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MN HF2395

MN HF2395
Firefighters relief associations; maximum lump-sum service pension amount increased for each year of service credited.


summary

Introduced
03/17/2025
In Committee
03/17/2025
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to retirement; firefighters relief associations; increasing the maximum lump-sum service pension amount for each year of service credited; amending Minnesota Statutes 2024, section 424A.02, subdivision 3.

AI Summary

This bill increases the maximum lump-sum service pension amount for firefighters' relief associations from $15,000 to $20,000 for each year of service credited. Specifically, the bill amends Minnesota Statutes to allow defined benefit relief associations to set a higher maximum lump-sum service pension in their bylaws, up to $20,000 per year of service. This change applies to volunteer firefighters and paid on-call firefighters who are members of these relief associations. The bill maintains existing provisions that require the method of calculating service pensions to be applied uniformly for all years of active service, with some allowances for service credit limitations. The new maximum pension amount can only be implemented if ratified by the municipality, and the change becomes effective the day following final enactment. This modification provides firefighters with potentially higher retirement benefits, recognizing their service and providing increased financial support upon retirement.

Committee Categories

Government Affairs

Sponsors (2)

Last Action

Author added Bierman (on 04/02/2025)

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