The purpose of this chapter is to ensure, to the extent possible, that persons employed at public medical facilities who are privatized and consequently are excluded from retirement coverage by the Public Employees Retirement Association will be entitled to receive future retirement benefits under the general employees retirement plan of the Public Employees Retirement Association commensurate with the prior contributions made by them or made on their behalf upon the privatization of the medical facility.
1999 c 222 art 1 s 1; 2015 c 68 art 12 s 27
Structure Minnesota Statutes
Chapters 352 - 356B — Retirement
Chapter 353F — Privatized Public Hospital, Pera Pension Benefits
Section 353F.01 — Purpose And Intent.
Section 353F.02 — Definitions.
Section 353F.03 — Vesting Rule For Certain Employees.
Section 353F.04 — Augmentation Interest Rates For Privatized Former Public Employees.
Section 353F.05 — Authorization For Additional Allowable Service For Early Retirement Purposes.
Section 353F.051 — Continuation Of Disability Coverage.
Section 353F.052 — Application Of Surviving Spouse, Dependent Child Provision.
Section 353F.057 — Termination From Service Requirement.
Section 353F.06 — Application Of Reemployed Annuitant Earnings Limitations.
Section 353F.07 — Effect On Refund.
Section 353F.08 — Counseling Services.
Section 353F.09 — Application To Sales Of Privatized Former Public Employers.