HF3300

Purpose

The purpose of this bill is to address and correct a past oversight involving the recording of retirement service for a specific employee, ensuring that contributions to the Public Employees Retirement Association (PERA) are made for previously unreported service time. It also seeks to extend Rule of 90 eligibility for the affected individual.

Main Provisions

• Employer and Employee Contributions: The bill requires both Alaine Pappin and the Independent School District No. 281 Robbinsdale to make contributions to cover service as an eligible employee before July 1, 1989, that was not reported at that time.
• Retroactive Membership: These contributions will allow Alaine Pappin to be retroactively enrolled in a public pension plan, entitling her to benefits as if she had been a member during the omitted service period.
• Calculation of Contributions: The contributions, including interest, are to be calculated based on the omitted salary of $3185, following specific state statutes.

Significant Changes

• This bill effectively amends existing retirement regulations by permitting the rectification of past omissions in reporting service time, thus granting the affected employee eligibility for early retirement benefits that align with the Rule of 90. This rule allows public employees to retire with full benefits when their age plus years of service equal ninety.

Relevant Terms

• Public Employees Retirement Association (PERA)
• Rule of 90
• Unreported Service
• Public Pension Plan
• Early Retirement Benefits
• Employee Contributions
• Employer Contributions