HF 1800

as introduced - 88th Legislature (2013 - 2014) Posted on 04/22/2013 11:58am

A bill for an act
relating to pensions; adjusting benefits for certain former members of a local
salaried police and fire relief association; amending Minnesota Statutes 2012,
section 353A.08, by adding a subdivision.

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

Section 1.

Minnesota Statutes 2012, section 353A.08, is amended by adding a
subdivision to read:

new text begin Subd. 9. new text end

new text begin Police and fire adjustment. new text end

new text begin (a) The executive director of the Public
Employees Retirement Association shall adjust the service, disability, and surviving
spouse pensions or benefits for any person who was a former member of a local salaried
police or firefighters relief association governed by chapter 423A that consolidated with
the Public Employees Retirement Association Police and Fire Fund under chapters 353A
and 353B who retained the benefits under the local police or firefighters relief association
laws. Benefits must be adjusted according to paragraph (b).
new text end

new text begin (b) Effective July 1, 2013, the pension, disability, and survivor benefits of persons
described in paragraph (a) must be adjusted as follows: all persons receiving a service or
disability pension must have their benefits increased to $38,000 annually or by 20 percent,
whichever amount is less. All surviving spouses who receive a benefit must have their
benefits increased to $30,000 annually or by 20 percent, whichever amount is less.
new text end

new text begin (c) Benefits as adjusted by paragraph (b) must continue to be adjusted on January
1, 2014, according to postretirement adjustments by the Public Employees Retirement
Association Police and Fire Fund.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end