Providing for retirement coverage for school administrators under the Minnesota state colleges and universities system (MnSCU) individual retirement account (defined contribution) plan administered by the teachers retirement fund, defining school administrator; authorizing and providing for school administrators to elect exclusion from TRA membership for inclusion in the IRA plan, election to be irrevocable; providing for member and employer contributions to the IRA plan; authorizing the TRA to enter into cooperative agreements with qualified governmental retirement plans in other states for the recognition of combined service for benefit eligibility and calculation purposes, specifying the terms and requirements of the agreement and providing for determination of actuarial liability
(mk)