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MN SF3088

Bill

Official Source

Status

Introduced

3/8/2010

Primary Sponsor

Ann Lynch

Click for details

Origin

Senate

86th Legislature 2009-2010

AI Summary

  • Amends Minnesota Statutes section 126C.41 to add new subdivision 7 authorizing school districts to levy for costs related to increased pension employer contribution rates
  • Applies to increases in employer contribution rates under chapter 353 and increases in employer contribution rates under chapters 354 and 354A effective after December 31, 2009
  • Effective July 1, 2010, and applies to levies payable in 2011 and thereafter
  • Allows districts to use levies to pay for additional pension costs resulting from state-mandated employer contribution rate increases

Legislative Description

School districts levy authority for increased employer contribution rates for pension plans

Last Action

Senate: Author added Pappas

3/9/2010

Committee Referrals

Finance3/8/2010

Full Bill Text

No bill text available