as introduced - 91st Legislature (2019 - 2020) Posted on 04/01/2019 03:45pm
A bill for an act
relating to retirement; providing for alternative allocation of fire state aid for the
city of Plymouth; lowering the vesting requirement for the Plymouth Firefighters
Relief Association.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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(a) Notwithstanding any law to the contrary, the city of Plymouth must annually:
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(1) transmit to the Plymouth Firefighters Relief Association an amount of fire state aid
under Minnesota Statutes, sections 69.011 to 69.051, equal to the full fire state aid amount
less any dollars agreed upon between the city of Plymouth and the Plymouth Firefighters
Relief Association for that year;
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(2) transmit the remaining balance of fire state aid as payment of employer contributions
required by Minnesota Statutes, section 353.65, subdivision 3, for its employees who are
members of the public employees police and fire retirement plan; and
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(3) transmit to the Plymouth Firefighters Relief Association any supplemental state aid
received under Minnesota Statutes, section 423A.022.
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(b) This section expires on the effective date of general legislation permitting the
allocation of fire state aid between volunteer firefighter relief associations and the affiliated
municipality, independent nonprofit firefighting corporation, or joint powers entity.
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This section is effective the day after
the governing body of the city of Plymouth and its chief clerical officer timely complete
compliance with Minnesota Statutes, section 645.021, subdivisions 2 and 3.
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The articles of incorporation or bylaws of the Plymouth Firefighters Relief Association
may provide that a member will vest in the member's accrued service pension in accordance
with the following vesting schedule:
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Completed Years of Service new text end |
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Vested Percentage new text end |
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5 new text end |
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40 percent new text end |
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6 new text end |
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52 percent new text end |
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7 new text end |
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64 percent new text end |
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8 new text end |
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76 percent new text end |
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9 new text end |
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88 percent new text end |
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10 new text end |
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or more new text end |
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100 percent new text end |
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Except for the vesting schedule in Minnesota Statutes, section 424A.02, subdivision 2,
paragraph (c), all other requirements of section 424A.02 apply to the Plymouth Firefighters
Relief Association.
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This section is effective the day following final enactment.
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