HF 2968

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

A bill for an act
relating to retirement; general employees retirement plan of the Public
Employees Retirement Association; authorizing the purchase of service credit by
certain public golf course employees.

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

Section 1. new text begin PUBLIC EMPLOYEES RETIREMENT ASSOCIATION-GENERAL;
PUBLIC GOLF COURSE EMPLOYEE SERVICE CREDIT PURCHASE.
new text end

new text begin (a) An eligible person described in paragraph (b) is entitled to purchase allowable
service credit from the general employees retirement plan of the Public Employees
Retirement Association for the period of employment by the city of Anoka at the
Greenhaven Golf Course that qualified as employment by a public employee under
Minnesota Statutes, section 353.01, subdivisions 2, 2a, and 2b, that was not previously
credited by the retirement plan.
new text end

new text begin (b) An eligible person is a person who:
new text end

new text begin (1) was born on July 18, 1954;
new text end

new text begin (2) was first employed by the city of Anoka at the Greenhaven Golf Course as a
part-time employee in 1978;
new text end

new text begin (3) was incorrectly characterized as an independent contractor by the city of
Anoka from 1982 to 1998, although the person was provided health insurance and other
employment recognition during portions of that period; and
new text end

new text begin (4) became a member of the general employees retirement plan of the Public
Employees Retirement Association in 1998.
new text end

new text begin (c) The eligible person described in paragraph (b) must apply with the executive
director of the Public Employees Retirement Association to make the service credit
purchase under this section. The application must be in writing and must include all
necessary documentation of the applicability of this section and any other relevant
information that the executive director may require.
new text end

new text begin (d) Allowable service credit under Minnesota Statutes, section 353.01, subdivision
16, must be granted by the general employees retirement plan of the Public Employees
Retirement Association to the account of the eligible person upon the receipt of the prior
service credit purchase payment amount required under Minnesota Statutes, section
356.551.
new text end

new text begin (e) Of the prior service credit purchase payment amount under Minnesota Statutes,
section 356.551, the eligible person must pay an amount equal to the employee
contribution rate or rates in effect during the uncredited employment period applied to the
actual salary rates in effect during the period, plus annual compound interest at the rate of
8.5 percent from the date the member contribution payment should have been made if
made in a timely fashion until the date on which the contribution is actually made. If the
equivalent member contribution payment plus interest is made, the city of Anoka shall pay
the balance of the total prior service credit purchase payment amount under Minnesota
Statutes, section 356.551, within 60 days of notification by the executive director of the
Public Employees Retirement Association of the member contribution equivalent payment.
new text end

new text begin (f) Authority for an eligible person to make a prior service credit purchase under this
section expires on June 30, 2007.
new text end

new text begin (g) If the city of Anoka fails to pay its portion of the prior service credit purchase
payment amount under paragraph (e), the executive director of the Public Employees
Retirement Association must notify the commissioners of finance and revenue of that fact.
The commissioners shall order the deduction of the required payment amount from the
next subsequent payment of any state aid to the city of Anoka and shall transmit the
required payment amount to the general employees retirement fund.
new text end

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

new text begin Section 1 is effective the day following final enactment. new text end