>From Rep. Phyllis Kahn...... Introduced 2004 House Bill 3113 to make various changes to the law surrounding police, fire, and municipal employees retirement plans. Among the changes, the bill: 1) allows for the investment by the Minneapolis Employee Retirement fund in promissory notes issued by Minneapolis, 2) allows Minneapolis to issue promissory notes to make up for a cash deficiency in the retirement benefit fund, 3) establishes a Minneapolis Public Pension Plan Investment Advisory Board to review investment policies of the Minneapolis public pension plans.
Introduced 2004 House Bill 2844 to set December 31st, 2020 as the date for "full funding of the Minneapolis Police Relief Association." The bill also increases the number of units of service pension for 20 or more years of service than they would be entitled to under current law and prohibits the dollar amount of any pension for association members from being reduced. Introduced 2004 House Bill 2745 to requiring a local referendum on pension deficit bonding by local governments. Vicky Heller North Oaks and Cedar-Riverside REMINDERS: 1. Think a member has violated the rules? Email the list manager at [EMAIL PROTECTED] before continuing it on the list. 2. Don't feed the troll! Ignore obvious flame-bait. For state and national discussions see: http://e-democracy.org/discuss.html For external forums, see: http://e-democracy.org/mninteract ________________________________ Minneapolis Issues Forum - A City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:[EMAIL PROTECTED] Subscribe, Un-subscribe, etc. at: http://e-democracy.org/mpls
