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SF 912 Senate Long Description

Authorizing and providing for special retirement benefit coverage under the general employees retirement plan of the public employees retirement association for certain employees of the Ridgeview medical center in Waconia discontinuing public employment due to privatization; subjecting deferred annuities of terminated hospital employees to augmentation, setting the rates of interest and specifying certain exceptions; providing for additional allowable service for certain early retirement purposes; providing for the application of reemployed annuitants earnings limits; providing for refund of accumulated contributions plus interest; requiring the medical center and the executive director of the PERA to provide terminated hospital employees counseling on available benefits(ra)