LCPR05‑158
1.1 M ............... moves to amend S.F. No. 996; H.F. No.
1.2 1636, as follows:
1.3 Page 3, delete lines 35 and 36
1.4 Page 4, delete lines 1 to 14 and insert:
1.5 "(12) Any period of time during which the employee was on
1.6 strike without pay, not to exceed a period of one year, if the
1.7 employee makes a payment in lieu of salary deductions equal to
1.8 the employee and employer contribution rates set forth in
1.9 section 352.04, subdivisions 2 and 3, applied to the employee's
1.10 rate of salary in effect on the conclusion of the strike for the
1.11 period of the strike without pay, plus compound interest at a
1.12 monthly rate of 0.71 percent from the last day of the strike
1.13 until the date of payment. The payment by the employee must be
1.14 made to the executive director within 12 months of the end of
1.15 the strike, and must be a lump sum.
1.16 Sec. 2. METRO TRANSIT STRIKE PROVISION.
1.17 Notwithstanding the payment deadline specified in section
1.18 1, a Metro Transit employee covered by the general state
1.19 employees retirement plan of the Minnesota State Retirement
1.20 System who was on strike on or after January 1, 2004, is
1.21 authorized to receive allowable service credit for the strike
1.22 period by making the payment required under section 1 before
1.23 March 1, 2006.
1.24 Sec. 3. EFFECTIVE DATE.
1.25 Sections 1 and 2 are effective on the day following final
1.26 enactment."
1.27 Amend the title accordingly