This bill amends Minnesota Statutes 2024, section 353.656, subdivision 4, to modify the application of the reduction for reemployment earnings taken from disability benefits for members of the public employees police and fire retirement plan who began receiving disability payments before July 1, 2023. The bill clarifies that members who begin disability payments under certain conditions will have their disability benefits reduced based on their reemployment earnings, with specific calculations outlined for determining the reduction. The changes aim to ensure that the benefits are adjusted fairly based on the member's earnings while maintaining a limit on the total disability benefit received.

Additionally, the bill includes an effective date provision stating that the changes will take effect the day following final enactment. This ensures that the new regulations regarding disability benefit payments and reemployment earnings will be implemented promptly, providing clarity and support for affected members of the retirement plan.

Statutes affected:
Introduction: 353.656