Public employees police and fire retirement plan; payment of retirement annuity without reduction or suspension upon reemployment authorized.

This bill allows police and fire retirees in Minnesota to return to work without having their retirement payments reduced or stopped. It specifically applies to members of the Public Employees Police and Fire Retirement Plan who rejoin covered employment positions. Under the new rules, retirees can resume work as early as 31 days after leaving their previous jobs, and their annuity payments will remain unchanged regardless of their new salary. The legislation also clarifies that no additional contributions are required from either the retiree or their employer during the reemployment period.