Bill > HF1828

This bill implements several recommendations from the state auditor's fire relief association working group, making multiple technical changes to Minnesota statutes governing firefighters relief associations. The bill modifies financial reporting deadlines, allowing relief associations to submit financial statements by June 30 instead of March 31, and updates provisions related to service pension distributions. Key changes include permitting members to elect direct rollovers of pension distributions, modifying eligibility requirements for service pensions by removing strict age requirements, and allowing more flexibility in how deferred service pensions are credited with interest or investment performance. The bill also adjusts how municipalities calculate their minimum financial obligations to relief associations, removing some previous calculation requirements. Additionally, the bill repeals a provision allowing transfers to the Minnesota deferred compensation plan. Most provisions become effective on January 1, 2026, with some taking effect immediately after enactment. The changes aim to provide more administrative flexibility and modernize the financial management of firefighters relief associations while maintaining their core purpose of providing retirement benefits to volunteer and paid-on-call firefighters.

Government Affairs

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF1828&ssn=0&y=2025