Modifying St. Paul teachers retirement fund association provisions, modifying the aid adjustment computation required by the commissioner of education to independent school district #625, St. Paul and the employer regular contribution to the fund; increasing the state payment to the fund; continuing independent school district #625, St. Paul payments to the fund until a certain date; requiring executive director determination of the postretirement adjustment and modifying the eligibility period, eliminating an additional investment postretirement percentage; providing for a cost of living adjustment, specifying calculation; establishing a new amortization (full funding) date; repealing an aid adjustment termination due to employer retirement contribution rate changes and a St. Paul teacher retirement fund association supplemental administrative expense assessment
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