Bill Text: MN SF2441 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Minnesota state retirement system (MSRS) general state employees and correctional state employees employee and employer contribution rates modification
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2014-03-06 - Referred to State and Local Government [SF2441 Detail]
Download: Minnesota-2013-SF2441-Introduced.html
1.2relating to retirement; general state employees and correctional state employees
1.3retirement plans of the Minnesota State Retirement System; modifying employee
1.4and employer contribution rates; amending Minnesota Statutes 2012, sections
1.5352.04, subdivisions 2, 3; 352.92, subdivisions 1, 2.
1.6BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.7 Section 1. Minnesota Statutes 2012, section 352.04, subdivision 2, is amended to read:
1.8 Subd. 2. Employee contributions. (a) The employee contribution to the fund must
1.9be equal to the following percent of salary:
1.17(b) These contributions must be made by deduction from salary as provided in
1.18subdivision 4.
1.19EFFECTIVE DATE.This section is effective on the first day of the first full pay
1.20period beginning after July 1, 2014.
1.21 Sec. 2. Minnesota Statutes 2012, section 352.04, subdivision 3, is amended to read:
1.22 Subd. 3. Employer contributions. The employer contribution to the fund must be
1.23equal to the following percent of salary:
2.8EFFECTIVE DATE.This section is effective on the first day of the first full pay
2.9period beginning after July 1, 2014.
2.10 Sec. 3. Minnesota Statutes 2012, section 352.92, subdivision 1, is amended to read:
2.11 Subdivision 1. Employee contributions. (a) Employee contributions of covered
2.12correctional employees must be in an amount equal to the following percent of salary:
2.20(b) These contributions must be made by deduction from salary as provided in
2.21section352.04 , subdivision 4.
2.22EFFECTIVE DATE.This section is effective on the first day of the first full pay
2.23period beginning after July 1, 2014.
2.24 Sec. 4. Minnesota Statutes 2012, section 352.92, subdivision 2, is amended to read:
2.25 Subd. 2. Employer contributions. The employer shall contribute for covered
2.26correctional employees an amount equal to the following percent of salary:
2.34EFFECTIVE DATE.This section is effective on the first day of the first full pay
2.35period beginning after July 1, 2014.
1.3retirement plans of the Minnesota State Retirement System; modifying employee
1.4and employer contribution rates; amending Minnesota Statutes 2012, sections
1.5352.04, subdivisions 2, 3; 352.92, subdivisions 1, 2.
1.6BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.7 Section 1. Minnesota Statutes 2012, section 352.04, subdivision 2, is amended to read:
1.8 Subd. 2. Employee contributions. (a) The employee contribution to the fund must
1.9be equal to the following percent of salary:
1.17(b) These contributions must be made by deduction from salary as provided in
1.18subdivision 4.
1.19EFFECTIVE DATE.This section is effective on the first day of the first full pay
1.20period beginning after July 1, 2014.
1.21 Sec. 2. Minnesota Statutes 2012, section 352.04, subdivision 3, is amended to read:
1.22 Subd. 3. Employer contributions. The employer contribution to the fund must be
1.23equal to the following percent of salary:
2.8EFFECTIVE DATE.This section is effective on the first day of the first full pay
2.9period beginning after July 1, 2014.
2.10 Sec. 3. Minnesota Statutes 2012, section 352.92, subdivision 1, is amended to read:
2.11 Subdivision 1. Employee contributions. (a) Employee contributions of covered
2.12correctional employees must be in an amount equal to the following percent of salary:
2.20(b) These contributions must be made by deduction from salary as provided in
2.21section
2.22EFFECTIVE DATE.This section is effective on the first day of the first full pay
2.23period beginning after July 1, 2014.
2.24 Sec. 4. Minnesota Statutes 2012, section 352.92, subdivision 2, is amended to read:
2.25 Subd. 2. Employer contributions. The employer shall contribute for covered
2.26correctional employees an amount equal to the following percent of salary:
2.34EFFECTIVE DATE.This section is effective on the first day of the first full pay
2.35period beginning after July 1, 2014.