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MN HF705
Bill
Status
Introduced
2/18/2013
Primary Sponsor
David Bly
Click for details
AI Summary
- Allows a specific person born July 10, 1942, employed by Northfield on October 5, 2005, to purchase 43 months of prior service credit in the PERA general employees retirement plan
- Eligible person may repay any prior refund of accumulated contributions plus 8.5 percent annual interest compounded from the date the refund was paid
- Eligible person may purchase service credit by paying unpaid member contributions from October 5, 2005, until April 5, 2009, plus 8.5 percent interest
- City of Northfield must pay the balance of the prior service credit purchase payment within 30 days of notification by the PERA executive director, or the executive director will collect the unpaid amount
- Authority to make the refund repayment and service credit purchase expires on December 31, 2014
Legislative Description
Northfield; Public Employees Retirement Association general employee retirement plan prior service credit authorized.
Last Action
Introduction and first reading, referred to Government Operations
2/18/2013
Committee Referrals
Government Operations2/18/2013
Full Bill Text
No bill text available