This bill amends Minnesota Statutes to authorize the payment of a retirement annuity to members of the public employees police and fire retirement plan without reduction or suspension upon reemployment. Specifically, it modifies section 353.37 by removing references to the public employees police and fire retirement plan in subdivisions 1 and 5, and adds a new subdivision that clarifies that the provisions of this section do not apply to members of this retirement plan. Additionally, it introduces a new section, 353.653, which outlines the conditions under which a member can return to employment while receiving an annuity, including a 31-day waiting period after separation from service.

The new legal language specifies that a member returning to employment will not have their annuity affected by this reemployment, meaning their annuity payments will continue without increase or decrease. Furthermore, during the reemployment period, neither the member nor their employer will be required to make contributions to the retirement plan. The bill is set to take effect the day following its final enactment.

Statutes affected:
Introduction: 353.37