Minnesota Session Laws - 1983, Regular Session

  

                         Laws of Minnesota 1983 

                         CHAPTER 72--H.F.No. 430
           An act relating to retirement; authorizing the 
          purchase of annuity contracts for retiring Tracy 
          firefighters. 
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
    Section 1.  [TRACY FIREFIGHTERS; ANNUITY CONTRACTS.] 
    Notwithstanding any provision of Minnesota Statutes, 
section 424A.02, or any other law, the Tracy firefighter's 
relief association may utilize the amount of the accrued lump 
sum service pension otherwise payable to a retiring firefighter 
to purchase an annuity contract for a retiring member who 
qualifies for a service pension pursuant to section 424A.02 and 
the articles and bylaws of the association.  
     Sec. 2.  [EFFECTIVE DATE.] 
     Section 1 is effective upon approval by the Tracy city 
council and compliance with Minnesota Statutes, section 645.021. 
    Approved April 29, 1983