Minnesota Legislature
SF 3601
as introduced - 92nd Legislature (2021 - 2022) Posted on 03/01/2022 09:47am
Current Version - as introduced
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A bill for an act
relating to retirement; public employees police and fire plan; modifying contribution
rates; amending Minnesota Statutes 2020, sections 353.63; 353.65, subdivisions
2, 3.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2020, section 353.63, is amended to read:
353.63 POLICY.
It is the recognized policy of the state that special consideration should be given to
employees of governmental subdivisions who devote their time and skills to protecting the
property and personal safety of others. Since this work is hazardous, special provisions are
hereby made for retirement pensions, disability benefits and survivors benefits based on the
particular dangers inherent in these occupations. The benefits provided in sections 353.63
to 353.68 are more costly than similar benefits for other public employees since they are
computed on the basis of a shorter working lifetime taking into account experience which
has been universally recognized. This extra cost should be borne by the employee and
employer deleted text begin alike at thedeleted text end new text begin in anew text end ratio of new text begin no greater than new text end 40 percent employee contributions and
new text begin no less than new text end 60 percent employer contributionsnew text begin , as determined by the legislaturenew text end .
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective the day following final enactment.
new text end
Sec. 2.
Minnesota Statutes 2020, section 353.65, subdivision 2, is amended to read:
Subd. 2.
Employee contribution.
(a) For members other than members who were active
members of the former Minneapolis Firefighters Relief Association on December 29, 2011,
or for members other than members who were active members of the former Minneapolis
Police Relief Association on December 29, 2011, the employee contribution is an amount
equal to the following percentage of the total salary of each member, as follows:
| before January 1, 2019 |
10.8 percent |
|
| from January 1, 2019, through December 31, 2019 |
11.3 percent |
|
| from January 1, 2020, deleted text begin and thereafterdeleted text end new text begin through June 30, 2022 new text end |
11.8 percent |
|
|
new text begin
from July 1, 2022, and thereafter new text end |
new text begin
7 percent new text end |
(b) For members who were active members of the former Minneapolis Firefighters Relief
Association on December 29, 2011, the employee contribution is an amount equal to eight
percent of the monthly unit value under section 353.01, subdivision 10a, multiplied by 80
and expressed as a biweekly amount for each member. The employee contribution made
by a member with at least 25 years of service credit as an active member of the former
Minneapolis Firefighters Relief Association must be deposited in the postretirement health
care savings account established under section 352.98.
(c) For members who were active members of the former Minneapolis Police Relief
Association on December 29, 2011, the employee contribution is an amount equal to eight
percent of the monthly unit value under section 353.01, subdivision 10b, multiplied by 80
and expressed as a biweekly amount for each member. The employee contribution made
by a member with at least 25 years of service credit as an active member of the former
Minneapolis Police Relief Association must be deposited in the postretirement health care
savings account established under section 352.98.
(d) Contributions under this section must be made by deduction from salary in the manner
provided in subdivision 4. Where any portion of a member's salary is paid from other than
public funds, the member's employee contribution is based on the total salary received from
all sources.
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective the day following final enactment.
new text end
Sec. 3.
Minnesota Statutes 2020, section 353.65, subdivision 3, is amended to read:
Subd. 3.
Employer contribution.
(a) With respect to members other than members who
were active members of the former Minneapolis Firefighters Relief Association on December
29, 2011, or for members other than members who were active members of the former
Minneapolis Police Relief Association on December 29, 2011, the employer contribution
is an amount equal to the following percentage of the total salary of each member, as follows:
| before January 1, 2019 |
16.2 percent |
|
| from January 1, 2019, through December 31, 2019 |
16.95 percent |
|
| from January 1, 2020, deleted text begin and thereafterdeleted text end new text begin through June 30, 2022 new text end |
17.7 percent |
|
|
new text begin
from July 1, 2022, and thereafter new text end |
new text begin
22.5 percent new text end |
(b) With respect to members who were active members of the former Minneapolis
Firefighters Relief Association on December 29, 2011, the employer contribution is an
amount equal to the amount of the member contributions under subdivision 2, paragraph
(b).
(c) With respect to members who were active members of the former Minneapolis Police
Relief Association on December 29, 2011, the employer contribution is an amount equal
to the amount of the member contributions under subdivision 2, paragraph (c).
(d) Contributions under this subdivision must be made from funds available to the
employing subdivision by the means and in the manner provided in section 353.28.
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective the day following final enactment.
new text end