805 5200 6.10 2859 5300 6.11 2913 5400 6.12 2967 5500 6.13any amount more than 296755006.14 If the average available financing per firefighter is more than 6.15 $2,967, the maximum lump sum service pension for each year of 6.16 service is up to $11,000 per year of service, provided the ratio 6.17 of the average available financing per firefighter to the 6.18 maximum lump sum pension for each year of service is at least 54 6.19 percent. 6.20 (e) For a relief association in which the governing bylaws 6.21 provide for a monthly benefit service pension as an alternative 6.22 form of service pension payment to a lump sum service pension, 6.23 the maximum service pension amount for each pension payment type 6.24 must be determined using the applicable table contained in this 6.25 subdivision. 6.26 (f) If a relief association establishes a service pension 6.27 in compliance with the applicable maximum contained in paragraph 6.28 (c) or (d) and the minimum average amount of available financing 6.29 per active covered firefighter is subsequently reduced because 6.30 of a reduction in fire state aid or because of an increase in 6.31 the number of active firefighters, the relief association may 6.32 continue to provide the prior service pension amount specified 6.33 in its bylaws, but may not increase the service pension amount 6.34 until the minimum average amount of available financing per 6.35 firefighter under the table in paragraph (c) or (d), whichever 6.36 applies, permits. 7.1(g) No relief association is authorized to provide a7.2service pension in an amount greater than $40 per month per year7.3of service credit or in an amount greater than $5,500 lump sum7.4per year of service credit even if the minimum average amount of7.5available financing per firefighter for a relief association7.6providing a monthly benefit service pension is greater than7.7$4,137, or, for a relief association providing a lump sum7.8service pension, is greater than $2,967.