LCPR05-155
1.1 M ............... moves to amend S.F. No. 995; H.F. No.
1.2 2109, as follows:
1.3 Page 1, delete lines 12 through 25 and insert:
1.4 "agreements, or retirement plan contracts to the contrary, the
1.5 covered salary for pension purposes for a plan participant of a
1.6 covered retirement fund enumerated in section 356.30,
1.7 subdivision 3, the covered salary for pension purposes in any
1.8 year may not exceed 95 106 percent of the salary established for
1.9 the governor under section 15A.082 at the time the person
1.10 received the salary prior year.
1.11 (b) This section does not apply to a salary paid:
1.12 (1) to the governor or to a judge;
1.13 (2) to an employee of a political subdivision in a position
1.14 that is excluded from the limit as specified under section
1.15 43A.17, subdivision 9;
1.16 (3) to a state employee as defined under section 43A.02,
1.17 subdivision 21;
1.18 (4) to an employee of Gillette Hospital who is covered by
1.19 the general state employees retirement plan of the Minnesota
1.20 State Retirement System;
1.21 (5) to an employee of the Minnesota Crop Improvement
1.22 Council; or
1.23 (6) to an employee of the Minnesota Historical Society.
1.24 (c) The limited covered salary determined under this
1.25 section must be used in determining employee and employer
1.26 contributions and in determining retirement annuities and other
1.27 benefits under the respective covered retirement fund and under
1.28 this chapter.
1.29 Sec. 2. EFFECTIVE DATE.
1.30 Section 1 is effective on July 1, 2005."
1.31 Page 2, delete lines 1 through 21