Bill Text: MN SF279 | 2013-2014 | 88th Legislature | Introduced


Bill Title: Minnesota state retirement system (MSRS) rule of 90 eligibility clarification

Spectrum: Partisan Bill (Democrat 5-0)

Status: (Introduced - Dead) 2013-02-06 - Referred to State and Local Government [SF279 Detail]

Download: Minnesota-2013-SF279-Introduced.html

1.1A bill for an act
1.2relating to retirement; general state employees retirement plan of the Minnesota
1.3State Retirement System; clarifying "Rule of 90" eligibility for certain state
1.4employees.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6    Section 1. MSRS-GENERAL RETIREMENT ELIGIBILITY CLARIFICATION;
1.7SERVICE CREDIT PURCHASE IN CERTAIN INSTANCES.
1.8(a) An eligible person described in paragraph (b) is entitled to purchase prior
1.9uncredited service credit under paragraph (c) and, if the service credit purchase is made, to
1.10have the effective start date for active retirement plan membership of June 30, 1989, and
1.11to retire under Minnesota Statutes, section 352.116, subdivision 1.
1.12(b) An eligible person is a person who:
1.13(1) was born on July 17, 1964;
1.14(2) was initially employed by the state of Minnesota as a temporary status laborer
1.15general on June 19, 1989;
1.16(3) became a seasonal status laborer general on August 30, 1989;
1.17(4) became an unlimited status laborer general on December 12, 1990;
1.18(5) has received annual statements from the Minnesota State Retirement System
1.19indicating eligibility for a retirement benefit under Minnesota Statutes, section 352.116,
1.20subdivision 1, paragraph (b), as of September 1, 2012, including the June 30, 2012, annual
1.21statement;
1.22(6) attended a Minnesota State Retirement System preretirement class in March
1.232012 and was individually informed by a Minnesota State Retirement System employee of
2.1the person's retirement eligibility under Minnesota Statutes, section 352.116, subdivision
2.21, paragraph (b); and
2.3(7) received a letter from the Minnesota State Retirement System on August 16,
2.42012, revising the start date for general state employees retirement plan allowable
2.5service credit from June 19, 1989, to September 27, 1989, and indicating consequent
2.6inapplicability of Minnesota Statutes, section 352.116, subdivision 1.
2.7(c) An eligible person may purchase allowable service credit in the general state
2.8employees retirement plan of the Minnesota State Retirement System for the period June
2.930, 1989, to September 26, 1989, under Minnesota Statutes, section 356.551.
2.10(d) An eligible person who purchased allowable service credit under paragraph
2.11(c) has a June 30, 1989, start date for allowable service credited by the general state
2.12employees retirement plan of the Minnesota State Retirement System and is eligible for a
2.13retirement annuity under Minnesota Statutes, section 352.116, subdivision 1.
2.14(e) Authority to purchase prior uncredited allowable service credit under this section
2.15expires on August 1, 2012.
2.16EFFECTIVE DATE.This section is effective July 1, 2013.
feedback