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MN HF4553
Bill
Status
3/4/2024
Primary Sponsor
Brad Tabke
Click for details
AI Summary
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State Patrol retirement plan members who have separated from service and are receiving or have applied for an annuity may return to employment in a covered position as early as the second day after separation if age 55, or the 31st day after separation if age 50-54.
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Members who return to employment before the eligible dates must repay any annuity payments already received, unless the executive director waives repayment due to inadvertent failure or circumstances beyond the member's control.
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Returning to employment does not impact the member's continued receipt of annuity payments, but the annuity amount cannot increase or decrease as a result of reemployment.
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Members must continue making required member contributions during reemployment, and employers must continue making employer and supplemental contributions.
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Upon final separation from service after a reemployment period, the executive director must refund the member's contributions made during reemployment plus interest, and mandatory retirement age rules continue to apply.
Legislative Description
State Patrol retirement plan new section added to codify the right to return to employment and continue receiving an annuity.
Last Action
Authors added Myers and Bakeberg
4/2/2024