Retirement-Teachers Legislation - Minnesota

Relating to retirement ARTICLE 1 - ACTUARY RETAINED BY THE LEGISLATIVE COMMISSIONS ON PENSION AND RETIREMENT Providing for actuarial services to the legislature and the state; mandating the retention of the consulting actuary for various retirement related reports by the legislative commission on pensions and retirement (LCPR); eliminating certain joint contractual duties of the Minnesota state retirement system (MSRS), the public employees retirement association (PERA), the teachers retirement association (TRA), the Duluth teachers retirement fund association, the Minneapolis employees retirement fund (MERF) and the St. Paul teachers retirement fund; allocating the costs of actuarial services among retirement plans; creating a legislative commission on pensions and retirement revolving fund for actuarial services, requiring actuarial costs assessments to be credited to the account; modifying certain [...]

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Relating to retirement ARTICLE 1 - POSTRETIREMENT OPTION REVISION Restricting the state employee postretirement program to conform with federal in-service distribution restrictions ARTICLE 2 - REVISED REEMPLOYMENT ANNUITANT TREATMENT Increasing teachers retirement association (TRA) reemployed annuitant exempt income limit; revising reemployed annuitant account holding period ARTICLE 3 - TEACHER RETIREMENT ASSOCIATION CLARIFICATION OF STRIKE PERIOD PROCEDURE Revising TRA strike period and leave of absence service credit purchase procedures ARTICLE 4 - PUBLIC EMPLOYEES RETIREMENT ASSOCIATION REVISED PRIVATIZATION PROCEDURES Providing for certification and decertification of medical facilities and other public employing units; specifying certain eligibility determination requirements; requiring recommendation report to the legislature under certain

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1E Relating to the organization, operation and financing of state government, appropriating money for general legislative and administrative expenses ARTICLE 1 - STATE GOVERNMENT APPROPRIATIONS Appropriating money to the legislature for general operations and for health care access, to the constitutional officers, to the campaign finance and public disclosure board, to the investment board, to the office of enterprise technology, to the office of administrative hearings, to the commissioner of administration for state facilities, state and community and administrative management services, for matching grants for public television, to the capitol area architectural and planning (CAAP) board, to the commissioner of finance for state financial management and information and management services, to the commissioner of employee relations (DOER), to the commissioner of revenue for tax system and accounts receivable [...]

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Creating a statewide health insurance program for school district employees; creating the Minnesota school employee insurance board as a public corporation to create and administer the program, specifying certain membership requirements and certain duties of the board relating to the design and nature of the plan, providing a contingent expiration date; requiring the board to report to the legislature by a certain date on the final design for the health plan platforms and on governance requirements for the board, specifying certain report content requirements; requiring periodic reports by the board to the commissioner of commerce and the legislature summarizing and evaluating the performance of the program; requiring the legislative auditor to conduct a study by a certain date to determine the impact of the cash in lieu provisions on the public employees retirement system (PERA) and the teachers retirement association (TRA) [...]

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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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