Tax Aids and Credits

Pension Aids - Police Aid

Statewide Outcome(s):

Police Aid supports the following statewide outcome(s).

People in Minnesota are safe.

Context:

For some local governments, pension obligations may account for a significant amount of local expenditures.

Police Aid was established in 1971 to help support retirement pensions of local peace officers.

Funding Source: State General Fund, however the amount paid out through police aid is equal to revenue deposited into the general fund primarily from the auto insurance premiums tax.

Strategies:

The program is designed to provide pension aid to local government jurisdictions. Police State aid subsidizes the employer contributions of local units of government to the Public Employee Retirement Association. Annual aid distributions to police departments are based on the number of months worked by each licensed police officer employed by the department.

Results:

Police Aid helps increase affordability of local peace officer pensions.

Performance Measures Notes:

Compares payable year 2009 (previous) to 2011 (current).