MN SF1481

Authorizes state appointing authorities to offer eligible employees up to 24 months of employer health and dental insurance contributions deposited into a health care savings plan upon retirement.

Restricts eligibility to employees with at least 15 years of service in specified state retirement funds who accept the incentive by December 31, 2010, and retire by June 30, 2011.

Requires executive branch agencies to obtain commissioner of management and budget approval before offering incentives, with consideration given to agency equity, budgetary constraints, and workforce planning.

Prohibits reemployed or hired as a consultant by any State Employee Group Insurance Program participant for three years following receipt of an incentive payment.

Requires the commissioner of management and budget to report to the legislature by April 2, 2011, on the program's use and recommendations for renewal.