SF 2745

as introduced - 80th Legislature (1997 - 1998) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to retirement; providing early retirement 
  1.3             incentives for certain employees in the department of 
  1.4             public safety. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [EARLY RETIREMENT INCENTIVE.] 
  1.7      Subdivision 1.  [ELIGIBILITY.] The incentive in subdivision 
  1.8   2 is available to any employee of the bureau of criminal 
  1.9   apprehension in the department of public safety who: 
  1.10     (1) has attained the age of 55; 
  1.11     (2) is covered by the state patrol retirement fund and is 
  1.12  eligible to receive an annuity from that fund at the time of 
  1.13  retirement; 
  1.14     (3) is receiving the full employer contribution for health 
  1.15  and dental coverage immediately before retirement, or is on an 
  1.16  unpaid leave of absence immediately before retirement which 
  1.17  began not more than six months before retirement, during which 
  1.18  leave the employee continues to be covered by the state group 
  1.19  insurance program by employee payment of premiums; and 
  1.20     (4) retires after June 30, 1997, and before July 1, 1998. 
  1.21     Subd. 2.  [INCENTIVE.] For an employee who meets the 
  1.22  requirements of subdivision 1, the employer shall pay the full 
  1.23  employer contribution, as specified in the employee's respective 
  1.24  collective bargaining agreement or compensation plan, for health 
  1.25  and dental insurance for the employee and, if the employee had 
  2.1   dependent coverage immediately before retirement, for the 
  2.2   employee's dependents.  Notwithstanding Minnesota Statutes, 
  2.3   section 179A.20, subdivision 2a, the employer contributions 
  2.4   under this subdivision shall continue until the employee reaches 
  2.5   age 65.  The postretirement health and dental insurance coverage 
  2.6   provided under this section is that coverage the employee was 
  2.7   receiving as of the date of retirement, subject to any changes 
  2.8   in coverage specified in the respective collective bargaining 
  2.9   agreement or compensation plan. 
  2.10     Subd. 3.  [PRE-55 INCENTIVE.] An employee who meets the 
  2.11  conditions in subdivision 1 but has attained the age of 50 but 
  2.12  not yet 55 at the time of retirement shall receive until age 65 
  2.13  an employer contribution of 120 times the amount of the monthly 
  2.14  employer contribution applicable to the employee at the time of 
  2.15  retirement, divided by the number of months from the date of 
  2.16  retirement until the employee attains age 65. 
  2.17     Sec. 2.  [EFFECTIVE DATE.] 
  2.18     Section 1 is effective the day following final enactment.