Senate Counsel Bill Summary S.F. 409 (Regular Session)

Bill Summary		Senate
Senate Counsel & Research		State of Minnesota

S.F. No. 409 - Iron Range Resources and Rehabilitation Board (IRRRB) Employee Early Separation Incentive Program (First Engrossment)
Author:	Senator Thomas Bakk
Prepared by:	Chris Turner, Senate Research (651/296-4350)
Date:	March 28, 2005

Section 1 authorizes the Iron Range Resources and Rehabilitation Board (IRRRB) to offer an early separation incentive program for its employees who have attained the age of 60 years, or who have received credit for at least 30 years of allowable service.

The incentive program may include one or more of the following:

employer-paid post-separation health, medical, and dental insurance; and
cash incentives that may be used to purchase additional years of service credit through the Minnesota State Retirement System.

The commissioner of the IRRRB shall establish eligibility requirements for employees to receive the incentive. Acceptance of the incentive offered by the Board must be voluntary on the part of the employee and must be in writing.

Cost of the incentive program shall be borne solely by IRRRB funds and must be approved by a majority of the IRRRB Board.

Section 2 provides that implementation of an early retirement incentive program by the IRRRB is not an unfair labor practice and that its authority is not subject to the limits of Minnesota Statutes, section 179A.20, subdivision 2a, regarding former public employee benefits.

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