language to be deleted (2) new language
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
four6.27 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 Minnesota Statutes 1990, section 490.129, is repealed.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.