3rd Engrossment - 86th Legislature (2009 - 2010) Posted on 05/11/2010 07:57am
Engrossments | ||
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Introduction | Posted on 03/12/2009 | |
1st Engrossment | Posted on 04/30/2009 | |
2nd Engrossment | Posted on 05/06/2009 | |
3rd Engrossment | Posted on 05/11/2010 |
Conference Committee Reports | ||
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CCR-SF1481A | Posted on 05/07/2010 |
A bill for an act
relating to state government finance; authorizing retirement incentives for certain
state employees.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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(a) An eligible appointing authority may provide the
retirement incentive in this section to an employee who:
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(1) has at least 15 years of allowable service in one or more of the funds listed in
Minnesota Statutes, section 356.30, subdivision 3, or has at least 15 years of coverage by
the individual retirement account plan governed by Minnesota Statutes, chapter 354B,
and upon retirement is immediately eligible for a retirement annuity or benefit from one
or more of these funds;
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(2) accepts the incentive no later than December 31, 2010, and retires no later than
June 30, 2011; and
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(3) is not in receipt of a retirement plan, retirement annuity, retirement allowance, or
service pension from a fund listed in Minnesota Statutes, section 356.30, subdivision 3,
during the month preceding the termination of qualified employment.
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(b) An eligible appointing authority is any appointing authority in the executive,
legislative, or judicial branch of state government, the Public Employees Retirement
Association, the Minnesota State Retirement System, the Teachers Retirement Association,
or the Minnesota State Colleges and Universities.
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(c) An elected official is not eligible to receive an incentive under this section.
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(d) An employee who, after termination of employment, receives an employer
contribution for health insurance may not receive a payment for health insurance under
this section from that appointing authority.
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For an employee eligible under subdivision 1, the appointing
authority will deposit into the employee's account in the health care savings plan
established in Minnesota Statutes, section 352.98, up to 24 months of the employer
contribution, as specified in the collective bargaining agreement or compensation plan
covering the position from which the employee terminates service, for health and dental
insurance for the employee, and, if the employee had dependent coverage immediately
before retirement, for the employee's dependents. The contributions provided under this
section are those the employee was receiving as of the date of termination, subject to any
changes in contributions specified in the collective bargaining agreement or compensation
plan covering the position from which the employee terminated service.
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Provision of an incentive under
this section is at the discretion of the appointing authority. Appointing authorities in the
executive branch must apply for approval from the commissioner of management and
budget before providing early retirement incentives under this section. All appointing
authorities and the commissioner's review must give consideration to issues such as
equity within the agency, budgetary constraints, and workforce planning concerns. The
appointing authority will determine the date of retirement upon consultation with the
employee. Unilateral implementation of this section by the appointing authority is not an
unfair labor practice under Minnesota Statutes, chapter 179A.
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An employee who is eligible for an incentive under this
section, who is offered an incentive by the appointing authority, and who accepts the
incentive offer must do so in writing. A copy of the acceptance document must be
provided by the appointing authority to the applicable retirement plan within 15 days of
its execution.
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An individual who receives an incentive
payment under this section may not be reemployed or hired as a consultant by any agency
or entity that participates in the State Employee Group Insurance Program for a period
of three years after termination of service.
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The commissioner of management and budget must report to the
legislature by April 2, 2011, regarding use of the retirement incentive for calendar year
2010, with a recommendation regarding renewal of the incentive.
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Section 1 is effective the day following final enactment.
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