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HF1339 (Legislative Session 94 (2025-2026))

Public employees police and fire retirement plan; payment of a normal retirement annuity without reduction or suspension upon employment or reemployment on or after 55 years of age permitted.

AI Generated Summary

This Minnesota House bill (H.F. No. 1339) proposes changes to the Public Employees Police and Fire Retirement Plan. Key provisions include:

  1. Retirement Age Definition – Establishes retirement age as either the federally defined retirement age or 55 years for members of the Police and Fire Retirement Plan.

  2. Annuity Payments Without Reduction – Allows members of the plan who are at least 55 years old and vested to receive a normal retirement annuity while continuing to work, without a reduction or suspension of benefits.

  3. No Further Contributions – Prevents continued employment after 55 from affecting the annuity amount and stops further retirement contributions from both the employee and employer.

  4. Suspension of Annuity Rules – Modifies existing provisions so that annuities are no longer suspended due to reemployment once the annuitant reaches retirement age.

In summary, the bill permits fully or partially vested public safety employees aged 55 or older to receive retirement benefits while still employed, without affecting their annuities or requiring additional contributions.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
February 23, 2025HouseFloorActionIntroduction and first reading, referred toState Government Finance and Policy
February 23, 2025HouseFloorActionIntroduction and first reading, referred toState Government Finance and Policy
April 20, 2025HouseFloorActionAuthor added

Citations

 
[
  {
    "analysis": {
      "added": [
        "Clarification for retirement age aligning with the United States Code title 42, section 416(l)."
      ],
      "removed": [
        ""
      ],
      "summary": "This amendment clarifies the retirement age requirements for annuitants under section 353.37 of the public employees police and fire retirement plan.",
      "modified": [
        "Specifies retirement age as 55 years for the mentioned retirement plan."
      ]
    },
    "citation": "353.37",
    "subdivision": "subdivision 1b"
  },
  {
    "analysis": {
      "added": [
        "New provisions allowing public office holding without suspension of an annuity."
      ],
      "removed": [
        ""
      ],
      "summary": "Amendment regarding suspension of annuity for reemployed annuitants under section 353.37.",
      "modified": [
        "Annuity suspension rules based on income and age criteria for reemployed annuitants."
      ]
    },
    "citation": "353.37",
    "subdivision": "subdivision 2"
  }
]

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