HF 4020

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

A bill for an act
relating to retirement; allowing extension of Rule of 90 eligibility and additional
service credit purchase.

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

Section 1. new text begin EXTENSION OF RULE OF 90 ELIGIBILITY; ADDITIONAL
SERVICE CREDIT PURCHASE IN PERA-GENERAL.
new text end

new text begin (a) An eligible person under paragraph (b), upon making the payment required under
paragraph (c), shall be treated as a person who commenced employment covered by the
Public Employees Retirement Association general plan prior to July 1, 1989, for purposes
of qualifying for eligibility under Minnesota Statutes, section 353.30, subdivisions 1, 1a,
1b, and 1c, notwithstanding the person's actual first date of Public Employees Retirement
Association general plan coverage.
new text end

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

new text begin (1) was born on November 25, 1964;
new text end

new text begin (2) provided service in the United States Army from October 1983 until October
1985, when an honorable discharge was received;
new text end

new text begin (3) first became a Public Employees Retirement Association general plan covered
employee after being hired by Independent School District No. 279, Osseo, on June
2, 1990;
new text end

new text begin (4) is a current active member of the Public Employees Retirement Association
general plan due to employment as the director of buildings and grounds for Independent
School District No. 877, Buffalo; and
new text end

new text begin (5) purchased service credit for all or part of the period of military service specified
in clause (2) under Minnesota Statutes, section 353.01, subdivision 16a.
new text end

new text begin (c) To receive the treatment specified in paragraph (a), an eligible person shall
make an additional lump sum payment amount determined under Minnesota Statutes,
section 356.551, to cover the additional liability to the Public Employees Retirement
Association general plan imposed by providing the eligible person access to eligibility
under Minnesota Statutes, section 353.30, subdivisions 1, 1a, 1b, and 1c. If the earlier
service credit purchase under paragraph (b), clause (5), did not include the entire period
of military service, the purchase under this paragraph must include a purchase of the
remainder of this period.
new text end

new text begin (d) An eligible person shall provide the executive director of the Public Employees
Retirement Association with any relevant requested documentation.
new text end

new text begin (e) This provision expires upon termination of employment covered by the Public
Employees Retirement Association general plan, or July 1, 2007, whichever is earlier.
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