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MN SF2752

MN SF2752
Firefighter relief associations maximum lump-sum service pension amount for each year of service credited increase provision


summary

Introduced
03/20/2025
In Committee
03/20/2025
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 firefighter relief associations from $15,000 to $20,000 for each year of service credited. The bill specifically modifies Minnesota Statutes to allow defined benefit relief associations to set higher pension amounts in their bylaws, with the new maximum of $20,000 per year of service. The change applies to relief associations that provide lump-sum service pensions to firefighters, and the method of calculating service pensions must be applied uniformly across all years of active service. To implement this increase, the relief association must have the new pension amount ratified by the municipality, and the change will take effect the day following final enactment. This modification aims to provide better financial support for volunteer and paid on-call firefighters by allowing them to receive a higher pension benefit in recognition of their service.

Committee Categories

Government Affairs

Sponsors (2)

Last Action

Referred to State and Local Government (on 03/20/2025)

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