SF 1951

as introduced - 88th Legislature (2013 - 2014) Posted on 02/28/2014 08:39am

A bill for an act
relating to retirement; police and firefighter retirement state aid; clarifying the
eligibility of independent nonprofit firefighting corporations to receive state aid;
amending Minnesota Statutes 2013 Supplement, section 423A.022, subdivision 2.

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

Section 1.

Minnesota Statutes 2013 Supplement, section 423A.022, subdivision 2,
is amended to read:

Subd. 2.

Allocation.

new text begin (a) new text end Of the total amount appropriated as supplemental state aid:

(1) 58.065 percent must be paid to the executive director of the Public Employees
Retirement Association for deposit in the public employees police and fire retirement fund
established by section 353.65, subdivision 1;

(2) 35.484 percent must be paid to municipalities other than municipalities solely
employing firefighters with retirement coverage provided by the public employees police
and fire retirement plan which qualified to receive fire state aid in that calendar year,
allocated in proportion to the most recent amount of fire state aid paid under section
69.021, subdivision 7, for the municipality bears to the most recent total fire state aid
for all municipalities other than the municipalities solely employing firefighters with
retirement coverage provided by the public employees police and fire retirement plan
paid under section 69.021, subdivision 7, with the allocated amount for fire departments
participating in the voluntary statewide lump-sum volunteer firefighter retirement plan
paid to the executive director of the Public Employees Retirement Association for deposit
in the fund established by section 353G.02, subdivision 3, and credited to the respective
account and with the balance paid to the treasurer of each municipality for transmittal
within 30 days of receipt to the treasurer of the applicable volunteer firefighter relief
association for deposit in its special fund; and

(3) 6.452 percent must be paid to the executive director of the Minnesota State
Retirement System for deposit in the state patrol retirement fund.

new text begin (b) For purposes of this section, the term "municipalities" includes independent
nonprofit firefighting corporations with subsidiary volunteer firefighter relief associations
operating under chapter 424A.
new text end