353A.01 LEGISLATIVE INTENT AND POLICY.
Subdivision 1. Voluntary consolidation authorized.
It is the intent and policy of the
legislature in sections
to authorize, on a voluntary elective basis, any local
police or salaried firefighters relief association and the respective municipality to effect the
consolidation of the local relief association with the Public Employees Retirement Association
established by chapter 353.
Subd. 2. Savings clause.
A consolidation under Laws 1987, chapter 296, does not impair or
diminish benefits for an active, deferred, or retired member or a survivor of an active, deferred,
or retired member who elects to retain benefits under the relief association plan in existence at
the time of a consolidation.
History: 1987 c 296 s 8; 1991 c 341 s 25