Minnesota SF5220 modifies the statewide volunteer firefighting retirement plan provisions.
Minnesota SF5220 amends the statewide volunteer firefighting retirement plan provisions by modifying the selection of coverage, benefit level changes, and termination procedures. It specifies that entities must select coverage by either the defined benefit plan or the defined contribution plan. Benefit level changes in the monthly division can be requested by the fire chief or governing body, and the procedure is initiated when the fire chief or governing body files a request with the executive director.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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