HF 1808

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to retirement; Public Employees Retirement
Association; adding employees of Bridges Medical
Services, in Ada, to privatization coverage; amending
Minnesota Statutes 2004, section 353F.02, subdivision
4.

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

Section 1.

Minnesota Statutes 2004, section 353F.02,
subdivision 4, is amended to read:

Subd. 4.

Medical facility.

"Medical facility" means:

(1) new text begin Bridges Medical Services;
new text end

new text begin (2) new text end the Fair Oaks Lodge, Wadena;

deleted text begin (2) deleted text end new text begin (3) new text end the Glencoe Area Health Center;

deleted text begin (3) deleted text end new text begin (4) new text end the Kanabec Hospital;

deleted text begin (4) deleted text end new text begin (5) new text end the Luverne Public Hospital;

deleted text begin (5) deleted text end new text begin (6) new text end the RenVilla Nursing Home;

deleted text begin (6) deleted text end new text begin (7) new text end the Renville County Hospital in Olivia;

deleted text begin (7) deleted text end new text begin (8) new text end the St. Peter Community Healthcare Center; and

deleted text begin (8) deleted text end new text begin (9) new text end the Waconia-Ridgeview Medical Center.

Sec. 2. new text begin EFFECTIVE DATE.
new text end

new text begin (a) Section 1 is effective upon the later of:
new text end

new text begin (1) the day after the governing body of the city of Ada and
its chief clerical officer timely complete their compliance with
Minnesota Statutes, section 645.021, subdivisions 2 and 3; and
new text end

new text begin (2) the first day of the month next following certification
to the governing body of the city of Ada by the executive
director of the Public Employees Retirement Association that the
actuarial accrued liability of the special benefit coverage
proposed for extension to the privatized Bridges Medical
Services employees under section 1 does not exceed the actuarial
gain otherwise to be accrued by the Public Employees Retirement
Association, as calculated by the consulting actuary retained
under Minnesota Statutes, section 356.214.
new text end

new text begin (b) The cost of the actuarial calculations must be borne by
the city of Ada or the purchaser of Bridges Medical Services.
new text end

new text begin (c) If the required actions under paragraphs (a) and (b)
occur, section 1 applies retroactively to the date of
privatization.
new text end