2004 Minnesota Statutes

     383B.46 Supplemental retirement account. 

    Subdivision 1.    Eligibility for coverage.  Any person 
 who was employed by the county of Hennepin or its agencies, 
 boards, commissions, authorities and committees prior to April 
 14, 1982 as an employee or an officer in the classified service 
 as defined in sections 383B.26 to 383B.42, or as an employee in 
 the unclassified service, and who has served for five years as a 
 county employee or an officer in the classified service, or as a 
 county employee in the unclassified service, which need not 
 necessarily be continuous, and which shall include time served 
 as a county employee prior to June 8, 1965, if the person is an 
 employee in the classified service, shall be entitled to elect 
 to obtain coverage by the Hennepin County supplemental 
 retirement program.  The election to obtain coverage may be 
 exercised only once and shall be exercised within 30 days of the 
 date on which the person first becomes entitled to elect to 
 obtain coverage.  No person hired, rehired, or reinstated by the 
 county as an employee in the classified or unclassified service 
 on or after April 14, 1982, shall be eligible for coverage by 
 the Hennepin County supplemental retirement program.  

    Subd. 2.    Establishment of account; contributions.  
 The county of Hennepin shall deduct from the salary of every 
 person who is eligible for coverage and who elected to retain or 
 obtain coverage by the Hennepin County supplemental retirement 
 program a sum equal to one percent of the total salary of the 
 person.  Any classified or unclassified employee who is employed 
 in subsidized on-the-job training, work experience or public 
 service employment as an enrollee under the federal 
 Comprehensive Employment and Training Act shall not be included 
 in the supplemental retirement account from and after March 30, 
 1978 unless the employee has as of the later of March 30, 1978 
 or the date of employment sufficient service credit in the 
 public employees retirement fund or the Minneapolis municipal 
 employees retirement fund, whichever is applicable, to meet the 
 minimum vesting requirements for a deferred retirement annuity, 
 or the county agrees in writing to make the required employer 
 contributions on account of the individual from revenue sources 
 other than funds provided under the federal Comprehensive 
 Employment and Training Act, or the employee agrees in writing 
 to make the required employer contribution in addition to the 
 employee contribution.  The deduction shall be made in the same 
 manner as other retirement deductions are made from the salary 
 of the person.  An amount equal to the amounts deducted during 
 each payroll period shall be contributed by the county of 
 Hennepin.  The total amount deducted and contributed shall be 
 deposited to the credit of the supplemental retirement account 
 in the treasury of the county of Hennepin.  The Hennepin County 
 supplemental retirement account is hereby established as an 
 account separate and distinct from other funds, accounts, or 
 assets of the county of Hennepin. 

    HIST: 1969 c 950 s 1; 1978 c 720 s 19; 1982 c 450 s 1; 1985 c 
 261 s 11