A medical facility or other employing unit shall cease to be a privatized former public employer and its employees shall cease to be considered privatized former public employees under this chapter upon the sale of the operations of the medical facility or employing unit to another employer or the sale of the medical facility or employing unit to another employer. The privatized former public employees shall be entitled to benefits accrued under this chapter to the date of the sale, but shall not accrue additional benefits after the date of the sale.
2018 c 211 art 10 s 21
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.