Minnesota 2025-2026 Regular Session

Minnesota House Bill HF137 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	1.1 A bill for an act
2	2	1.2 relating to retirement; public employees police and fire retirement plan; permitting
3	3	1.3 payment of a normal retirement annuity without reduction or suspension upon
4	4	1.4 employment or reemployment on or after 55 years of age; amending Minnesota
5	5	1.5 Statutes 2024, sections 353.01, by adding a subdivision; 353.37, subdivisions 1b,
6	6	1.6 2; proposing coding for new law in Minnesota Statutes, chapter 353.
7	7	1.7BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
8	8	1.8 Section 1. Minnesota Statutes 2024, section 353.01, is amended by adding a subdivision
9	9	1.9to read:
10	10	1.10 Subd. 4a.Annuity starting date."Annuity starting date" means the first day of the first
11	11	1.11period for which an amount is payable as an annuity.
12	12	1.12 Sec. 2. Minnesota Statutes 2024, section 353.37, subdivision 1b, is amended to read:
13	13	1.13 Subd. 1b.Retirement age.For purposes of this section, "retirement age" means:
14	14	1.14 (1) retirement age as defined in United States Code, title 42, section 416(l); and
15	15	1.15 (2) 55 years of age for the public employees police and fire retirement plan.
16	16	1.16 Sec. 3. Minnesota Statutes 2024, section 353.37, subdivision 2, is amended to read:
17	17	1.17 Subd. 2.Suspension of annuity.(a) The association shall suspend the annuity on the
18	18	1.18first of the month after the month in which the salary of the reemployed annuitant described
19	19	1.19in subdivision 1, paragraph (a), exceeds the maximums set in subdivision 1, paragraph (b),
20	20	1.20based only on those months in which the annuitant is actually employed in nonelective
21	21	1.21public service in a position covered under this chapter or employment with a labor
22	22	1Sec. 3.
23	23	REVISOR KLL/AD 25-0072411/25/24
24	24	State of Minnesota
25	25	This Document can be made available
26	26	in alternative formats upon request
27	27	HOUSE OF REPRESENTATIVES
28	28	H. F. No. 137
29	29	NINETY-FOURTH SESSION
30	30	Authored by Repinski01/22/2025
31	31	The bill was read for the first time and referred to the Committee on State Government Finance and Policy 2.1organization that represents public employees who are members of a retirement plan under
32	32	2.2this chapter or chapter 353E.
33	33	2.3 (b) An annuitant who is elected to public office after retirement may hold that office
34	34	2.4and receive an annuity otherwise payable from a retirement plan administered by the
35	35	2.5association.
36	36	2.6 (c) The association must not suspend an annuity based on an annuitant's reemployment,
37	37	2.7regardless of the annuitant's income, if the annuitant has reached retirement age.
38	38	2.8 Sec. 4. [353.6515] RETIREMENT ANNUITY WITHOUT SEPARATION FROM
39	39	2.9PUBLIC SERVICE.
40	40	2.10 Subdivision 1.Retirement annuity while employed.Any member of the public
41	41	2.11employees police and fire retirement plan who has not separated from public service, has
42	42	2.12attained at least 55 years of age, and is partially or 100 percent vested under section 353.01,
43	43	2.13subdivision 47, is entitled upon application to a normal retirement annuity under section
44	44	2.14353.651. In the application, the member must designate an annuity starting date that must
45	45	2.15not be earlier than the date on which the member attains 55 years of age.
46	46	2.16 Subd. 2.Effect on retirement annuity and contributions.Continued employment by
47	47	2.17a member described in subdivision 1 must not increase or decrease the amount of the
48	48	2.18member's annuity. Neither the member nor the member's employer may make any further
49	49	2.19contributions to the public employees police and fire retirement plan by reason of the
50	50	2.20member's continued employment.
51	51	2.21 Sec. 5. EFFECTIVE DATE.
52	52	2.22 Sections 1 to 4 are effective January 1, 2026.
53	53	2Sec. 5.
54	54	REVISOR KLL/AD 25-0072411/25/24