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 before April 14, 1982,
as an employee or an officer in the classified service as defined in sections
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 must include time served as a county employee
before June 8, 1965, if the person is an employee in the classified service of the county or if the
person is an employee of Hennepin Healthcare System, Inc., is entitled to elect to obtain coverage
by the Hennepin County supplemental retirement program. The election to obtain coverage may
be exercised only once and must 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, is eligible for
coverage by the Hennepin County supplemental retirement program.
Subd. 2. Establishment of account; contributions.
The county of Hennepin or Hennepin
Healthcare System, Inc., whichever applies, 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.
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 must be contributed by the county of Hennepin or Hennepin Healthcare System, Inc.,
whichever applies. The total amount deducted and contributed must be deposited to the credit
of the supplemental retirement account in a separate account administered by the Minnesota
State Retirement System on behalf of Hennepin County. 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.
History: 1969 c 950 s 1; 1978 c 720 s 19; 1982 c 450 s 1; 1985 c 261 s 11; 2005 c 125 art 3
s 6; 1Sp2005 c 8 art 11 s 4
NOTE: The amendment to this section by Laws 2005, chapter 125, article 3, section 6,
is effective the day after the Hennepin County Board files a certificate of local approval in
compliance with section
645.021, subdivision 3
. Laws 2005, chapter 125, article 1, section 29, as
amended by Laws 2005, First Special Session chapter 7, section 34; and Laws 2005, chapter 125,
article 3, section 7.
NOTE: The amendment to subdivision 2 by Laws 2005, First Special Session chapter 8,
article 11, section 4, is effective the day after the board of Hennepin County and its chief clerical
officer complete in a timely manner their compliance with section
645.021, subdivisions 2 and 3
Laws 2005, First Special Session chapter 8, article 11, section 19.