E Relating to retirement ARTICLE 1 - BENEFIT COVERAGE MODIFICATIONS FOR PRIVATIZED GLENCOE AREA HEALTH CENTER EMPLOYEESProviding special retirement benefit coverage for employees of the Glencoe area health center discontinuing public employment due to privatization, providing for entitlement to future retirement benefits under the general employees retirement plan of the public employees retirement association (PERA) without regard to the vesting requirement; subjecting deferred annuities to augmentation, specifying certain interest rates; providing for additional allowable service credit for certain early retirement purposes, for the application of reemployed annuitant earnings limits and for refund of employee contribution plus interest after transfer of employment; specifying certain counseling services requirements ARTICLE 2 - MERGER INTO PERA-P F OF LOCAL POLICE AND FIRE CONSOLIDATION ACCOUNTSRequiring and providing for the merger of existing police and fire consolidation accounts with the public employees police and fire fund under the public employees retirement association (PERA), transferring liabilities and assets; providing for benefit coverage for active members, retirees, benefit recipients and deferred members; requiring and providing for the actuary retained by the legislative commission on pensions and retirement (LCPR) to determine the final funded status of local police and fire consolidation accounts; setting member and employer contribution rates; providing for the allocation of actuarial costs, including quadrennial projection valuations in the assessment; providing for a reduction in police state aid for municipalities with retirement coverage provide by a police consolidation account for certain excesses; providing for the application of total police state aid; reducing the employee and employer contribution rates to the public employees police and fire fund and modifying certain actuarial valuation requirements, providing for recognition of valuation assets in excess of the actuarial accred liability; providing for the allocation of amortization state aid, limiting certain total aid amounts; repealing a certain provision providing for the reduction of employee and employer contribution rates under certain police and fire fund excess conditions ARTICLE 3 - MINIMUM VOLUNTEER FIREFIGHTER STATE AID AMOUNT CHANGESExpanding eligibility for minimum fire state aid to post-1993 volunteer firefighters relief associationsARTICLE 4 - MINNEAPOLIS POLICE AND FIRE DEPARTMENT RELIEF ASSOCIATIONS GOVERNANCE CHANGESEliminating the use of the Minneapolis police pension fund to pay the salaries of the secretary and president of the police relief association; continuing governance of the Minneapolis firefighters relief association by the board of trustees until reduction to only a certain number of benefit recipients ARTICLE 5 - METROPOLITAN COUNCIL TARGETED EARLY RETIREMENT INCENTIVEAuthorizing and providing for the metropolitan council to offer certain eligible employees a certain early retirement incentive, prohibiting the rehiring or contracting for services of employees retiring under the incentiveARTICLE 6 - VARIOUS SMALL GROUP PENSION CHANGESAuthorizing and providing for the purchase of prior military service credit in the public employee retirement association (PERA) by a certain former Rush City school district employee, of service credit for uncredited leave from the teachers retirement association by a certain teacher employed by independent school district 786, Bertha-Hewitt and service credit in TRA by a certain member for certain periods of unrequested leave as a teacher in independent school district 706, VirginiaARTICLE 7 - MISCELLANEOUS PENSION CHANGESRequiring the board of directors of the Minnesota state retirement system to set the age for a reduced early retirement allowance after separation from service, actuarial cost to be covered by the legislator, requiring a report to the legislature by a certain date on use of the provision by the executive director of the legislative commission on pensions and retirement (LCPR); clarifying certain provisions regulating teacher extended leaves and metropolitan council transit operations representation on the MSRS board of directors; modifying the definition of timely receipt of documents under the teachers retirement association and a certain provision providing for the election of retirees to the TRA board of trustees; authorizing and providing for certain employees of the Minnesota state colleges and universities board of trustees (MnSCU) in the unclassified service of the state to participate in the higher education supplemental retirement plan ARTICLE 8 - OTHER CHANGESReducing the membership of the legislative commission on pensions and retirement; requiring the LCPR to study the feasibility and cost effectiveness of converting public employee retirement plans to defined contribution plans and to report to the legislature by a certain date (mk, ja)