This bill amends the Minnesota Statutes to allow members of the legislature to elect coverage under the general state employees retirement plan. Specifically, it adds a new clause to the definition of "included employees" in section 352.01, subdivision 2a, stating that members of the legislature who choose to opt for this coverage will be included as employees under the Minnesota State Retirement System. Additionally, it modifies section 352D.02, subdivision 3, to facilitate the transfer of coverage to the general employees retirement plan for legislators, allowing them to make this election under specified conditions.
The bill also includes several technical amendments to clarify the eligibility and process for transferring retirement coverage. It specifies that the election to transfer must be made in writing and outlines the timelines for when legislators must submit their election after ceasing to be a member of the legislature. Furthermore, it establishes that the effective date for these changes will be the day following final enactment of the bill.
Statutes affected: Introduction: 352.01, 352D.02