HF 3341

as introduced - 81st Legislature (1999 - 2000) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to retirement; public employees retirement 
  1.3             association; authorizing the purchase of service 
  1.4             credit for a period of Hennepin county employment for 
  1.5             which deductions were withheld but not deposited. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  [PUBLIC EMPLOYEES RETIREMENT ASSOCIATION; 
  1.8   SERVICE CREDIT PURCHASE FOR UNCREDITED HENNEPIN COUNTY 
  1.9   EMPLOYMENT.] 
  1.10     (a) An eligible person described in paragraph (b) is 
  1.11  entitled to obtain one year of allowable service credit from the 
  1.12  general employees retirement plan of the public employees 
  1.13  retirement association. 
  1.14     (b) An eligible person is a person who: 
  1.15     (1) was born April 12, 1936; 
  1.16     (2) retired from the teachers retirement association on 
  1.17  July 1, 1997; 
  1.18     (3) is currently a recipient of a retirement annuity from 
  1.19  the teachers retirement association and a retirement annuity 
  1.20  from the general state employees retirement plan of the 
  1.21  Minnesota state retirement system; and 
  1.22     (4) was employed during the period September 1966 through 
  1.23  September 1967 by Hennepin county as a parole officer, when 
  1.24  member contributions for retirement coverage were deducted, but 
  1.25  for which no allowable service credit in the general employees 
  2.1   retirement plan of the public employees retirement association 
  2.2   was recorded. 
  2.3      (c) Notwithstanding any provision of Minnesota Statutes, 
  2.4   sections 353.29, subdivision 7, and 356.30, to the contrary, an 
  2.5   eligible person may file an application for a retirement annuity 
  2.6   from the general employee retirement plan of the public 
  2.7   employees retirement association retroactive to July 1, 1997, 
  2.8   with benefits paid retroactive to that date, and may have the 
  2.9   annuity calculated as a combined service annuity. 
  2.10     (d) The allowable service credit must be granted by the 
  2.11  public employees retirement association upon the filing of a 
  2.12  valid retirement application by the eligible person. 
  2.13     (e) Within 30 days of the receipt of that application by 
  2.14  the public employees retirement association and notification by 
  2.15  the public employees retirement association to the county 
  2.16  administrator, Hennepin county may pay one-half of the prior 
  2.17  service credit purchase payment amount calculated under 
  2.18  Minnesota Statutes, section 356.55.  If Hennepin county does not 
  2.19  pay the required amount in a timely fashion, the executive 
  2.20  director of the public employees retirement association shall 
  2.21  notify the commissioner of finance of that fact and the 
  2.22  commissioner shall deduct from any state aid or state 
  2.23  appropriation payable to Hennepin county that amount, plus 
  2.24  interest on that amount of 1.5 percent per month for each month 
  2.25  or portion of a month from the filing of the retirement 
  2.26  application under paragraph (d) to the date of deduction. 
  2.27     (f) An amount equal to one-half of the prior service credit 
  2.28  purchase payment amount calculated under Minnesota Statutes, 
  2.29  section 356.55, must be charged against the public employees 
  2.30  retirement association as an administrative expense. 
  2.31     (g) This allowable service credit provision expires on 
  2.32  January 1, 2001. 
  2.33     Sec. 2.  [EFFECTIVE DATE.] 
  2.34     Section 1 is effective on the day following final enactment.