1.1 	A bill for an act
1.2 	relating to retirement; authorizing the Maplewood
1.3 	Firefighters Relief Association to transfer assets to
1.4 	the Oakdale Firefighters Relief Association to cover
1.5 	service credits earned by certain individuals.
1.6 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.7 	Section 1. TRANSFER OF ASSETS.
 1.8 	Notwithstanding any limitations in Minnesota Statutes,
1.9 	section 424A.02, subdivision 13, or other provisions of law, the
1.10 	Maplewood Firefighters Relief Association may transfer assets
1.11 	from its special fund to the Oakdale Firefighters Relief
1.12 	Association representing the value of the accumulated service
1.13 	credit for six current members of the Oakdale Firefighters
1.14 	Relief Association who are currently eligible to receive a
1.15 	combined service pension for firefighter service in both
1.16 	associations.  The transfer of the assets from the Maplewood
1.17 	Firefighters Relief Association to the Oakdale Firefighters
1.18 	Relief Association shall be in an amount representing the
1.19 	cumulative value of the service credit earned by the six members
1.20 	of the Oakdale Firefighters Relief Association for the service
1.21 	credit they accrued while working for the Maplewood Fire
1.22 	Department.  The amount of the assets to be transferred will
1.23 	require the joint agreement of both relief associations and the
1.24 	cities of Maplewood and Oakdale.  The agreement shall be
1.25 	expressed in the form of resolutions adopted by each entity.
2.1 	The resolutions shall specify the amount of assets to be
2.2 	transferred, the amount of liabilities to be transferred, and
2.3 	the amount of service credit each of the six individuals will
2.4 	receive in the Oakdale Firefighters Relief Association.  Upon
2.5 	the agreement of both relief associations and both cities, the
2.6 	assets, liabilities, and service credit of the six individuals
2.7 	shall be transferred to the Oakdale Firefighters Relief
2.8 	Association, and the Maplewood Firefighters Relief Association
2.9 	shall be relieved of any obligation to those six individuals.

2.10 	Sec. 2. EFFECTIVE DATE.
 2.11 	Section 1 is effective upon compliance with Minnesota
2.12 	Statutes, section 645.023, by the cities of Maplewood and
2.13 	Oakdale.