Skip to main content Skip to office menu Skip to footer
Capital IconMinnesota Legislature

HF 2762

as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

Line numbers 1.1 1.2 1.3 1.4
1.5 1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 1.14 1.15 1.16 1.17 1.18 1.19 1.20 1.21 1.22 1.23 1.24 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 2.9 2.10 2.11 2.12 2.13
2.14 2.15

A bill for an act
relating to retirement; Teachers Retirement Association; authorizing the purchase
of service credit for prior Illinois teaching service.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin TEACHERS RETIREMENT ASSOCIATION; SERVICE CREDIT
PURCHASE AUTHORIZATION.
new text end

new text begin (a) Notwithstanding any provision of Minnesota Statutes, chapter 354, to the
contrary, an eligible person described in paragraph (b) may purchase allowable and
formula service credit under Minnesota Statutes, section 354.05, subdivisions 13 and 25,
from the Teachers Retirement Association, for the period of prior out-of-state teaching
service specified in paragraph (c), by making the payment required under paragraph (d).
new text end

new text begin (b) An eligible person is a person who:
new text end

new text begin (1) was born on April 7, 1976;
new text end

new text begin (2) was a teacher at the Edwardsville High School in O'Fallon, Illinois, during the
1998-1999, 1999-2000, 2000-2001, and 2001-2002 school years;
new text end

new text begin (3) was a teacher for Independent School District No. 196, Rosemount, at the
Apple Valley High School during the 2002-2003, 2003-2004, 2004-2005, 2005-2006,
and 2006-2007 school years; and
new text end

new text begin (4) was on a leave of absence from Independent School District No. 196,
Rosemount, for the 2007-2008 school year.
new text end

new text begin (c) The period of prior service credit available for purchase is up to 4.188 years,
representing Illinois teaching service rendered during the 1998-1999, 1999-2000,
2000-2001, and 2001-2002 school years. The prior service credit may not exceed one year
of service credit in any school year and may not include any prior teaching service that
entitles the eligible person to a current or deferred age and service retirement annuity or
disability benefit from the Illinois Teachers Retirement System or that was previously
subject to a prior service credit purchase from another defined benefit public employee
retirement plan.
new text end

new text begin (d) The purchase payment amount under this section is the amount calculated under
Minnesota Statutes, section 356.551. If permitted by federal law and Illinois state law, the
purchase payment obligation may be met in whole or in part by an institution to institution
transfer of the eligible person's account balance in the Illinois Teachers Retirement System.
new text end

new text begin (e) The election to purchase prior service credit under this section must be made
in writing and must be filed with the executive director of the Teachers Retirement
Association. The executive director of the Teachers Retirement System may require the
documentation of the applicability of this section and any other relevant information
from the eligible person.
new text end

new text begin EFFECTIVE DATE; EXPIRATION. new text end

new text begin This section is effective the day following
final enactment and expires on January 1, 2010.
new text end