Bill > HF1339

This bill modifies retirement regulations for public employees in the police and fire retirement plan, specifically allowing workers to receive their full retirement annuity without reduction or suspension when they continue working after reaching 55 years of age. The bill introduces several key changes, including defining an "annuity starting date" as the first period for which an annuity is payable, expanding the definition of "retirement age" to explicitly include 55 years old for police and fire plan members, and preventing the suspension of annuity payments for retirees who continue working past retirement age. Additionally, the bill creates a new provision that allows plan members who are at least 55 years old and partially or fully vested to receive a normal retirement annuity while still employed, with the stipulation that their continued employment will not affect their annuity amount and that neither the employee nor employer will make further contributions to the retirement plan. These changes aim to provide more flexibility for public safety workers in managing their retirement and continued employment, with the provisions set to take effect on January 1, 2026.

Government Affairs

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF1339&ssn=0&y=2025