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MN HF341
Bill
Status
2/4/2013
Primary Sponsor
Mike Nelson
Click for details
AI Summary
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Repeals the Social Security leveling option from Minnesota Statutes section 353.29, subdivision 6, effective January 1, 2014.
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Removes provisions treating retirement annuities for people retiring before Social Security eligibility as a combination of period-certain and life annuities for postretirement adjustment purposes.
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Amends section 356.415, subdivision 1 to delete language referencing the Social Security leveling option and its postretirement adjustment treatment.
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Amends section 356.415, subdivision 1b affecting Public Employees Retirement Association (PERA) general employees and local government correctional retirement plans by removing Social Security leveling option references.
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All changes effective January 1, 2014.
Legislative Description
Public Employees Retirement Association; Social Security leveling option repealed.
Last Action
Introduction and first reading, referred to Government Operations
2/4/2013