SF 2294

as introduced - 79th Legislature (1995 - 1996) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to employment; modifying provisions governing 
  1.3             the ambulance service personnel longevity award and 
  1.4             incentive program; changing trust account procedures; 
  1.5             making technical changes; amending Minnesota Statutes 
  1.6             1994, section 144C.06; Minnesota Statutes 1995 
  1.7             Supplement, sections 144C.07, subdivision 2; and 
  1.8             144C.08. 
  1.9   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.10     Section 1.  Minnesota Statutes 1994, section 144C.06, is 
  1.11  amended to read: 
  1.12     144C.06 [TRUST ACCOUNT INVESTMENT.] 
  1.13     The trust account must be invested by the state board of 
  1.14  investment in the income share account of the Minnesota 
  1.15  supplemental investment fund, as provided in governed by section 
  1.16  11A.20 11A.17. 
  1.17     Sec. 2.  Minnesota Statutes 1995 Supplement, section 
  1.18  144C.07, subdivision 2, is amended to read: 
  1.19     Subd. 2.  [POTENTIAL ALLOCATIONS.] (a) On September 
  1.20  November 1, annually, the board or the board's designee under 
  1.21  section 144C.01, subdivision 2, shall determine the amount of 
  1.22  the allocation of the prior year's accumulation to each 
  1.23  qualified ambulance service person.  The prior year's net 
  1.24  investment gain or loss under paragraph (b) must be allocated 
  1.25  and that year's general fund appropriation, plus any transfer 
  1.26  from the suspense account under section 144C.03, subdivision 2, 
  1.27  and after deduction of administrative expenses, also must be 
  2.1   allocated.  
  2.2      (b) The difference in the market value of the assets of the 
  2.3   ambulance service personnel longevity award and incentive trust 
  2.4   account as of the immediately previous June 30 and the June 30 
  2.5   occurring 12 months earlier must be reported on or before August 
  2.6   15 by the state board of investment.  The market value gain or 
  2.7   loss must be expressed as a percentage of the total potential 
  2.8   award accumulations as of the immediately previous June 30, and 
  2.9   that positive or negative percentage must be applied to increase 
  2.10  or decrease the recorded potential award accumulation of each 
  2.11  qualified ambulance service person. 
  2.12     (c) The appropriation for this purpose, after deduction of 
  2.13  administrative expenses, must be divided by the total number of 
  2.14  additional ambulance service personnel years of service 
  2.15  recognized since the last allocation or 1,000 years of service, 
  2.16  whichever is greater.  If the allocation is based on the 1,000 
  2.17  years of service, any allocation not made for a qualified 
  2.18  ambulance service person must be credited to the suspense 
  2.19  account under section 144C.03, subdivision 2.  A qualified 
  2.20  ambulance service person must be credited with a year of service 
  2.21  if the person is certified by the chief administrative officer 
  2.22  of the ambulance service as having rendered active ambulance 
  2.23  service during the 12 months ending as of the immediately 
  2.24  previous June 30.  If the person has rendered prior active 
  2.25  ambulance service, the person must be additionally credited with 
  2.26  one-fifth of a year of service for each year of active ambulance 
  2.27  service rendered before June 30, 1993, but not to exceed in any 
  2.28  year one additional year of service or to exceed in total five 
  2.29  years of prior service.  Prior active ambulance service means 
  2.30  employment by or the provision of service to a licensed 
  2.31  ambulance service before June 30, 1993, as determined by the 
  2.32  person's current ambulance service based on records provided by 
  2.33  the person that were contemporaneous to the service.  The prior 
  2.34  ambulance service must be reported on or before August 15 1 to 
  2.35  the board in an affidavit from the chief administrative officer 
  2.36  of the ambulance service. 
  3.1      Sec. 3.  Minnesota Statutes 1995 Supplement, section 
  3.2   144C.08, is amended to read: 
  3.3      144C.08 [AMBULANCE SERVICE PERSONNEL LONGEVITY AWARD.] 
  3.4      (a) A qualified ambulance service person who has terminated 
  3.5   active ambulance service, who has at least five years of 
  3.6   credited ambulance service, who is at least 50 years old, and 
  3.7   who is among the 400 persons with the greatest amount of 
  3.8   credited ambulance service applying for a longevity award during 
  3.9   that year, is entitled, upon application, to an ambulance 
  3.10  service personnel longevity award.  An applicant whose 
  3.11  application is not approved because of the limit on the number 
  3.12  of annual awards may apply in a subsequent year. 
  3.13     (b) If a qualified ambulance service person who meets the 
  3.14  age and service requirements specified in paragraph (a) dies 
  3.15  before applying for a longevity award, the estate of the 
  3.16  decedent is entitled, upon application, to the decedent's 
  3.17  ambulance service personnel longevity award, without reference 
  3.18  to the limit on the number of annual awards. 
  3.19     (c) An ambulance service personnel longevity award is the 
  3.20  total amount of the person's accumulations indicated in the 
  3.21  person's separate record under section 144C.07 as of the August 
  3.22  15 preceding the application November 1 in the calendar year in 
  3.23  which application is made.  The amount is payable only in a lump 
  3.24  sum. 
  3.25     (d) Applications for an ambulance service personnel 
  3.26  longevity award must be received by the board or the board's 
  3.27  designee under section 144C.01, subdivision 2, by August 15 
  3.28  October 1, annually.  Ambulance service personnel longevity 
  3.29  awards are payable only as of the last business day in October 
  3.30  December annually. 
  3.31     Sec. 4.  [EFFECTIVE DATE.] 
  3.32     (a) Sections 1 to 3 are effective July 1, 1996. 
  3.33     (b) Any investments of the ambulance service personnel 
  3.34  longevity award and incentive trust account made before July 1, 
  3.35  1996, may be retained in the trust account after June 30, 1996, 
  3.36  until, in its judgment, the state board of investment determines 
  4.1   that it is appropriate to liquidate those prior holdings.