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HF 4326

Public employees police and fire retirement plan; payment of retirement annuity without reduction or suspension upon reemployment authorized.

2025-2026 Regular Session Introduced by Terry Stier

Allows retirees of the Public Employees Police and Fire Retirement Plan to receive full annuity payments without reduction when they rejoin eligible public safety work.

Introduction and first reading, referred to State Government Finance and Policy
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Bill Summary · HF 4326

Summary of HF 4326 (Minnesota, 2025-2026)

Title

Public employees police and fire retirement plan; payment of retirement annuity without reduction or suspension upon reemployment authorized.

Purpose and intent

HF 4326 seeks to allow retirees from the public employees police and fire retirement plan to receive their retirement annuity payments even if they return to work in eligible public safety positions. Specifically, it authorizes payment of the retirement annuity without reduction or suspension when the retiree is reemployed, addressing how reemployment affects annuity payments under this specific retirement system.

Key provisions

  • Authorization of continued annuity payments: The bill permits a retiree to continue receiving their retirement annuity without the usual reduction or suspension that can occur upon reemployment in certain public sector roles.
  • Scope of applicability: Applies to the Public Employees Police and Fire Retirement Plan. It clarifies how reemployment interacts with ongoing retirement benefits for those in police and fire public employment.
  • Reemployment context: The provision covers scenarios where a retiree returns to work in a capacity that would typically trigger changes to retirement benefits, ensuring uninterrupted annuity payments during reemployment.

Note: The bill text would specify any limits, conditions, or thresholds (e.g., types of positions qualifying as reemployment, hours, compensation caps, or required reporting). The summary here reflects the primary intent to avoid reduction or suspension of annuity during reemployment but does not yet include granular administrative rules that may be in the enacted language.

Affected parties

  • Retirees of the Public Employees Police and Fire Retirement Plan: Individuals who have retired and later return to work in public safety roles covered by the plan.
  • Public employers and human resources administrators: Agencies and personnel responsible for rehiring retirees in eligible roles, who would implement the new rule and ensure compliance.
  • Plan administrators and the Minnesota State Retirement System (if applicable): Entities responsible for administering retirement benefits and ensuring proper payment calculations under the revised framework.

Procedural and timeline aspects

  • Introduction and first reading: March 16, 2026. The bill has been introduced and referred to a committee.
  • Committee process: Referred to the State Government Finance and Policy committee. The bill will undergo committee consideration, potential amendments, and a public hearing.
  • Next steps: If advanced, the bill would go through additional readings and votes in the House, then potentially move to the Senate, and, if enacted, proceed to the governor for signature. Timeline depends on committee schedules and legislative priorities.

Practical impact and considerations

  • Administrative clarity: The bill aims to remove a financial penalty for retirees who re-enter public safety work, potentially improving workforce flexibility and retention among critical public safety personnel.
  • Fiscal implications: The effect on state or retirement system finances would depend on the number of reemployed retirees and the duration of continued annuity payments. The fiscal note (not provided here) would typically estimate any impact on the retirement system’s funding.
  • Policy balance: By guaranteeing uninterrupted annuity payments upon reemployment, the bill prioritizes income stability for retirees while still maintaining the overall framework of the Public Employees Police and Fire Retirement Plan.

This summary presents the bill’s core intent and likely effects based on the title and action history. For a complete understanding, the full bill text and any fiscal notes would be needed, along with committee amendments and subsequent floor votes.

Compiled from official sources — confirm details with the bill’s official record.

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