Minnesota Session Laws - 1991, Regular Session

  

                         Laws of Minnesota 1991 

                         CHAPTER 96-H.F.No. 579 
           An act relating to retirement; contributions and 
          benefit computation for members of the Richfield 
          police relief association; amending Laws 1965, chapter 
          458, sections 2, 4, and by adding a section; repealing 
          Laws 1957, chapter 455, section 2, subdivision 3. 
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
     Section 1.  [UNIT VALUE.] 
    "Unit" means, for the Richfield police relief association, 
that fractional part of the average monthly salary, including 
amounts paid as college incentive pay, of a first grade patrol 
officer for the 12 months of the previous calendar year, as 
determined by the articles of incorporation of the association, 
which fractional part shall never be less than 1/90 nor greater 
than 1/75 of average monthly salary. 
    Sec. 2.  Laws 1965, chapter 458, section 2, is amended to 
read: 
    Sec. 2.  An amount equal to six eight percent of the 
regular monthly salary of the highest paid patrolman patrol 
officer in the city police department, exclusive of all moneys 
for special assignments, allowances, or longevity payments, 
shall be deducted from the monthly salary of each police officer 
of the city and shall be paid into the policemen's police 
pension fund of the city.  Amounts paid as college incentive pay 
are included in the calculation of regular monthly salary and 
subject to deductions. 
    Sec. 3.  Laws 1965, chapter 458, section 4, is amended to 
read: 
    Sec. 4.  No member of the police department of the city 
shall be eligible to receive a service pension until he reaches 
the age of 55 50 years. 
    Sec. 4.  Laws 1965, chapter 458, section 4, is amended by 
adding a section to read: 
    Sec. 4a.  For members retiring at age 55, the unit used in 
computing pensions is 1/75 of the average monthly salary, 
including amounts paid as college incentive pay, of a first 
grade patrol officer for the 12 months of the previous calendar 
year.  For members retiring at ages between 50 and 55, the unit 
is the following fractional part of the average monthly salary, 
including amounts paid as college incentive pay, of a first 
grade patrol officer for the 12 months of the previous calendar 
year: 
          Age                Fractional part 
          50                     1/80  
          51                     1/79  
          52                     1/78  
          53                     1/77  
          54                     1/76  
    No member of the Richfield police relief association shall 
be subject to a reduction of accrued benefits for deferring the 
receipt of a service pension. 
    Sec. 5.  [REPEALER.] 
    Laws 1957, chapter 455, section 2, subdivision 3, is 
repealed. 
    Sec. 6.  [EFFECTIVE DATE.] 
    Sections 1 to 5 are effective upon an affirmative vote by 
the Richfield police relief association to consolidate with the 
public employees retirement association under Minnesota 
Statutes, section 353A.04, and on approval of sections 1 to 5 by 
the Richfield city council and compliance with Minnesota 
Statutes, section 645.021.  Sections 1 and 2 are retroactive to 
January 1, 1990.  Retroactive benefit payments under section 1 
are payable in a lump sum as soon as practicable after the 
effective date, but are not payable to an estate. 
    Presented to the governor May 14, 1991 
    Signed by the governor May 17, 1991, 11:27 a.m.