Public Employees Retirement Association statewide volunteer firefighter plan; Maple Plain fire department procedures for terminating participation in statewide plan modified, and executive director required to allocate surplus plan assets over liabilities to Maple Plain firefighters in a two-stage allocation.

The bill modifies the procedures for the Maple Plain fire department regarding their participation in a statewide volunteer firefighter retirement plan. It also requires the executive director to distribute any surplus assets from the plan to the Maple Plain firefighters in two stages, ensuring they receive benefits that exceed the liabilities of the plan.

Supporters of the bill would argue that it strengthens the financial security of volunteer firefighters in Maple Plain by ensuring they receive their fair share of surplus retirement funds. This legislation recognizes the valuable service of these firefighters and provides them with better retirement benefits, enhancing their overall compensation.

Critics might contend that the bill complicates the retirement plan for volunteer firefighters and could create confusion or administrative challenges for the Maple Plain fire department. They may also argue that the focus on surplus allocation could divert attention from broader issues facing volunteer fire departments, such as recruitment and retention.