Minnesota HF1339 allows public employees in the police and fire retirement plan to receive a normal retirement annuity without reduction or.

Minnesota HF1339 amends the public employees police and fire retirement plan to permit the payment of a normal retirement annuity without reduction or suspension for individuals employed or reemployed at age 55 or older. The bill modifies the definition of "retirement age" to include 55 years of age for this retirement plan. It also ensures that the association does not suspend an annuity based on an annuitant's reemployment if they have reached retirement age. The changes take effect on January 1, 2026.

Minnesota HF1339 allows public employees in the police and fire retirement plan to receive a normal retirement annuity without reduction or.

Minnesota HF1339 amends the public employees police and fire retirement plan to permit the payment of a normal retirement annuity without reduction or suspension for individuals employed or reemployed at age 55 or older. The bill modifies the definition of "retirement age" to include 55 years of age for this retirement plan. It also ensures that the association does not suspend an annuity based on an annuitant's reemployment if they have reached retirement age. The changes take effect on January 1, 2026.