Bill Text: MN HF81 | 2011-2012 | 87th Legislature | Introduced
Bill Title: Public Employees Retirement Association; purchase of service and salary credit authorized for certain former employees of Babbit and Buhl for eligible unreported employment.
Sponsorship: Partisan Bill (Democrat 2)
Status: (Introduced - Dead) 2011-01-13 - Introduction and first reading, referred to Government Operations and Elections [HF81 Detail]
Download: Minnesota-2011-HF81-Introduced.html
1.2relating to retirement; general employees retirement plan of Public Employees
1.3Retirement Association; authorizing purchase of service and salary credit
1.4for certain former employees of Babbitt and Buhl for eligible unreported
1.5employment.
1.6BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.7 Section 1. PERA-GENERAL; BABBITT AND BUHL SERVICE AND SALARY
1.8CREDIT PURCHASE AUTHORIZATION IN CERTAIN CASES.
1.9(a) An eligible person described in paragraph (b) is eligible to purchase from the
1.10general employees retirement plan of the Public Employees Retirement Association
1.11allowable service credit and salary credit for the period of uncredited prior employment
1.12and salary specified in paragraph (c) by making the payment required under paragraph (d).
1.13(b) An eligible person is a person who:
1.14(1) was born on November 10, 1957;
1.15(2) was employed as a part-time police officer by the city of Buhl from July 1988
1.16until November 1996;
1.17(3) was employed as a part-time police officer by Embarrass Township from March
1.181992 until August 1997;
1.19(4) was employed as a part-time police officer by the City of Babbitt from April
1.201992 until September 1992; and
1.21(5) was employed as a full-time police officer by the city of Babbitt since October 4,
1.221992, and as such is a member of the public employees police and fire retirement plan.
1.23(c) The periods of unreported employment and salary that qualified for coverage by
1.24the general employees retirement plan of the Public Employees Retirement Association
1.25and eligible for purchase are employment by the city of Buhl from October 1989 until
2.1November 1996 and employment by the city of Babbitt as a part-time police officer from
2.2April 1992 until September 1992.
2.3(d) The allowable service and salary credit purchase payment amount must be
2.4calculated under Minnesota Statutes, section 356.551. Of the total payment amount,
2.5the eligible person is obligated to pay the amount of member contributions that the
2.6eligible person would have paid by deduction to the coordinated program of the general
2.7employees retirement plan of the Public Employees Retirement Association if made in
2.8a timely fashion, plus annual compound interest at the rate of 8.5 percent from the date
2.9that the contribution should have been made until the date that the contribution equivalent
2.10payment is made. The balance of the total payment amount must be allocated between
2.11the city of Buhl and the city of Babbitt on the basis of the additional retirement benefit
2.12associated with the applicable period of past unreported eligible employment. The city
2.13of Buhl and the city of Babbitt shall make their payments within 30 days of the date on
2.14which the executive director of the Public Employees Retirement Association certifies that
2.15the eligible person has paid the equivalent member contribution payment and interest. If a
2.16city fails to make a timely payment, the executive director shall collect the unpaid amount
2.17under Minnesota Statutes, section 353.28.
2.18(e) The eligible person shall provide the executive director of the Public Employees
2.19Retirement Association with any necessary documentation of the applicability of this
2.20section that the executive director requests.
2.21(f) The authority of the eligible person to make the equivalent member contribution
2.22and interest payment under this section expires on the earlier of July 1, 2012, or the date
2.23on which the eligible person finally terminates public employment covered by Minnesota
2.24Statutes, chapter 353.
2.25EFFECTIVE DATE.This section is effective the day following final enactment.
1.3Retirement Association; authorizing purchase of service and salary credit
1.4for certain former employees of Babbitt and Buhl for eligible unreported
1.5employment.
1.6BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.7 Section 1. PERA-GENERAL; BABBITT AND BUHL SERVICE AND SALARY
1.8CREDIT PURCHASE AUTHORIZATION IN CERTAIN CASES.
1.9(a) An eligible person described in paragraph (b) is eligible to purchase from the
1.10general employees retirement plan of the Public Employees Retirement Association
1.11allowable service credit and salary credit for the period of uncredited prior employment
1.12and salary specified in paragraph (c) by making the payment required under paragraph (d).
1.13(b) An eligible person is a person who:
1.14(1) was born on November 10, 1957;
1.15(2) was employed as a part-time police officer by the city of Buhl from July 1988
1.16until November 1996;
1.17(3) was employed as a part-time police officer by Embarrass Township from March
1.181992 until August 1997;
1.19(4) was employed as a part-time police officer by the City of Babbitt from April
1.201992 until September 1992; and
1.21(5) was employed as a full-time police officer by the city of Babbitt since October 4,
1.221992, and as such is a member of the public employees police and fire retirement plan.
1.23(c) The periods of unreported employment and salary that qualified for coverage by
1.24the general employees retirement plan of the Public Employees Retirement Association
1.25and eligible for purchase are employment by the city of Buhl from October 1989 until
2.1November 1996 and employment by the city of Babbitt as a part-time police officer from
2.2April 1992 until September 1992.
2.3(d) The allowable service and salary credit purchase payment amount must be
2.4calculated under Minnesota Statutes, section 356.551. Of the total payment amount,
2.5the eligible person is obligated to pay the amount of member contributions that the
2.6eligible person would have paid by deduction to the coordinated program of the general
2.7employees retirement plan of the Public Employees Retirement Association if made in
2.8a timely fashion, plus annual compound interest at the rate of 8.5 percent from the date
2.9that the contribution should have been made until the date that the contribution equivalent
2.10payment is made. The balance of the total payment amount must be allocated between
2.11the city of Buhl and the city of Babbitt on the basis of the additional retirement benefit
2.12associated with the applicable period of past unreported eligible employment. The city
2.13of Buhl and the city of Babbitt shall make their payments within 30 days of the date on
2.14which the executive director of the Public Employees Retirement Association certifies that
2.15the eligible person has paid the equivalent member contribution payment and interest. If a
2.16city fails to make a timely payment, the executive director shall collect the unpaid amount
2.17under Minnesota Statutes, section 353.28.
2.18(e) The eligible person shall provide the executive director of the Public Employees
2.19Retirement Association with any necessary documentation of the applicability of this
2.20section that the executive director requests.
2.21(f) The authority of the eligible person to make the equivalent member contribution
2.22and interest payment under this section expires on the earlier of July 1, 2012, or the date
2.23on which the eligible person finally terminates public employment covered by Minnesota
2.24Statutes, chapter 353.
2.25EFFECTIVE DATE.This section is effective the day following final enactment.
