Minnesota Legislature
SF 1332
as introduced - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am
KEY: stricken = removed, old language.
underscored = added, new language.
Current Version - as introduced
1.1 A bill for an act 1.2 relating to retirement; monthly benefit and monthly 1.3 benefit/lump sum option volunteer fire plans; revising 1.4 required support levels for various benefit amounts; 1.5 amending Minnesota Statutes 2002, section 424A.02, 1.6 subdivision 3. 1.7 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.8 Section 1. Minnesota Statutes 2002, section 424A.02, 1.9 subdivision 3, is amended to read: 1.10 Subd. 3. [FLEXIBLE SERVICE PENSION MAXIMUMS.] (a) Annually 1.11 on or before August 1of each yearas part of the certification 1.12 of the financial requirements and minimum municipal 1.13 obligationmade pursuant todetermined under section 69.772, 1.14 subdivision 4, or 69.773, subdivision 5, as applicable, the 1.15 secretary or some other official of the relief association 1.16 designated in the bylaws of each relief association shall 1.17 calculate and certify to the governing body of the applicable 1.18 qualified municipality the average amount of available financing 1.19 per active covered firefighter for the most recent three-year 1.20 period. The amount of available financing shall include any 1.21 amounts of fire state aid received or receivable by the relief 1.22 association, any amounts of municipal contributions to the 1.23 relief association raised from levies on real estate or from 1.24 other available revenue sources exclusive of fire state aid, and 1.25 one-tenth of the amount of assets in excess of the accrued 1.26 liabilities of the relief association calculatedpursuant to2.1sectionsunder section 69.772, subdivision 2; 69.773, 2.2 subdivisions 2 and 4; or 69.774, subdivision 2, if any. 2.3 (b) The maximum service pension which the relief 2.4 association has authority to provide for in its bylaws for 2.5 payment to a member retiring after the calculation date when the 2.6 minimum age and service requirements specified in subdivision 1 2.7 are met must be determined using the table in paragraph (c) or 2.8 (d), whichever applies. 2.9 (c) For a relief association where the governing bylaws 2.10 provide for a monthly service pension to a retiring member, the 2.11 maximum monthly service pension amount per month for each year 2.12 of service credited that may be provided for in the bylaws is 2.13 the maximum service pension figure corresponding to the average 2.14 amount of available financing per active covered firefighter: 2.15 Minimum Average Amount of Maximum Service Pension 2.16 Available Financing per Amount Payable per Month 2.17 Firefighter for Each Year of Service 2.18 $... $ .25 2.19 42 .50 2.20 84 1.00 2.21 126 1.50 2.22 168 2.00 2.23 209 2.50 2.24 252 3.00 2.25 294 3.50 2.26 335 4.00 2.27 378 4.50 2.28 420 5.00 2.29 503 6.00 2.30 587 7.00 2.31 672 8.00 2.32 755 9.00 2.33 839 10.00 2.34 923 11.00 2.35 1007 12.00 2.36 1090 13.00 3.1 1175 14.00 3.2 1259 15.00 3.3 1342 16.00 3.4 1427 17.00 3.5 1510 18.00 3.6 1594 19.00 3.7 1677 20.00 3.8 1762 21.00 3.9 1845 22.00 3.10 1888 22.50 3.11 1929 23.00 3.12 2014 24.00 3.13 2098 25.00 3.14 2183 26.00 3.15 2267 27.00 3.16 2351 28.00 3.17 2436 29.00 3.18 2520 30.00 3.19 2604 31.00 3.20 2689 32.00 3.21 2773 33.00 3.22 2857 34.00 3.23 2942 35.00 3.24 3026 36.00 3.25 3110 37.00 3.263963.... 38.00 3.274047.... 39.00 3.284137.... 40.00 3.29Effective beginning December 31, 2000:3.304227.... 41.00 3.314317.... 42.00 3.324407.... 43.00 3.334497.... 44.00 3.34Effective beginning December 31, 2001:3.354587.... 45.00 3.364677.... 46.00 4.14767.... 47.00 4.24857.... 48.00 4.3Effective beginning December 31, 2002:4.44947.... 49.00 4.55037.... 