HF 1348

as introduced - 79th Legislature (1995 - 1996) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to retirement; governmental employees in 
  1.3             general; establishing a normal retirement age of 65 
  1.4             years; amending Minnesota Statutes 1994, sections 
  1.5             352.01, subdivision 25; 353.01, subdivision 37; 
  1.6             354.05, subdivision 38; and 354A.011, subdivision 15a; 
  1.7             repealing Minnesota Statutes 1994, section 356.82. 
  1.8   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.9      Section 1.  Minnesota Statutes 1994, section 352.01, 
  1.10  subdivision 25, is amended to read: 
  1.11     Subd. 25.  [NORMAL RETIREMENT AGE.] "Normal retirement age" 
  1.12  means age 65 for a person who first became a covered employee or 
  1.13  a member of a pension fund listed in section 356.30, subdivision 
  1.14  3, before July 1, 1989.  For a person who first becomes a 
  1.15  covered employee after June 30, 1989, normal retirement age 
  1.16  means the higher of age 65 or "retirement age," as defined in 
  1.17  United States Code, title 42, section 416(l), as amended. 
  1.18     Sec. 2.  Minnesota Statutes 1994, section 353.01, 
  1.19  subdivision 37, is amended to read: 
  1.20     Subd. 37.  [NORMAL RETIREMENT AGE.] "Normal retirement age" 
  1.21  means age 65 for a person who first became a public employee or 
  1.22  a member of a pension fund listed in section 356.30, subdivision 
  1.23  3, before July 1, 1989.  For a person who first becomes a public 
  1.24  employee after June 30, 1989, "normal retirement age" means the 
  1.25  higher of age 65 or "retirement age," as defined in United 
  1.26  States Code, title 42, section 416(l), as amended. 
  2.1      Sec. 3.  Minnesota Statutes 1994, section 354.05, 
  2.2   subdivision 38, is amended to read: 
  2.3      Subd. 38.  [NORMAL RETIREMENT AGE.] "Normal retirement age" 
  2.4   means age 65 for a person who first became a member of the fund 
  2.5   or a member of a pension fund listed in section 356.30, 
  2.6   subdivision 3, before July 1, 1989.  For a person who first 
  2.7   becomes a member of the fund after June 30, 1989, normal 
  2.8   retirement age means the higher of age 65 or "retirement age," 
  2.9   as defined in United States Code, title 42, section 416(l), as 
  2.10  amended association. 
  2.11     Sec. 4.  Minnesota Statutes 1994, section 354A.011, 
  2.12  subdivision 15a, is amended to read: 
  2.13     Subd. 15a.  [NORMAL RETIREMENT AGE.] "Normal retirement 
  2.14  age" means age 65 for a person who first became is a member of 
  2.15  the coordinated program of the Minneapolis or St. Paul teachers 
  2.16  retirement fund association or the new law coordinated program 
  2.17  of the Duluth teachers retirement fund association or a member 
  2.18  of a pension fund listed in section 356.30, subdivision 3, 
  2.19  before July 1, 1989.  For a person who first became a member of 
  2.20  the coordinated program of the Minneapolis or St. Paul teachers 
  2.21  retirement fund association or the new law coordinated program 
  2.22  of the Duluth teachers retirement fund association after June 
  2.23  30, 1989, normal retirement age means the higher of age 65 or 
  2.24  retirement age, as defined in United States Code, title 42, 
  2.25  section 416(l), as amended.  For a person who is a member of the 
  2.26  basic program of the Minneapolis or St. Paul teachers retirement 
  2.27  fund association or the old law coordinated program of the 
  2.28  Duluth teachers retirement fund association, normal retirement 
  2.29  age means the age at which a teacher becomes eligible for a 
  2.30  normal retirement annuity computed upon meeting the age and 
  2.31  service requirements specified in the applicable provisions of 
  2.32  the articles of incorporation or bylaws of the respective 
  2.33  teachers retirement fund association. 
  2.34     Sec. 5.  [REPEALER.] 
  2.35     Minnesota Statutes 1994, section 356.82, is repealed. 
  2.36     Sec. 6.  [EFFECTIVE DATE.] 
  3.1      Sections 1 to 5 are effective the day after final enactment.