The bill amends Minnesota Statutes 2024, section 353.656, subdivision 4, to increase the reemployment earnings limit applicable to disability benefit payments for public employees in police and fire retirement plans. Specifically, the monthly salary threshold for determining the reemployment earnings limit is raised from $125 to $150. This change affects how disability benefits are calculated for members who resume gainful employment while receiving disability payments, ensuring that their benefits are adjusted based on the new earnings limit.

Additionally, the bill outlines the conditions under which disability benefits will be reduced for members who begin receiving payments before or after July 1, 2023. For those starting payments before this date, the reduction is based on a formula that considers their total earnings in relation to the new limit. For members starting payments on or after this date, the reduction is structured to account for their years of service and the amount of their reemployment earnings. The bill also includes a provision stating that it will take effect the day following its final enactment.

Statutes affected:
Introduction: 353.656