MN HF5311

Allows foreign citizens employed by public employers on H-1B, H-1B1, or E-3 visas to purchase service credit for prior periods when they were excluded employees and did not have contributions made.

Employers must notify eligible persons of their entitlement to pay missed employee contributions, and the Minnesota State Retirement System executive director must calculate the required amount within 30 days of request.

Eligible persons or employers may pay missed employee contributions by the later of 90 days after employer notification or the payment deadline, with the option to pay for less than the entire excluded period by selecting consecutive payroll periods.

Employers must pay missed employer contributions plus compound annual interest within 60 days after missed employee contributions are paid, calculated from the end of the year contributions would have been made.

Executive director must notify employers of required payment amounts and may pursue collection procedures under Minnesota Statutes section 352.04 if employers fail to make required payments.