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HF 1932

as introduced - 87th Legislature (2011 - 2012) Posted on 02/02/2012 10:04am

KEY: stricken = removed, old language.
underscored = added, new language.

Bill Text Versions

Engrossments
Introduction Posted on 01/26/2012

Current Version - as introduced

Line numbers 1.1 1.2 1.3 1.4 1.5
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1.19

A bill for an act
relating to retirement; legislators in the unclassified program first elected after
June 30, 1997; terminating contributions after June 30, 2012; proposing coding
for new law in Minnesota Statutes, chapter 352D.

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

Section 1.

new text begin [352D.045] LEGISLATOR COVERAGE RESTRICTIONS.
new text end

new text begin Subdivision 1. new text end

new text begin Termination of contributions. new text end

new text begin Notwithstanding section 352D.04,
subdivision 2, for any legislator first elected after June 30, 1997, no employee or employer
contributions can be made for legislative service provided after June 30, 2012, and the
legislator is ineligible for coverage for legislative service provided after June 30, 2012, in
any other Minnesota public pension plan.
new text end

new text begin Subd. 2. new text end

new text begin Use of Minnesota state deferred compensation plan. new text end

new text begin This section should
not be interpreted as restricting any legislator's authority to participate in the Minnesota
state deferred compensation plan under section 352.965.
new text end

new text begin Subd. 3. new text end

new text begin Limitation on withdrawals. new text end

new text begin An active legislator who has an unclassified
program account due to legislative service and has further contributions terminated due
to subdivision 1 is not considered to have terminated covered employment for purposes
of section 352D.05.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective July 1, 2012.
new text end