4E Relating to retirement

ARTICLE 1 - MINNESOTA STATE RETIREMENT SYSTEM CONTRIBUTION INCREASES

Increasing employee and employer contribution rates to the state employees retirement fund under the Minnesota state retirement system (MSRS); establishing procedures for revising employee and employer contributions under certain conditions; increasing employee and employer contribution rates under the Minnesota state retirement system (MSRS) correctional employees retirement plan; increasing employee and employer contribution rates under the MSRS state patrol retirement fund

ARTICLE 2 - MSRS-CORRECTIONAL RETIREMENT PLAN INCLUSIONS

Updating references to the Minnesota sex offender program and the Minnesota extended treatment option program; expanding the membership of the MSRS correctional plan; specifying procedures for department of corrections review of additional MSRS correctional plan inclusions; entitling and providing for employees with retirement coverage transferred to the correctional plan to elect to obtain prior service credit for eligible state service performed between certain dates with the department of corrections, requiring commissioner of corrections certification of eligible correctional service to the commissioner of employee relations (DOER) and the MSRS executive director; providing for additional employee contributions and for the transfer of assets from the general state employees retirement plan to the correctional employees retirement plan, requiring department of corrections reimbursement to the legislative commission on pensions and retirement (LCPR) for actuarial work performed by the commission actuary and providing for the effect of the asset transfers; authorizing and providing for transfer of prior service credit from the general plan to the correctional plan of the Minnesota state retirement system (MSRS) by a certain individual formerly employed as a correction program director and currently employed as a corrections lieutenant

ARTICLE 3 - RETIREMENT PLAN ADMINISTRATIVE PROVISIONS

Modifying certain Minnesota state colleges and universities system tax sheltered annuity minimum vendor requirements; modifying MSRS provisions relating to the temporary reemployment benefit reduction waiver and bounce back annuity for disabled annuitants; including certain physicians under the definition of included public employees for coverage purposes and clarifying eligibility for optional coverage of St. Paul port authority employees; modifying the definitions of termination of public service and termination of membership; expanding the definition of authorized temporary layoff to authorized seasonal layoff and defining indefinite layoff; clarifying certain PERA board of trustees membership provisions and certain election procedures and specifying the legal authority of the board; modifying certain receipts, disbursements and collection provisions for federal requirements consistency purposes; clarifying certain disability and bounce back annuity provisions, requiring certain disabilitant earnings reports; eliminating the five year term certain survivor coverage option and the authority of privately operated ambulance services to contribute to the PERA defined contribution plan; authorizing counties to certify positions for inclusion in local government correctional service retirement plan as sufficiently similar to existing positions; modifying city managers and volunteer firefighters election to PERA provisions; expanding the definition of county correctional institution to juvenile correctional facilities administered by a county or on behalf of multiple counties; making permanent a temporary disabilitant trial work period provision; equalizing member and employer contributions under the state arts board and Minnesota humanities commission IRA plan with the MnSCU IRA plan; providing for annuity and disability treatment for wrongful discharge; requiring appointing authorities in the executive and legislative branches, the board of public defense, the Minnesota historical society, and the Minnesota state colleges and universities (MnSCU) to offer early retirement incentives to certain employees, specifying requirements; providing prior service credit purchase for Illinois municipal retirement plan covered service under certain conditions; providing for a temporary transfer of certain deferred compensation contributions for voluntary or emergency on call firefighters; repealing a certain obsolete higher education mandatory retirement age provision

ARTICLE 4 - PERA-P & F RETIREMENT PLAN CHANGES

Modifying disability benefits eligibility requirements under the public employees police and fire plan of the public employees retirement association (PERA)

ARTICLE 5 - PRIVATIZATION RETIREMENT COVERAGE CHANGE

Expanding privatized public hospital pension benefits under the public employees retirement association (PERA) to employees of the Clearwater county memorial hospital, employees of the Dassel lakeside community home and employees of the city of Cannon Falls hospital; requiring the city of Hutchinson to file a certificate of approval by a certain date relating to the Hutchinson area health care center privatized public hospital pension benefits under the public employees retirement association (PERA; removing the Hutchinson area health care center and the Northfield hospital from legislative commission on pensions and retirement actuarial oversight; modifying augmentation interest rates provided to privatized employees for medical facility or other public employing unit privatizations effective after a certain date under the public employees retirement association (PERA)

ARTICLE 6 - SOCIAL SECURITY COVERAGE CHANGES

Providing for prospective and retroactive social security and medicare coverage of certain public employees, specifying certain referendum requirements

ARTICLE 7 - SUPPLEMENTAL RETIREMENT PLAN COVERAGE CHANGES

Increasing the limit on employer contributions to the laborers national industrial and plumbers and pipefitters national and local pensions funds under the public employees retirement association (PERA) and expanding the exceptions to the prohibition on public fund contributions to supplemental pension or deferred compensation plans to laborers local pension funds and the international association of machinists

ARTICLE 8 - RETIREMENT FUND INVESTMENT AUTHORITY CHANGES

Modifying reporting requirements of certain pension plans relating to investment and portfolio market value; expanding authorized investments in securities to real estate trusts and insurance company commingled accounts, removing the investments from the other investments category; increasing the aggregate value ceiling of certain additional investments; repealing certain statement of economic interest filing and investment disclosure requirements

