Minnesota Legislature
HF 4342
as introduced - 93rd Legislature (2023 - 2024) Posted on 03/11/2024 04:53pm
Bill Text Versions
| Engrossments | ||
|---|---|---|
| Introduction | Posted on 02/27/2024 |
Current Version - as introduced
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A bill for an act
relating to retirement; Public Employees Retirement Association; adding a member
to the board of trustees who is a member of the local government correctional
service retirement plan; amending Minnesota Statutes 2022, section 353.03,
subdivision 1.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2022, section 353.03, subdivision 1, is amended to read:
Subdivision 1.
Management; composition; election.
(a) The management of the Public
Employees Retirement Association is vested in deleted text begin an 11-memberdeleted text end new text begin a 12-membernew text end board of trustees
consisting of deleted text begin tendeleted text end new text begin 11 new text end members and the state auditor.
new text begin (1)new text end The state auditor may designate a deputy auditor with expertise in pension matters
as the auditor's representative on the board.
new text begin (2)new text end The governor shall appoint five trustees to four-year terms, one of whom shall be
designated to represent school boards, one to represent cities, one to represent counties, one
who is a retired annuitant, and one who is a public member knowledgeable in pension
matters.
new text begin (3)new text end The membership of the association, including recipients of retirement annuities and
disability and survivor benefits, shall elect deleted text begin fivedeleted text end new text begin six new text end trustees for terms of four yearsnew text begin . Of the
six trustees elected by the membershipnew text end , one deleted text begin of whomdeleted text end must be a member of the police and
fire deleted text begin funddeleted text end new text begin plan, one must be a member of the local government correctional service retirement
plan, new text end and one deleted text begin of whomdeleted text end must be a former member who met the definition of public employee
under section 353.01, subdivisions 2 and 2a, for at least five years prior to terminating
membership and who is receiving a retirement annuity or a member who receives a disability
benefit. deleted text begin Terms expiredeleted text end new text begin Except as provided in this subdivision, the trustees elected by the
membership must be public employees and members of the association.
new text end
new text begin (b) The term of each member of the board of trustees expires new text end on January 31 of the fourth
year, and positions are vacant until newly elected members are seated. deleted text begin Except as provided
in this subdivision, trustees elected by the membership of the association must be public
employees and members of the association.
deleted text end
deleted text begin (b)deleted text end new text begin (c) new text end For seven days beginning October 1 of each year preceding a year in which an
election is held, the association shall accept filings of candidates for the board of trustees.
A candidate shall submit at the time of filing a nominating petition signed by 25 or more
members of the association. No name may be withdrawn from nomination by the nominee
after October 15. At the request of a candidate for an elected position on the board of trustees,
the board shall provide a statement of up to 300 words prepared by the candidate to all
persons eligible to vote in the election of the candidate. The board may adopt policies and
procedures to govern the form and length of these statements and the timing and deadlines
for submitting materials to be distributed to the eligible voters.
deleted text begin (c)deleted text end new text begin (d) new text end By January 10 of each year in which elections are to be held, the board shall
distribute to the eligible voters the instructions and materials necessary to vote for the
candidates seeking terms on the board of trustees. Eligible voters are the members, retirees,
and other benefit recipients. No voter may vote for more than one candidate for each board
position to be filled. A vote for more than one person for any position is void. No special
marking may be used to indicate incumbents. Votes cast by using paper ballots mailed to
the association must be postmarked no later than January 31. Votes cast by using telephone
or other electronic means authorized under the board's procedures must be entered by the
end of the day on January 31. The design of the voting response media must ensure that
each voter's vote is secret.
deleted text begin (d)deleted text end new text begin (e) new text end A candidate who receives contributions, who makes expenditures in excess of
$100, or who has given implicit or explicit consent for any other person to receive
contributions or make expenditures in excess of $100 for the purpose of bringing about the
candidate's election shall file a report with the campaign finance and public disclosure board
disclosing the source and amount of all contributions to the candidate's campaign. The
campaign finance and public disclosure board shall prescribe forms governing these
disclosures. Expenditures and contributions have the meaning defined in section 10A.01.
These terms do not include any distribution made by the association board on behalf of the
candidate. A candidate shall file a report within 30 days from the day that the results of the
election are announced. The Campaign Finance and Public Disclosure Board shall maintain
these reports and make them available for public inspection in the same manner as the board
maintains and makes available other reports filed with it.
deleted text begin (e)deleted text end new text begin (f) new text end The secretary of state shall review and comment on the procedures defined by
the board of trustees for conducting the elections specified in this subdivision, including
board policies adopted under paragraph deleted text begin (b)deleted text end new text begin (c)new text end .
deleted text begin (f)deleted text end new text begin (g) new text end The board of trustees and the executive director shall undertake their activities
consistent with chapter 356A.
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective the day following final enactment.
new text end