50.00 4.65127.... 51.00 4.75217.... 52.00 4.8 Effective beginning December 31, 2003: 4.95307.... 53.00 4.105397.... 54.00 4.115487.... 55.00 4.125577.... 56.00 4.13 (d) For a relief association in which the governing bylaws 4.14 provide for a lump sum service pension to a retiring member, the 4.15 maximum lump sum service pension amount for each year of service 4.16 credited that may be provided for in the bylaws is the maximum 4.17 service pension figure corresponding to the average amount of 4.18 available financing per active covered firefighter for the 4.19 applicable specified period: 4.20 Minimum Average Amount Maximum Lump Sum Service 4.21 of Available Financing Pension Amount Payable 4.22 per Firefighter for Each Year of Service 4.23 $.. $10 4.24 11 20 4.25 16 30 4.26 23 40 4.27 27 50 4.28 32 60 4.29 43 80 4.30 54 100 4.31 65 120 4.32 77 140 4.33 86 160 4.34 97 180 4.35 108 200 4.36 131 240 5.1 151 280 5.2 173 320 5.3 194 360 5.4 216 400 5.5 239 440 5.6 259 480 5.7 281 520 5.8 302 560 5.9 324 600 5.10 347 640 5.11 367 680 5.12 389 720 5.13 410 760 5.14 432 800 5.15 486 900 5.16 540 1000 5.17 594 1100 5.18 648 1200 5.19 702 1300 5.20 756 1400 5.21 810 1500 5.22 864 1600 5.23 918 1700 5.24 972 1800 5.25 1026 1900 5.26 1080 2000 5.27 1134 2100 5.28 1188 2200 5.29 1242 2300 5.30 1296 2400 5.31 1350 2500 5.32 1404 2600 5.33 1458 2700 5.34 1512 2800 5.35 1566 2900 5.36 1620 3000 6.1 1672 3100 6.2 1726 3200 6.3 1753 3250 6.4 1780 3300 6.5 1820 3375 6.6 1834 3400 6.7 1888 3500 6.8 1942 3600 6.9 1996 3700 6.10 2023 3750 6.11 2050 3800 6.12 2104 3900 6.13 2158 4000 6.14 2212 4100 6.15 2265 4200 6.16 2319 4300 6.17 2373 4400 6.18 2427 4500 6.19 2481 4600 6.20 2535 4700 6.21 2589 4800 6.22 2643 4900 6.23 2697 5000 6.24 2751 5100 6.25 2805 5200 6.26 2859 5300 6.27 2913 5400 6.28 2967 5500 6.29Effective beginning December 31, 2000:6.30 3021 5600 6.31 3075 5700 6.32 3129 5800 6.33 3183 5900 6.34 3237 6000 6.35Effective beginning December 31, 2001:6.36 3291 6100 7.1 3345 6200 7.2 3399 6300 7.3 3453 6400 7.4 3507 6500 7.5Effective beginning December 31, 2002:7.6 3561 6600 7.7 3615 6700 7.8 3669 6800 7.9 3723 6900 7.10 3777 7000 7.11 Effective beginning December 31, 2003: 7.12 3831 7100 7.13 3885 7200 7.14 3939 7300 7.15 3993 7400 7.16 4047 7500 7.17 (e) For a relief association in which the governing bylaws 7.18 provide for a monthly benefit service pension as an alternative 7.19 form of service pension payment to a lump sum service pension, 7.20 the maximum service pension amount for each pension payment type 7.21 must be determined using the applicable table contained in this 7.22 subdivision. 7.23 (f) If a relief association establishes a service pension 7.24 in compliance with the applicable maximum contained in paragraph 7.25 (c) or (d) and the minimum average amount of available financing 7.26 per active covered firefighter is subsequently reduced because 7.27 of a reduction in fire state aid or because of an increase in 7.28 the number of active firefighters, the relief association may 7.29 continue to provide the prior service pension amount specified 7.30 in its bylaws, but may not increase the service pension amount 7.31 until the minimum average amount of available financing per 7.32 firefighter under the table in paragraph (c) or (d), whichever 7.33 applies, permits. 7.34 (g) No relief association is authorized to provide a 7.35 service pension in an amount greater than the largest applicable 7.36 flexible service pension maximum amount even if the amount of 8.1 available financing per firefighter is greater than the 8.2 financing amount associated with the largest applicable flexible 8.3 service pension maximum. 8.4 Sec. 2. [EFFECTIVE DATE.] 8.5 Section 1 is effective the day following final enactment.