SF2006 - Minnesota: Teacher retirement fund associations in cities of the first class provisions modifications; state and local public retirement programs actuarial services procurement modifications

Relating to retirement; postretirement earnings offsets to pensions for teacher retirement fund associations (TRA) in cities of the first class; modifying certain provisions on the procurement of actuarial services for state and local public retirement programs; authorizing the legislative commission on pensions and retirement to contract with an actuarial consulting firm for certain audit and review purposes; modifying the definition of current assets; establishing a new amortization (full funding) date for the St. Paul teachers retirement fund association; appropriating money to the legislative commission on pensions and retirement for actuarial consulting firm contracting costs; repealing certain provisions relating to coordinated program retirement benefits resumption of teaching after commencement of a retirement annuity and annuity reductions, to actuarial valuation preparation allocation of actuarial costs, and to [...]

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