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SF 777 Senate Long Description

Establishing a legislators retirement fund as a special retirement fund to be credited with assets equal to the participation of the legislators retirement plan in the Minnesota postretirement investment fund; modifying teachers pre-1969 law retirements; modifying actuarial value of assets and providing calculations; establishing uniform annual postretirement adjustments for the legislative, Minnesota state retirement association (MSRS) correctional and general state employees, state patrol (trooper), elective state officers, public employees retirement association (PERA) general employees, police and fire retirement plan, and local government correctional employees, teachers and judges retirement plans; repealing the Minnesota postretirement investment fund and participation by the public retirement plans, repealing a state board of investment report on postretirement investment fund, investment performance and adjustment calculation
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