Skip to main content Skip to office menu Skip to footer
Capital IconMinnesota Legislature

Early retirement incentive

Published (6/1/2010)
By Patty Ostberg
Share on: 

Eligible state employees can have two years of health and dental insurance coverage deposited into their health care savings plan as an early retirement incentive, under a new law.

Sponsored by Rep. Loren Solberg (DFL-Grand Rapids) and Sen. Tom Bakk (DFL-Cook), the law is applicable for an employee with at least 15 years of contributions in certain retirement funds; who accepts the incentive no later than Dec. 31, 2010; retires no later than June 30, 2011, and is not in receipt of certain state retirement plans during the month preceding the termination of qualified employment.

The employee can use the funds for health care expenses.

The employee’s appointed authority has the discretion whether to offer the retirement incentive. Employees who accept the incentive may not be reemployed or hired as a consultant by any agency or entity that participates in the State Employee Group Insurance Program for three years.

The Minnesota Management & Budget commissioner must report to the Legislature by April 2, 2011, the number of employees accepting the incentive.

The law is effective May 14, 2010.

HF2038/ SF1481*/CH337

Session Weekly More...

Session Weekly Home

Related Stories

A little bit of everything
Omnibus economic development law touches on a wide range of topics
(view full story) Published 6/1/2010

Return on investments
State employee and teacher retirement accounts hurting
(view full story) Published 4/15/2010

Building a better unemployment system
Omnibus workforce policy bill includes help of laid-off workers
(view full story) Published 3/25/2010

Minnesota Index: Working (or not) Minnesotans
Figures and statistics on employment and unemployment in Minnesota
(view full story) Published 2/11/2010

At Issue: Line-item vetoes for jobs bill
New law funds jobs and housing, makes ice hockey the state sport
(view full story) Published 5/29/2009

At Issue: The works
Jobs programs get a boost in economic development finance bill
(view full story) Published 5/1/2009

First Reading: Career non-opportunities
Lawmakers offer conflicting ideas on how to create jobs
(view full story) Published 3/27/2009

At Issue: A lifeline for the jobless
A law extending unemployment benefits highlights a growing problem
(view full story) Published 1/30/2009

Minnesota Index: Employment or lack thereof
Figures and statistics on unemployment in Minnesota.
(view full story) Published 1/30/2009

First Reading: New jobs in hard times
Lawmakers make job creation a priority for 2009
(view full story) Published 1/16/2009