HF 2667

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

A bill for an act
relating to retirement; providing for certain pension benefits upon privatization
of the city of Cannon Falls Hospital; amending Minnesota Statutes 2005
Supplement, section 353F.02, subdivision 4.

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

Section 1.

Minnesota Statutes 2005 Supplement, section 353F.02, subdivision 4,
is amended to read:

Subd. 4.

Medical facility.

"Medical facility" means:

(1) Bridges Medical Services;

(2) new text begin the city of Cannon Falls Hospital;
new text end

new text begin (3) new text end the Fair Oaks Lodge, Wadena;

deleted text begin (3) deleted text end new text begin (4) new text end the Glencoe Area Health Center;

deleted text begin (4) deleted text end new text begin (5) new text end the Hutchinson Area Health Care;

deleted text begin (5) deleted text end new text begin (6) new text end the Kanabec Hospital;

deleted text begin (6) deleted text end new text begin (7) new text end the Luverne Public Hospital;

deleted text begin (7) deleted text end new text begin (8) new text end the Northfield Hospital;

deleted text begin (8) deleted text end new text begin (9) new text end the RenVilla Nursing Home;

deleted text begin (9) deleted text end new text begin (10) new text end the Renville County Hospital in Olivia;

deleted text begin (10) deleted text end new text begin (11) new text end the St. Peter Community Healthcare Center; and

deleted text begin (11) deleted text end new text begin (12) new text end the Waconia-Ridgeview Medical Center.

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

new text begin Section 1 is effective upon the latter of:
new text end

new text begin (1) the day after the governing body of the Cannon Falls Hospital District and its
chief clerical officer meet the requirements under Minnesota Statutes, section 645.021,
subdivisions 2 and 3; and
new text end

new text begin (2) the first day of the month following certification to the Cannon Falls Hospital
District 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 city of Cannon Falls Hospital 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.
The cost of the actuarial calculations must be borne by the current employer or by the
entity which is the employer following the privatization.
new text end