Authorizing and providing for the election of future postretirement adjustment coverage under the public employees police and fire fund by certain retirees previously electing benefit coverage under the local relief association benefit plan in effect on the effective date on consolidation of the local association with the public employees retirement association, requiring the filing of a completed election form with the executive director of PERA before a certain date; providing for the transfer of assets from the appropriate individual local relief association accounts to the Minnesota postretirement investment fund(ra)