as introduced - 82nd Legislature (2001 - 2002) Posted on 12/15/2009 12:00am
1.1 A bill for an act 1.2 relating to retirement; extending the expiration date 1.3 for certain prior service credit purchase 1.4 authorizations; amending Minnesota Statutes 2001 1.5 Supplement, section 356.55, subdivision 7; Laws 1999, 1.6 chapter 222, article 16, section 16. 1.7 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.8 Section 1. Minnesota Statutes 2001 Supplement, section 1.9 356.55, subdivision 7, is amended to read: 1.10 Subd. 7. [EXPIRATION OF PURCHASE PAYMENT DETERMINATION 1.11 PROCEDURE.] (a) This section expires and is repealed on July 1.12 1,20032005. 1.13 (b) Authority for any public pension plan to accept a prior 1.14 service credit payment calculated in a timely fashion under this 1.15 section expires on October 1,20032005. 1.16 Sec. 2. Laws 1999, chapter 222, article 16, section 16, is 1.17 amended to read: 1.18 Sec. 16. [REPEALER.] 1.19 Sections 1 to 13 are repealed on May 16,20022005. 1.20 Sec. 3. [EFFECTIVE DATE.] 1.21 Sections 1 and 2 are effective the day following final 1.22 enactment.