as introduced - 88th Legislature (2013 - 2014) Posted on 02/25/2013 02:17pm
A bill for an act
relating to retirement; Minnesota State Colleges and Universities; extending the
duration of an early retirement incentive program; amending Minnesota Statutes
2012, section 136F.481; Laws 2009, chapter 169, article 6, section 1.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2012, section 136F.481, is amended to read:
(a) Notwithstanding any provision of law to the contrary, the Board of Trustees
of the Minnesota State Colleges and Universities may offer a targeted early separation
incentive program for its employees.
(b) The early separation incentive program may include one or both of the following:
(1) cash incentives, not to exceed one year of base salary; or
(2) employer contributions to the postretirement healthcare savings plan established
under section 352.98.
(c) To be eligible to receive an incentive, an employee must be at least age 55
and must have at least five years of employment by the Minnesota State Colleges and
Universities System. The board of trustees shall establish the eligibility requirements for
system employees to receive an incentive. The board of trustees shall file a copy of its
proposed eligibility requirements with the chairs and ranking members of the senate
committee deleted text beginondeleted text end new text beginnew text endhigher education new text beginnew text endand the deleted text beginHigher Education
budget and Policydeleted text end new text beginnew text enddivision deleted text beginof the senate Committee on Financedeleted text end new text beginnew text endand with the chair and ranking members of the deleted text beginHigher
Education and Workforce Development Finance and Policy Division of the Finance
deleted text end committee deleted text beginofdeleted text end new text beginnew text endthe house of representatives new text beginnew text endat least 30 days before
their final adoption by the board of trustees, shall post the same document on the system
Web site at the same time, and shall hold a public hearing on the proposed eligibility
requirements. The type and any additional amount of the incentive to be offered may vary
by employee classification, as specified by the board.
(d) The president of a college or university, consistent with paragraphs (b) and
(c), may designate:
(1) specific departments or programs at the college or university whose employees
are eligible to be offered the incentive program; or
(2) positions at the college or university eligible to be offered the incentive program.
(e) The chancellor, consistent with paragraphs (b) and (c), may designate:
(1) system office divisions whose employees are eligible to be offered the incentive
(2) positions at the system office eligible to be offered the incentive program.
(f) Acceptance of the offered incentive must be voluntary on the part of the employee
and must be in writing. The incentive may only be offered at the sole discretion of the
president of the applicable college or university.
(g) A decision by the president of a college or university or by the chancellor not to
offer an incentive may not be challenged.
(h) The cost of the incentive is payable by the college or university on whose behalf
the president offered the incentive or from the system office budget if the chancellor offered
the incentive. If a college or university is merged, the remaining cost of any early separation
incentive must be borne by the successor institution. If a college or university is closed,
the remaining cost of any early separation incentive must be borne by the board of trustees.
(i) Annually, the chancellor and the president of each college or university must
report on the number and types of early separation incentives which were offered and
utilized under this section. The report must be filed annually with the board of trustees and
with the Legislative Reference Library on or before September 1.
Laws 2009, chapter 169, article 6, section 1, the effective date, is amended to
This section is effective the day following final
enactment deleted text beginand expires June 30, 2014deleted text end.
new text begin new text end