Minnesota Session Laws - 1993, Regular Session

  
    Laws of Minnesota 1993 

                         CHAPTER 72-H.F.No. 783 
           An act relating to the city of Albert Lea; actuarial 
          assumptions for the Albert Lea fire department relief 
          association.  
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
    Section 1.  [ALBERT LEA FIREFIGHTERS RELIEF; ACTUARIAL 
ASSUMPTIONS.] 
    Notwithstanding any provision of Minnesota Statutes, 
section 69.77, 356.215, or 356.216, to the contrary, in 
preparing the actuarial valuations of the Albert Lea fire 
department relief association, the following actuarial 
assumptions must be used:  
    (1) preretirement interest, six percent; 
    (2) postretirement interest, six percent; and 
    (3) salary increase, four percent.  
    Sec. 2.  [EFFECTIVE DATE; LOCAL APPROVAL.] 
    Section 1 is effective on December 31 next following 
approval by the Albert Lea city council and compliance with 
Minnesota Statutes, section 645.021. 
    Presented to the governor April 30, 1993 
    Signed by the governor May 4, 1993, 1:55 p.m.