Bill > SF1341

This bill implements several recommendations from the state auditor's fire relief association working group, making multiple technical changes to Minnesota's laws governing firefighters relief associations. The bill modifies financial reporting requirements, changing the deadline for submitting financial statements from March 31 to June 30 and specifying new certification and accounting standards. It updates provisions related to service pensions, allowing more flexibility in how and when members can receive their pensions, including permitting direct rollovers to retirement accounts and lowering minimum retirement age requirements. The bill also adjusts how relief associations calculate and report their financial requirements and minimum municipal obligations, simplifying some calculations and removing certain previous constraints. Additionally, the bill repeals a previous provision allowing transfers to the Minnesota deferred compensation plan. Most of these changes will become effective either immediately after enactment or on January 1, 2026, giving relief associations time to adapt to the new requirements. The modifications aim to modernize and streamline administrative processes for firefighters relief associations while maintaining their core financial and operational integrity.

Government Affairs

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF1341&ssn=0&y=2025