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MN HF4301
Bill
Status
3/9/2020
Primary Sponsor
Kaohly Her
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AI Summary
HF 4301 Summary
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Allows members to purchase service credit for portions of uniformed service (minimum 1 year, in 6-month increments) up to 5 cumulative years, instead of requiring full period purchases.
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Changes retroactive benefit commencement from up to 6 months to up to 5 months before application receipt for standard retirements and bounce-back annuities.
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Modifies phased retirement provisions to allow employees age 62+ to work reduced hours (25% reduction, maximum 1,044 hours annually) while receiving retirement annuity without full termination of service.
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Clarifies duty disability benefit eligibility and duration for police and fire plan members, with 60-month payment period followed by provisions in subdivision 5a.
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Makes administrative changes to survivor benefits, retroactive payment limits (from 12 to 5 months), and repeals subdivision 4 of section 353.30 relating to monthly payment reductions, effective July 1, 2020.
Legislative Description
Service credit purchase allowed for less than the entire period of service in the uniformed services, retroactive benefit commencement dates clarified, phased retirement provisions revised, duty disability provisions revised to comply with plan operation, and other administrative changes made.
Last Action
Introduction and first reading, referred to Government Operations
3/9/2020