Bill

Plan(s) Involved

Type of Service Involved

Qualifications For Purchase

Limitations on Purchase

Purchase Payment Amount

Member/Employer Allocation of Payment

Duration of Provision

Other Comments

S.F. 313 (Larson);
H.F. 303 (Cassell)

PERA-P&F

Prior full-time police officer or full-time paid firefighter in a Minnesota governmental subdivision covered by a local police or paid firefighter relief association.

Three years of PERA-P&F allowable service.

Maximum of ten years of service credit purchasable. Service for which a person is entitled to a current or deferred pension from another Minnesota plan is not purchasable.

Full actuarial value service credit purchase payment amount.

Member responsibility unless the employer agrees to pay a portion

Repealed May 16, 2002.

S.F. 314 (Larson);
H.F. 295 (Cassell)

PERA
PERA-P&F
TRA

Individual seeks 4.7 year service credit grant in TRA for early retirement eligibility purposes.

N/A

Not Applicable. Seeks service credit grant rather than a purchase.

N/A

N/A

Ongoing.

Service credit grant period, 4.7 years, reflects period of time served as a Saint Paul police officer, for which no service credit exists (did not vest).

S.F. 370 (Wiger);
H.F. 465 (Marko)

PERA-P&F

Prior military service or uncredited interim/on-leave military service.

Three years of PERA-P&F allowable service.

Maximum purchasable service credit is the initial period of enlistment, induction, or call to active duty or four years. Previously purchased service in another defined benefit plan is not purchasable.

Member contribution on initial monthly salary following the military service, multiplied by months of purchasable service, without interest.

Member responsibility.

Repealed May 16, 2003.

Eliminates 2000 prior military service credit purchase for General Employees Retirement Plan of the Public Employees Retirement Association (PERA-General) members.

S.F. 409 (Solon);
H.F. 619 (Swapinski)

MSRS-General
MSRS-Corr.
State Patrol
Legislators
PERA-General
PERA-P&F
PERA-Corr.
TRA
MERF
DTRFA
MTRFA
StPTRFA

Prior military service or uncredited interim/on-leave military service.

Three years of eligible plan(s) service credit.

Maximum purchasable service credit is the initial period of enlistment, induction, or call to active duty, not to exceed five years. Previously purchased service in another defined benefit plan is not purchasable.

Member, employer, and employer additional contributions on the salary rate for the initial day of past military service, multiplied by the military service credit purchase period.

Member responsibility. Payment can be made in a lump sum, in monthly installments, or by payroll deduction.

Ongoing.

S.F. 611 (Betzold);
H.F. 1240 (Bernardy)

MSRS-General
MSRS-Corr.
State Patrol
PERA-General
PERA-P&F
TRA
DTRFA
MTRFA
StPTRFA

Prior military service or uncredited interim/on-leave military service.

Three years of eligible plan(s) service credit.

No maximum number of years. Previously purchased service in another defined benefit plan is not eligible.

Full actuarial value service credit purchase payment amount.

Member responsibility unless the employer agrees to pay a portion.

Repealed May 16, 2002 or May 16, 2003 (varies by plan).