Bill Text: MN HF1338 | 2011-2012 | 87th Legislature | Introduced
Bill Title: White Bear Lake and White Bear Lake Volunteer Fire Department Relief Association; use of special actuarial work authorized in determining the 2009 and 2010 special fund financial requirements and minimum municipal obligations.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2011-03-30 - Introduction and first reading, referred to Government Operations and Elections [HF1338 Detail]
Download: Minnesota-2011-HF1338-Introduced.html
1.2relating to retirement; city of White Bear Lake and White Bear Lake Volunteer
1.3Fire Department Relief Association; authorizing the use of special actuarial
1.4work in determining the 2009 and 2010 special fund financial requirements and
1.5minimum municipal obligations.
1.6BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.7 Section 1. WHITE BEAR LAKE; SPECIAL ACTUARIAL WORK
1.8AUTHORIZATION.
1.9Notwithstanding any provision to the contrary of Minnesota Statutes, sections
1.1069.771, subdivision 3; 69.773, subdivisions 2, 4, and 5; 356.215; and 356.216, a document
1.11styled as an interim valuation at October 19, 2009, of the White Bear Lake Volunteer Fire
1.12Relief Department prepared by the actuarial consulting firm of Gabriel, Roeder, Smith
1.13& Company, as confirmed as to its funded status results by an actuarial valuation as of
1.14January 1, 2011, of the White Bear Lake Volunteer Fire Department Relief Association
1.15pension plan prepared by the actuarial consulting firm of Gabriel, Roeder, Smith &
1.16Company may be considered by the relief association officers, the city of White Bear
1.17Lake, and the Office of the State Auditor to be a qualifying actuarial valuation of the
1.18special fund of the relief association for the determination of the actuarial condition of
1.19the relief association and the financial requirements of the relief association amounts
1.20and the minimum municipal obligation amounts calculated by relief association officers
1.21certified to the city of White Bear Lake on or before August 1, 2009, and on or before
1.22August 1, 2010, may be considered by the City of White Bear Lake and by the Office of
1.23the State Auditor to be properly determined.
2.1EFFECTIVE DATE; LOCAL APPROVAL.This section is effective retroactively
2.2from July 31, 2009, if the White Bear Lake city council and the White Bear Lake chief
2.3clerical officer timely complete their compliance with Minnesota Statutes, section
2.4645.021, subdivisions 2 and 3.
1.3Fire Department Relief Association; authorizing the use of special actuarial
1.4work in determining the 2009 and 2010 special fund financial requirements and
1.5minimum municipal obligations.
1.6BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.7 Section 1. WHITE BEAR LAKE; SPECIAL ACTUARIAL WORK
1.8AUTHORIZATION.
1.9Notwithstanding any provision to the contrary of Minnesota Statutes, sections
1.1069.771, subdivision 3; 69.773, subdivisions 2, 4, and 5; 356.215; and 356.216, a document
1.11styled as an interim valuation at October 19, 2009, of the White Bear Lake Volunteer Fire
1.12Relief Department prepared by the actuarial consulting firm of Gabriel, Roeder, Smith
1.13& Company, as confirmed as to its funded status results by an actuarial valuation as of
1.14January 1, 2011, of the White Bear Lake Volunteer Fire Department Relief Association
1.15pension plan prepared by the actuarial consulting firm of Gabriel, Roeder, Smith &
1.16Company may be considered by the relief association officers, the city of White Bear
1.17Lake, and the Office of the State Auditor to be a qualifying actuarial valuation of the
1.18special fund of the relief association for the determination of the actuarial condition of
1.19the relief association and the financial requirements of the relief association amounts
1.20and the minimum municipal obligation amounts calculated by relief association officers
1.21certified to the city of White Bear Lake on or before August 1, 2009, and on or before
1.22August 1, 2010, may be considered by the City of White Bear Lake and by the Office of
1.23the State Auditor to be properly determined.
2.1EFFECTIVE DATE; LOCAL APPROVAL.This section is effective retroactively
2.2from July 31, 2009, if the White Bear Lake city council and the White Bear Lake chief
2.3clerical officer timely complete their compliance with Minnesota Statutes, section
2.4645.021, subdivisions 2 and 3.
