SF 1927

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

A bill for an act
relating to retirement; volunteer firefighter relief
associations; creating a task force to study the
advantages and disadvantages of the creation of a
statewide volunteer firefighter retirement plan;
appropriating money.

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

Section 1. new text begin STUDY OF STATEWIDE LUMP-SUM VOLUNTEER
FIREFIGHTER RETIREMENT PLAN; CREATION OF TASK FORCE.
new text end

new text begin Subdivision 1. new text end

new text begin Task force membership. new text end

new text begin (a) A statewide
Volunteer Firefighter Retirement Plan Study Task Force is
created.
new text end

new text begin (b) The task force members are:
new text end

new text begin (1) four members appointed by the president of the
Minnesota Area Relief Association coalition;
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new text begin (2) four members appointed by the president of the
Minnesota State Fire Department Association;
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new text begin (3) four members appointed by the president of the
Minnesota State Fire Chiefs Association;
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new text begin (4) four members appointed by the board of directors of the
League of Minnesota Cities;
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new text begin (5) two members appointed by the board of directors of the
Insurance Federation of Minnesota;
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new text begin (6) two members appointed by the board of directors of the
Minnesota Association of Farm Mutual Insurance Companies; and
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new text begin (7) the Minnesota state auditor or the auditor's designee.
new text end

new text begin (c) Appointments must be made on or before July 1, 2005.
If the appointment is not made in a timely manner, or if there
is a vacancy, the state auditor shall appoint the task force
member or the replacement member.
new text end

new text begin (d) The chair of the task force shall be selected by the
task force.
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new text begin (e) Administrative services for the task force must be
provided by the Department of Public Safety.
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new text begin Subd. 2. new text end

new text begin Task force duties. new text end

new text begin (a) The task force shall
conduct fact finding regarding the creation of a statewide
volunteer firefighter retirement plan.
new text end

new text begin (b) The task force shall recommend the investment vehicle
or vehicles to be utilized by the plan, the administration and
corporate governance structure of the plan, the incentives
needed to formulate the plan, the limitations applicable to the
plan, and the state resources needed to be dedicated to the plan.
new text end

new text begin Subd. 3. new text end

new text begin Report. new text end

new text begin The task force shall prepare a report
detailing its findings about a potential statewide volunteer
firefighter retirement plan. The report is due January 15,
2006, and must be filed with the Legislative Reference Library;
the chair of the Legislative Commission on Pensions and
Retirement; the chair of the State and Local Governmental
Operations Committee of the senate; the chair of the State
Government, Economic Development, and Judiciary Budget Division
of the senate Finance Committee; the chair of the Governmental
Operations and Veterans Affairs Policy Committee of the house of
representatives; and the chair of the State Government Finance
Committee of the house of representatives.
new text end

Sec. 2. new text begin APPROPRIATION.
new text end

new text begin $40,000 is appropriated from the general fund in fiscal
year 2006 to the commissioner of public safety to hire a
consultant to assist the statewide Volunteer Firefighter
Retirement Plan Study Task Force.
new text end

Sec. 3. new text begin EFFECTIVE DATE.
new text end

new text begin Sections 1 and 2 are effective the day following final
enactment.
new text end