Bill Text: MN HF1671 | 2011-2012 | 87th Legislature | Introduced
Bill Title: Hopkins; Teachers Retirement Association salary credit purchase by part-time teaching program participants authorized.
Sponsorship: Partisan Bill (Republican 1)
Status: (Introduced - Dead) 2011-05-06 - Introduction and first reading, referred to Government Operations and Elections [HF1671 Detail]
Download: Minnesota-2011-HF1671-Introduced.html
1.2relating to retirement; Teachers Retirement Association; authorizing a salary
1.3credit purchase by certain part-time teaching program participants.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. INDEPENDENT SCHOOL DISTRICT NO. 270, HOPKINS; SALARY
1.6CREDIT PURCHASE FOR PART-TIME TEACHING PROGRAM SERVICE
1.7AUTHORIZED.
1.8(a) An eligible person described in paragraph (b) is entitled, upon application to the
1.9executive director of the Teachers Retirement Association, to purchase salary credit from
1.10the Teachers Retirement Association for the period of part-time teaching service specified
1.11in paragraph (c) if the purchase payment required under paragraph (d) is paid on or before
1.12July 1, 2012, or the date of the person's retirement, whichever is earlier.
1.13(b) An eligible person is a person who:
1.14(1) was born on January 20, 1951;
1.15(2) was hired by Independent School District No. 270, Hopkins, as a teacher;
1.16(3) first participated in the qualified part-time teacher association membership
1.17program with a properly submitted teacher-school district agreement for the 2007-2008
1.18school year;
1.19(4) was employed part-time as a teacher by Independent School District No. 270,
1.20Hopkins, during the 2008-2009 school year, but the Minnesota Statutes, section 354.66,
1.21agreement was not filed with the Teachers Retirement Association until September 20,
1.222010; and
2.1(5) was employed by Independent School District No. 270, Hopkins, as a part-time
2.2teacher under Minnesota Statutes, section 354.66, for the 2009-2010 school year and
2.3for the 2010-2011 school year.
2.4(c) The period of part-time teaching service is the period during the 2008-2009
2.5school year during which the eligible person was paid 80 percent of the eligible person's
2.6full-time service salary rate for part-time teaching service rendered for Independent
2.7School District No. 270, Hopkins.
2.8(d) The total purchase payment amount for the increase in the annual salary credit
2.9for the 2008-2009 school year of $11,090.60 in the employ of Independent School
2.10District No. 270, Hopkins, is the service credit purchase payment amount required
2.11under Minnesota Statutes, section 356.551. The eligible person shall pay $609.98 plus
2.12compound interest at the annual rate of 8.5 percent from January 31, 2009, until the date
2.13of payment. Independent School District No. 270, Hopkins, must pay the balance of
2.14the purchase payment amount under Minnesota Statutes, section 356.551, in excess of
2.15the eligible person's payment amount. The school district payment is due 30 days after
2.16notification by the executive director of the Teachers Retirement Association that the
2.17eligible person's payment amount has been received by the association. If the school
2.18district fails to make the required payment in a timely manner, the executive director of
2.19the Teachers Retirement Association shall notify the commissioner of management and
2.20budget and the commissioner of education of that failure and those commissioners shall
2.21subtract the unpaid amount from and state aid otherwise payable to the school district.
2.22(e) Upon receipt by the Teachers Retirement Association of the total amount required
2.23under paragraph (d), the eligible person shall receive annual salary credit for an additional
2.24$11,090.60 for the 2008-2009 school year.
2.25(f) The salary credit purchase payment authorization under this section expires
2.26August 1, 2012.
2.27EFFECTIVE DATE.This section is effective the day following final enactment.
1.3credit purchase by certain part-time teaching program participants.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. INDEPENDENT SCHOOL DISTRICT NO. 270, HOPKINS; SALARY
1.6CREDIT PURCHASE FOR PART-TIME TEACHING PROGRAM SERVICE
1.7AUTHORIZED.
1.8(a) An eligible person described in paragraph (b) is entitled, upon application to the
1.9executive director of the Teachers Retirement Association, to purchase salary credit from
1.10the Teachers Retirement Association for the period of part-time teaching service specified
1.11in paragraph (c) if the purchase payment required under paragraph (d) is paid on or before
1.12July 1, 2012, or the date of the person's retirement, whichever is earlier.
1.13(b) An eligible person is a person who:
1.14(1) was born on January 20, 1951;
1.15(2) was hired by Independent School District No. 270, Hopkins, as a teacher;
1.16(3) first participated in the qualified part-time teacher association membership
1.17program with a properly submitted teacher-school district agreement for the 2007-2008
1.18school year;
1.19(4) was employed part-time as a teacher by Independent School District No. 270,
1.20Hopkins, during the 2008-2009 school year, but the Minnesota Statutes, section 354.66,
1.21agreement was not filed with the Teachers Retirement Association until September 20,
1.222010; and
2.1(5) was employed by Independent School District No. 270, Hopkins, as a part-time
2.2teacher under Minnesota Statutes, section 354.66, for the 2009-2010 school year and
2.3for the 2010-2011 school year.
2.4(c) The period of part-time teaching service is the period during the 2008-2009
2.5school year during which the eligible person was paid 80 percent of the eligible person's
2.6full-time service salary rate for part-time teaching service rendered for Independent
2.7School District No. 270, Hopkins.
2.8(d) The total purchase payment amount for the increase in the annual salary credit
2.9for the 2008-2009 school year of $11,090.60 in the employ of Independent School
2.10District No. 270, Hopkins, is the service credit purchase payment amount required
2.11under Minnesota Statutes, section 356.551. The eligible person shall pay $609.98 plus
2.12compound interest at the annual rate of 8.5 percent from January 31, 2009, until the date
2.13of payment. Independent School District No. 270, Hopkins, must pay the balance of
2.14the purchase payment amount under Minnesota Statutes, section 356.551, in excess of
2.15the eligible person's payment amount. The school district payment is due 30 days after
2.16notification by the executive director of the Teachers Retirement Association that the
2.17eligible person's payment amount has been received by the association. If the school
2.18district fails to make the required payment in a timely manner, the executive director of
2.19the Teachers Retirement Association shall notify the commissioner of management and
2.20budget and the commissioner of education of that failure and those commissioners shall
2.21subtract the unpaid amount from and state aid otherwise payable to the school district.
2.22(e) Upon receipt by the Teachers Retirement Association of the total amount required
2.23under paragraph (d), the eligible person shall receive annual salary credit for an additional
2.24$11,090.60 for the 2008-2009 school year.
2.25(f) The salary credit purchase payment authorization under this section expires
2.26August 1, 2012.
2.27EFFECTIVE DATE.This section is effective the day following final enactment.
