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MN HF3805
Bill
Status
Introduced
4/4/2016
Primary Sponsor
Tim O'Driscoll
Click for details
AI Summary
- Authorizes Minnesota public retirement plans to accept gifts, donations, and bequests for deposit in their funds, in addition to existing funding sources under Minnesota Statutes section 356.63
- Permits public pension plans to accept life insurance death benefits, including benefits from life insurance premium financing arrangements covering the lives of retirees and survivors
- Allows acceptance of other similar sources of funding beyond those explicitly listed
- Effective the day following final enactment
- Referred to the Committee on Government Operations and Elections Policy
Legislative Description
Minnesota public pension plan additional funding sources authorized.
Last Action
Introduction and first reading, referred to Government Operations and Elections Policy
4/4/2016
Committee Referrals
Government Operations and Elections Policy4/4/2016
Full Bill Text
No bill text available