Minnesota Session Laws - 1992, Regular Session

  

                         Laws of Minnesota 1992 

                        CHAPTER 492-H.F.No. 699 
           An act relating to retirement; judges retirement fund; 
          eliminating the offset for a portion of social 
          security benefits; amending Minnesota Statutes 1991 
          Supplement, section 490.123, subdivision 1a; proposing 
          coding for new law in Minnesota Statutes, chapter 355; 
          repealing Minnesota Statutes 1990, section 490.129. 
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
    Section 1.  [355.393] [SECOND SOCIAL SECURITY COVERAGE 
ELECTION.] 
    A member of the basic program of the judges retirement plan 
governed by sections 490.121 to 490.133 is entitled to elect 
social security coverage in a second social security referendum 
held for that purpose by the department of employee relations.  
The social security coverage is effective on the first of the 
month next following the referendum. 
    Sec. 2.  Minnesota Statutes 1991 Supplement, section 
490.123, subdivision 1a, is amended to read: 
    Subd. 1a.  [MEMBER CONTRIBUTION RATES.] (a) A judge who is 
covered by the federal old age, survivors, disability, and 
health insurance program shall contribute to the fund from each 
salary payment a sum equal to four 6.27 percent of salary.  
    (b) A judge not so covered shall contribute to the fund 
from each salary payment a sum equal to 8.15 percent of salary. 
    (c) The contribution under this subdivision is payable by 
salary deduction. 
    Sec. 3.  [REPEALER.] 
    Minnesota Statutes 1990, section 490.129, is repealed. 
    Sec. 4.  [EFFECTIVE DATE.] 
    Section 2 is effective on the first day of the first 
payroll period occurring after final enactment.  Section 3 is 
effective on July 1, 1992. 
    Presented to the governor April 16, 1992 
    Signed by the governor April 20, 1992, 4:57 p.m.