ARTICLE 9 - MINNEAPOLIS POLICE RELIEF ASSOCIATION CHANGES

Authorizing an increase in board members salaries and increasing benefits to persons serving less than 20 years; prohibiting disability benefit recomputation of service related injuries or diseases by the Minneapolis police relief association board of directors, requiring prior recomputations of service related injuries to be revoked under certain conditions

ARTICLE 10 - RECODIFICATION OF VARIOUS STATEWIDE SPECIALTY RETIREMENT PLANS

Modifying and recodifying certain provisions under the legislators retirement plan of the Minnesota state retirement system (MSRS); defining or redefining certain terms; clarifying administrative responsibility; modifying certain retirement allowance qualification, deferred annuities and survivor benefit provisions and clarifying certain provisions relating to the reduced retirement allowance, optional annuities, contributions, the irrevocability of certain elections, service credit, coverage by more than one retirement system or association and exemption from process and taxation; repealing certain definitions and certain provisions relating to retirement allowance payment for past service, survivor benefits and membership in the public employees retirement association (PERA); applying certain provisions of the elective state officers retirement plan under MSRS to a certain former constitutional officer and clarifying the administrative agency and standards of the plan; making certain technical corrections; repealing certain obsolete provisions

ARTICLE 11 - JUDGES RETIREMENT PLAN AND BOARD ON JUDICIAL STANDARDS RECODIFICATION

Clarifying and revising certain provisions under the judges retirement plan of the Minnesota state retirement system (MSRS) relating to administration of the fund, fiduciary responsibility, the judges retirement fund, member and employer contributions, annuities and benefits, part time service and compulsory retirement; defining or redefining certain terms; recodifying and revising certain provisions governing the board on judicial standards; repealing certain obsolete provisions

ARTICLE 12 - JUDGES RETIREMENT PLAN AND RELATED CHANGES

Providing a joint and survivor annuity option to surviving spouses of deceased judges under the judges retirement plan administered by the Minnesota state retirement system (MSRS)

ARTICLE 13 - VOLUNTEER FIRE RELIEF ASSOCIATION CHANGES

Modifying state auditor reporting requirements; defining volunteer firefighters; authorizing an individual retirement account transfer for volunteer firefighting relief association death/survivor benefits; authorizing the payment of certain volunteer firefighter relief association death benefits to estates; increasing the state supplemental benefit for certain survivors; increasing the survivor benefit for the spouse of a certain deceased member of the Randall firemen's relief association killed in a construction accident

ARTICLE 14 - ONE PERSON AND SMALL GROUP RETIREMENT PROVISIONS

Providing an annuity under the public employees police and fire plan of the public employees retirement association (PERA) for a certain former St. Paul firefighter incorrectly placed in the St. Paul fire department relief association retirement plan to correct the coverage error; specifying certain eligible firefighter application requirements and providing for the calculation of the additional employee contribution or refund amount and of the required reserves, requiring payment of the reserve amount to the city of St. Paul for transmission to the former firefighter; authorizing and providing for the purchase of prior service credit in the public employees police and fire plan of the public employees retirement association (PERA) by a certain current member of the plan formerly employed as a firefighter by the city of Faribault; authorizing and providing for the purchase of prior service credit in the teachers retirement association (TRA) by a certain member employed at the Northfield middle school in independent school district #659, Northfield for prior teaching service in Montana; authorizing and providing for the purchase of prior service credit in the general plan of the public employees retirement association (PERA) by a certain member of the general plan of the Minnesota state retirement system (MSRS) for former service as a public defender in the tenth judicial district and in Washington county; authorizing and providing for the purchase of prior service credit in the public employees police and fire plan for a former employee of the Minnetonka police department granted a leave of absence to serve as a business agent for an employee labor organization; authorizing and providing for the purchase of prior service credit in the public employees retirement association (PERA) by a certain former employee of the city of Anoka at the Greenhaven golf course; authorizing and providing for the repayment of a refund to the teachers retirement association (TRA) of contribution amounts previously transferred to the unclassified state employees retirement program (MSRS) for a certain teacher formerly employed by independent school district #191, Burnsville and currently employed by independent school district #196, Rosemount-Apple Valley; authorizing and providing for the purchase of prior service and salary credit in the teachers retirement association by a certain person with prior employment covered by the public employees retirement association (PERA) and currently employed by north Hennepin community college with coverage under the higher education individual retirement account plan and not receiving an offer of election of TRA coverage; providing for election of TRA retroactive overage by the eligible person in lieu of coverage by the IRA plan, specifying certain contribution requirements; authorizing and providing for the purchase of uncredited medical leave in the teachers retirement association by a certain person employed by independent school district #197, West St. Paul; authorizing and providing for the purchase of service credit for TRA covered teachers on strike in International Falls or Red Wing schools; authorizing and providing for the purchase of prior service credit in the public employees retirement association (PERA) by a certain former employee of independent school district #271, Bloomington; authorizing the former mayor of St. Paul to reverse a previous benefit coverage election in PERA; modifying the method for dividing public pension benefits as marital property in marriage dissolution actions; authorizing and providing for the purchase of prior service credit in the Minneapolis employees retirement fund (MERF) by a certain employee of the city of Minneapolis for a certain workers compensation injury period; authorizing and providing for certain North St. Paul elected officials service credit purchases; authorizing and providing for the purchase of prior service credit in the public employees police and fire plan of the public employees retirement association (PERA) by a certain current member of the plan formerly employed by the Eveleth police department; authorizing and providing for the purchase of prior service and salary credit in the teachers retirement association by a certain person employed by independent school district #831, Forest Lake for uncredited extended leave
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