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MN HF2632
Bill
Status
3/20/2019
Primary Sponsor
Mary Murphy
Click for details
AI Summary
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Establishes standardized application filing procedures for all Minnesota State Retirement System benefits and refunds, requiring original documents submitted in person or by mail with supporting documents verifying birth, marital status, and divorce terms.
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Clarifies voting rights for unclassified employees retirement program members, allowing them to vote in board elections for general state employees positions alongside active members and former inactive vested members.
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Permits employees who repay refunds in partial payments to restore service credit progressively rather than requiring full repayment before any credit restoration, provided interest is paid on outstanding balances.
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Allows Department of Military Affairs and Department of Public Safety employees to elect retroactive retirement coverage within 90 days of employment, with retrodeducted amounts deducted from future salary on a schedule determined by the executive director.
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Establishes graduated augmentation rates for terminated hospital employee deferred annuities declining from 4.5 percent in 2019 to 0.75 percent in 2024, with no augmentation after December 31, 2024.
Legislative Description
Minnesota State Retirement System; application filing procedures established, unclassified plan member voting rights clarified, partial repayment of refund rights established, retroactive coverage elected by Department of Military Affairs and Fire Marshal Division employee contributions paid, and administrative changes made.
Last Action
Introduction and first reading, referred to Government Operations
3/20/2019