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Minnesota Legislature

Office of the Revisor of Statutes

HF 2583

as introduced - 91st Legislature (2019 - 2020) Posted on 03/18/2019 02:41pm

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

Bill Text Versions

Engrossments
Introduction Posted on 03/18/2019

Current Version - as introduced

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3.1

A bill for an act
relating to retirement; revising the allocation of police and firefighter retirement
supplemental state aid; amending Minnesota Statutes 2018, section 423A.022,
subdivisions 2, 5, by adding a subdivision.

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

Section 1.

Minnesota Statutes 2018, section 423A.022, is amended by adding a subdivision
to read:


new text begin Subd. 1a. new text end

new text begin Definition. new text end

new text begin For purposes of this section, the term "municipalities" includes
independent nonprofit firefighting corporations that participate in the voluntary statewide
volunteer firefighter retirement plan under chapter 353G or are affiliated with volunteer
firefighter relief associations operating under chapter 424A.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective January 1, 2021.
new text end

Sec. 2.

Minnesota Statutes 2018, section 423A.022, subdivision 2, is amended to read:


Subd. 2.

Allocation.

(a) deleted text beginOfdeleted text end The total amount appropriated as supplemental state aiddeleted text begin:deleted text endnew text begin
shall be allocated as provided in this subdivision.
new text end

deleted text begin (1)deleted text end new text begin(b) new text end58.064 percent new text beginof the total amount new text endmust be paid to the executive director of the
Public Employees Retirement Association for deposit in the public employees police and
fire retirement fund established by section 353.65, subdivision 1deleted text begin;deleted text endnew text begin.
new text end

deleted text begin (2)deleted text end new text begin(c) new text end35.484 percent new text beginof the total amount new text endmust be paid to municipalities deleted text beginother thandeleted text end new text beginthat
qualified to receive fire state aid in that calendar year except
new text endmunicipalities solely employing
firefighters with retirement coverage provided by the public employees police and fire
retirement plan deleted text beginwhich qualified to receive fire state aid in that calendar year,deleted text endnew text begin. The
supplemental state aid under this paragraph shall be
new text end allocated new text beginamong the municipalities
entitled to an allocation
new text endin new text beginthe same new text endproportion deleted text begintodeleted text end new text beginthat new text endthe deleted text beginmost recent amount of fire state
aid paid under section 69.021, subdivision 7,
deleted text end new text beginnumber of firefighters who received credit for
a year of service for that calendar year
new text endfor the new text beginfire department affiliated with a new text endmunicipality
bears to the deleted text beginmost recent total fire state aid for all municipalities other than the municipalities
solely employing firefighters with retirement coverage provided by the public employees
police and fire retirement plan paid under section 69.021, subdivision 7, with
deleted text end new text begintotal number
of all firefighters who received credit for a year of service for that calendar year for the fire
departments affiliated with all municipalities entitled to an allocation.
new text endThe allocated amount
for fire departments participating in the voluntary statewide lump-sum volunteer firefighter
retirement plan new text beginshall be new text endpaid to the executive director of the Public Employees Retirement
Association for deposit in the fund established by section 353G.02, subdivision 3, and
credited to the respective account deleted text beginand withdeleted text endnew text begin.new text end The balance new text beginof the allocated amount shall be
new text end paid to the treasurer of each municipality for transmittal within 30 days of receipt to the
treasurer of the applicable volunteer firefighter relief association for deposit in its special
funddeleted text begin; anddeleted text endnew text begin.
new text end

deleted text begin (3)deleted text end new text begin(d) new text end6.452 percent new text beginof the total amount new text endmust be paid to the executive director of the
Minnesota State Retirement System for deposit in the state patrol retirement fund.

deleted text begin (b) For purposes of this section, the term "municipalities" includes independent nonprofit
firefighting corporations that participate in the voluntary statewide lump-sum volunteer
firefighter retirement plan under chapter 353G or with subsidiary volunteer firefighter relief
associations operating under chapter 424A.
deleted text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective January 1, 2021.
new text end

Sec. 3.

Minnesota Statutes 2018, section 423A.022, subdivision 5, is amended to read:


Subd. 5.

Aid termination.

(a) The aid under subdivision 2, deleted text beginparagraph (a), clauses (1)deleted text endnew text begin
paragraphs (b)
new text end and deleted text begin(3)deleted text endnew text begin (d)new text end, continues until the earlier of:

(1) the December 1 following the end of the fiscal year in which the actuarial value of
assets of both the State Patrol retirement plan and the public employees police and fire
retirement plan equals or exceeds 90 percent of the actuarial accrued liabilities as reported
by the actuary retained under section 356.214 in the annual actuarial valuation prepared
under section 356.215; or

(2) July 1, 2048.

(b) The aid under subdivision 2, paragraph deleted text begin(a), clause (2)deleted text endnew text begin (c)new text end, does not terminate.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective January 1, 2021.
new text end