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 bill proposes changes to the Public Employees Police and Fire Retirement Plan in Minnesota, allowing eligible members to receive a normal retirement annuity without reduction or suspension after reaching age 55, even if they continue working or return to public employment.
Key Provisions:
Annuity Starting Date Definition – Establishes that an annuity starts on the first day of the first period for which a payment is made (Sec. 1).
Retirement Age Clarification – Defines retirement age for the police and fire retirement plan as 55 years old (Sec. 2).
Suspension of Annuity Updates – Removes the requirement to suspend retirement annuities for reemployed annuitants once they reach retirement age, regardless of income (Sec. 3).
Retirement Annuity While Employed – Allows police and fire employees who reach age 55 and are vested to begin receiving a retirement annuity while still working. Continued employment after starting the annuity:
- Does not increase or decrease the annuity amount.
- Stops additional retirement contributions by both the employee and employer (Sec. 4).
This bill effectively removes financial penalties for retired public safety employees who continue working or return to work, ensuring that they can collect their full pension upon reaching 55 years old without suspension or reduction.
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| February 23, 2025 | House | Floor | Action | Introduction and first reading, referred to | State Government Finance and Policy |
Citations
[
{
"analysis": {
"added": [],
"removed": [],
"summary": "This bill amends rules about the suspension of retirement annuities under section 353.37.",
"modified": [
"Clarifies and adjusts the conditions under which retirement annuities are suspended or continued during reemployment."
]
},
"citation": "353.37"
}
]