The bill amends Minnesota Statutes 2024, section 353.656, subdivision 4, to increase the reemployment earnings limit for disability benefit payments for public employees in police and fire retirement plans. Specifically, the monthly salary threshold that determines the reemployment earnings limit is raised from $125 to $150. This change applies to members who begin disability payments or are required to reapply for benefits on or after July 1, 2023. The bill outlines how disability benefits will be adjusted based on the member's reemployment earnings, with specific calculations provided for those with varying years of service.

Additionally, the bill clarifies that the adjustments to disability benefits will not exceed the original amount granted and specifies the conditions under which these adjustments apply. It also includes a provision stating that the changes will take effect the day following final enactment. Overall, the bill aims to provide more flexibility and support for disabled public employees who return to work while receiving disability benefits.

Statutes affected:
Introduction: 353.656