Laserfiche WebLink
Association urger the legislature to impose the f'oIIowir,,_; <br />restrictions. <br />BEFORE AN GOVERNMENTAL UNIT MAKES ANY NEW COMMITMENT TO PAY ALL <br />OR ANY PART OF SUCH PREMIUMS OR CHARGES IT SHALL ASCERTAIN THE <br />ENTIRE COST. ANY GOVERNMENTAL ENTITY PAYING FOR RETIREE <br />BENEFITS SHALL BUDGET FOR THE: YEAR IN WHICH THE COMMITMENT IS TO <br />BE INCURRED, SUFFICIENT FUNDS TO COVER ALL PROJECTED CURRENT AND <br />FUTURE COSTS WHICH WILL ACCRUE DURING THAT YEAR, AS DETERMINED BY <br />A LICENSED CERTIFIED PUBLIC ACCOUNTA14T OR RECOGNIZED ACTUARY. ANY <br />GOVERNMENTAL UNIT PAYING ANY PART OF THE COST OF RETIREE BENEFITS <br />AUTHORIZED BY THIS SUBDIVISION, OTHER THAN INCLUDING RETIRED <br />EMPLOYEES IN A SINGLE GROUP WITS{ ACTIVE EMPLOYEES, SHALL <br />ESTABLISH A SEPARATE DEDICATED FUND FROM, WHICH THE COST OF THESE <br />BENEFITS SHALL BE PAYABLE AND SHALL BE AUTHORIZED TO LEVY AND <br />COLLECT A TAX, IF NECESSARY, IN THE NEXT ANNUAL TAX LEVY FOR THE <br />PURPOSE OF PROVIDING THE NECESSARY FUNDS FOR TEE PAYMENT OF SUCH <br />PROJECTED COSTS. <br />T-6 GENERAL RETIREE BENEFITS <br />IF ANY INCEEASE IN BENEFITS IS ENACTED FOR PERA RETIREES, THE <br />RESULTING COSTS SHOULD NOT BE PAID FROM THE PErA FUND, BUT RATHER <br />SHOULD BE FINANCED BY A DIRECT APPROPRIATION FROM THE STATE <br />GENERAL FUND. <br />T-7 MINNESOTA POST RET'. RFMENT INVESTNr..,T FUND <br />THE AMM SUPPORTS THE CONTINUATION OF THE MINNESOTA POST <br />RETIREMENT INVESTMENT FUND AS A MEADS OF PROVIDING <br />POST -RETIREMENT INCREASES IN THE ;": BENEFITS OF RETIREES <br />UNDER THE STATE-WIDE PENSION FUN HE AMM SUPPORTc STATE <br />FUNDING OF ANY FUND DEFICITS FROM 11, FUNDS OR AMORTIZATION <br />OF THE DEFICITS BY CREDITING A RE'a -ABLE PORTION OF EXCESS <br />EARNINGS OVER STATUTORY ASSUMPTIONS TO RETIRE DEFICITS AND <br />PAYMENT OF THE REMAINDER OF EXCESS EARNINGS TO RETIREES AS A COST <br />OF LIVING ADJUSTMENT WITHOUT ESTABLISHMENT OF ANY GUARANTEED'-'iT141 <br />ADJUSTMENT. <br />T-8 PENSION FUND PRGGRAM <br />SINCE INTEGRATION OF PENSION FUND ADM:N13TRAT1ON MECHANISMS MAY <br />LEAD TO COMBINING THE FUNDS, THE: AMM OPPOSES ANY MOVE TO COMBINE <br />ADMINISTRATION OF THE THREE STATE-WIDE PENSION PhOGRAMS. <br />T-9 INSURANCE REBATE <br />The PERA police and fire fund is now essentially fully funde". <br />Furthermore, the Employer (taxpayers) through payment of mc,re <br />than 50 percent of contributions to this fund is creiting a <br />surp'Aus no' needie-d for Pension purpo:;en. There fora, <br />