Relating to retirement

ARTICLE 1 - POSTRETIREMENT OPTION REVISION

Restricting the state employee postretirement program to conform with federal in-service distribution restrictions

ARTICLE 2 - REVISED REEMPLOYMENT ANNUITANT TREATMENT

Increasing teachers retirement association (TRA) reemployed annuitant exempt income limit; revising reemployed annuitant account holding period

ARTICLE 3 - TEACHER RETIREMENT ASSOCIATION CLARIFICATION OF STRIKE PERIOD PROCEDURE

Revising TRA strike period and leave of absence service credit purchase procedures

ARTICLE 4 - PUBLIC EMPLOYEES RETIREMENT ASSOCIATION REVISED PRIVATIZATION PROCEDURES

Providing for certification and decertification of medical facilities and other public employing units; specifying certain eligibility determination requirements; requiring recommendation report to the legislature under certain conditions

ARTICLE 5 - PUBLIC EMPLOYEES RETIREMENT ASSOCIATION PRIVATIZATIONS

Eliminating certain privatized public hospital pension benefits under PERA to employees of the Kanabec and Northfield hospitals and the Renville county hospital in Olivia; modifying certain approval requirements for the Clearwater county memorial hospital

ARTICLE 6 - PUBLIC EMPLOYEES RETIREMENT ASSOCIATION PROVISIONS

Excluding resident physicians, medical interns and pharmacist residents and pharmacist interns serving in a degree or residency program in public clinics from membership in PERA; modifying certain provisions relating to the definition of salary; modifying termination of public service provisions; clarifying correctional state employees retirement plan transfer of service credit procedures, providing limitations on additional plan coverage; modifying requirements for treatment of periods before initial coverage date; modifying investment options for public employees defined contribution plan; modifying certain determination requirements for prior service credit purchase amounts

ARTICLE 7 - MINNESOTA STATE RETIREMENT SYSTEM PROVISIONS

Modifying leave of absence service credit purchase procedures; modifying certain refund requirements; modifying the formula for payment of additional equivalent contributions prior to a certain date of coverage and specifying certain duties of the executive director; specifying certain effect of asset transfer; modifying the time period for surviving spouse coverage in the form of a term certain annuity under the state unclassified employees retirement program; repealing a certain provision relating to state salary limitations

ARTICLE 8 - TEACHERS RETIREMENT ASSOCIATION PROVISIONS

Modifying the definition of termination of teaching service; modifying allowable service credit purchase requirements for family leave of absence; modifying certain computation of retirement annuities requirements for retirees not eligible for federal benefits; repealing certain provisions relating to retirement benefits extension of the 1997 permanent increase, modification in survivor coverage in certain instances, payments to receive credit for prior services for other state or school teaching service and certain annuity options

ARTICLE 9 - REPEAL OF OBSOLETE LEAVE AND ELECTION PROCEDURES

Repealing certain provisions relating to teachers on certain extended leave; repealing provisions relating to legislators second social security referendum election of coverage, payment of retroactive social security taxes and deduction from wages
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