Minnesota Legislature
HF 1250
as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am
Bill Text Versions
| Engrossments | ||
|---|---|---|
| Introduction | Posted on 02/22/2005 |
Current Version - as introduced
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A bill for an act
relating to retirement; providing that a certain limit
on covered salary for public pension purposes does not
apply to an elected official of a political
subdivision; amending Minnesota Statutes 2004, section
356.611, subdivision 1.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2004, section 356.611,
subdivision 1, is amended to read:
Subdivision 1.
State salary limitations.
(a)
Notwithstanding any provision of law, bylaws, articles of
incorporation, retirement and disability allowance plan
agreements, or retirement plan contracts to the contrary, the
covered salary for pension purposes for a plan participant of a
covered retirement fund enumerated in section 356.30,
subdivision 3, may not exceed 95 percent of the salary
established for the governor under section 15A.082 at the time
the person received the salary.
(b) This section does not apply to a salary paid:
(1) to the governor or to a judge;
(2) to an employee of a political subdivision in a position
that is excluded from the limit as specified under section
43A.17, subdivision 9;
(3) to a state employee as defined under section 43A.02,
subdivision 21;
(4) to an employee of Gillette Hospital who is covered by
the general state employees retirement plan of the Minnesota
State Retirement System;
(5) to an employee of the Minnesota Crop Improvement
Council; deleted text begin or
deleted text end
(6) to an employee of the Minnesota Historical Societynew text begin ; or
new text end
new text begin
(7) to an elected official of a political subdivisionnew text end .
(c) The limited covered salary determined under this
section must be used in determining employee and employer
contributions and in determining retirement annuities and other
benefits under the respective covered retirement fund and under
this chapter.
Sec. 2. new text begin EFFECTIVE DATE.
new text end
new text begin
Section 1 is effective the day following final enactment
and applies retroactively to April 28, 1994.
new text end