1.1 	A bill for an act
1.2 	relating to retirement; Minneapolis Firefighters'
1.3 	Relief Association; clarifying the service credit
1.4 	afforded to relief association members; exempting the
1.5 	relief association from certain requirements;
1.6 	recomputing disability benefits; prohibiting
1.7 	reductions in pension benefits; amending Minnesota
1.8 	Statutes 2004, section 423C.05, subdivision 2;
1.9 	proposing coding for new law in Minnesota Statutes,
1.10 	chapter 423C.
1.11 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.12 	Section 1. Minnesota Statutes 2004, section 423C.05,
1.13 	subdivision 2, is amended to read:
1.14 		Subd. 2.Service pension.  (a) ~~An active~~ A member who has
1.15 	performed duty for the fire department for five years or more,
1.16 	upon written application after retiring from duty and reaching
1.17 	at least age 50, is entitled to be paid monthly for life a
1.18 	service pension under paragraph (b).
1.19 	(b) ~~Based on the percentage that the actuarial value of~~
1.20 	~~assets of the special fund equal to the actuarial accrued~~
1.21 	~~liabilities of the special fund according to the most recent~~
1.22 	~~annual actuarial valuation of the relief association prepared in~~
1.23 	~~accordance with sections 356.215 and 356.216,~~The amount of the
1.24 	service pension is as follows:
1.25 	Length of ~~Service Service Service~~ 
1.26 	allowable ~~pension pension pension~~ 
1.27 	service ~~payable if payable payable if~~ 
1.28 	credit ~~under 90 if greater greater~~
2.1 	             ~~percent than 89.99than 92.49~~
2.2 	                            ~~percent and percent~~
2.3 	                            ~~less than~~ Number of 
2.4 	~~92.5 percent~~ units 
2.5 	5 years~~-8.0 units~~ 8.0 units
2.6 	 6 years~~-9.6 units~~ 9.6 units
2.7 	 7 years~~-11.2 units~~ 11.2 units
2.8 	 8 years~~-12.8 units~~ 12.8 units
2.9 	 9 years~~-14.4 units~~ 14.4 units
2.10 	10 years ~~16.0 units 16.0 units~~ 16.0 units
2.11 	11 years ~~17.6 units 17.6 units~~ 17.6 units
2.12 	12 years ~~19.2 units 19.2 units~~ 19.2 units
2.13 	13 years ~~20.8 units 20.8 units~~ 20.8 units
2.14 	14 years ~~22.4 units 22.4 units~~ 22.4 units
2.15 	15 years ~~24.0 units 24.0 units~~ 24.0 units
2.16 	16 years ~~25.6 units 25.6 units~~ 25.6 units
2.17 	17 years ~~27.2 units 27.2 units~~ 27.2 units
2.18 	18 years ~~28.8 units 28.8 units~~ 28.8 units
2.19 	19 years ~~30.4 units 30.4 units~~ 30.4 units
2.20 	20 years ~~33.0 units 33.5 units~~ 34.0 units
2.21 	21 years ~~34.6 units 35.1 units~~ 35.6 units
2.22 	22 years ~~36.2 units 37.7 units~~ 37.2 units
2.23 	23 years ~~37.8 units 38.3 units~~ 38.8 units
2.24 	24 years ~~39.4 units 39.9 units~~ 40.4 units
2.25 	25 years
2.26 	 or more ~~41.0 units 41.5 units~~ 42.0 units
2.27 	(c) A member entitled to a benefit under this subdivision
2.28 	may elect to have it paid as an optional retirement annuity
2.29 	pursuant to the conditions set forth in subdivision 8.  A member
2.30 	receiving a benefit pursuant to subdivision 5 or 6 shall not
2.31 	simultaneously be entitled to a benefit under this subdivision.

2.32 	Sec. 2. [423C.16] RECOMPUTATION OF DISABLED BENEFIT
2.33 	PROHIBITED.
2.34 	Notwithstanding section 423A.11, the Board of Trustees of
2.35 	the Minneapolis Firefighters' Relief Association shall not
2.36 	recompute the disability benefit of a member who became
3.1 	permanently disabled as the result of a service-related disease
3.2 	or injury.  Any prior recomputation of a disabled member's
3.3 	service-related disability pension shall be revoked upon the
3.4 	member's request and upon the member's signed and sworn
3.5 	agreement to waive any right to a recomputation of the benefit
3.6 	in the future.  Non-service-related disability pension benefits
3.7 	that were recomputed at full 25-year service pensions shall
3.8 	remain in effect.

3.9 	Sec. 3. [423C.17] PROHIBITING PENSION BENEFIT
3.10 	REDUCTIONS.
3.11 	Once a pension benefit is properly paid to any member
3.12 	according to this chapter, the dollar amount of the pension
3.13 	benefit shall not be reduced.

3.14 	Sec. 4. EFFECTIVE DATE.
 3.15 	Sections 1 to 3 are effective the day following final
3.16 	enactment.