HF 2922

FIRST COMMITTEE ENGROSSMENT
Article 1: MERF Consolidation account in PERA.

Sec. 1: PERA included employees provisions modified.

Sec. 2: Excluded employees provisions modified.

Sec. 3: MERF division definition provided.

Sec. 4: MERF division account definition provided.

Sec. 5: PERA; custodian of funds provisions modified.

Sec. 6: PERA; State Board of Investment to invest funds provisions modified.

Sec. 7: General employees retirement fund provisions modified.
Subd. 1: Income; disbursement provisions modified.
Subd. 1a: MERF division account established, and revenue and disbursements language provided.
Subd. 2: General employees retirement plan; employee contribution provisions modified.
Subd. 3: General employees retirement plan; employer contribution provisions modified.
Subd. 3a: Additional employer contribution provisions modified.
Subd. 3b: Change in employee and employer contributions in certain instances provisions modified.
Subd. 4: Employer reporting requirements; contributions and member status provisions modified.
Subd. 7: Adjustment provisions modified for erroneous receipts and disbursements.
Subd. 7a: Deductions or contributions transmitted by error provisions modified.
Subd. 7b: Overpayments recovery provisions modified.
Subd. 7c: Additional plan coverage limitation provisions modified.
Subd. 8: District court reporters; salary deductions language.
Subd. 9: Fee officers, contributions, and obligations of employers provisions modified.
Subd. 10: Employer exclusion reports provisions modified.
Subd. 11: Employers; requested information requirement provisions modified.
Subd. 12: Omitted salary deductions; obligations provisions modified.
Subd. 12a: Terminated employees: omitted deductions provisions modified.
Subd. 12b: Terminated employees: immediate eligibility provisions modified.
Subd. 13: Certain warrants cancellation provisions modified.
Subd. 14: Periods before initial coverage date provisions modified.

Sec. 8: Refund or deferred annuity provisions modified.

Sec. 9: Fund additions provisions modified.

Sec. 10: Salary maximums provisions modified.

Sec. 11: Annuity suspension provisions modified.

Sec. 12: Annuity reduction provisions modified.

Sec. 13: Annuity resumption provisions modified.

Sec. 14: Annuity effect provisions modified.

Sec. 15: Deferred annuitant rights provisions modified.
Sec. 16: Certain coordinated members computation of benefits provisions modified.

Sec. 17: MERF consolidation account; establishment and operation language provided.
Subd. 1: Administrative consolidation language provided.
Subd. 2: Membership transfer language provided.
Subd. 3: Service credit and benefit liability transfer.
Subd. 4: Records transfer language provided.
Subd. 5: Transfer of title to assets provisions modified.
Subd. 6: Benefits language provided.
Subd. 7: MERF division account contributions language provided.
Subd. 7a: Minneapolis Municipal Retirement Association dues language provided.
Subd. 8: Eventual full consolidation language provided.
Subd. 9: Merger of former MERF membership groups into PERA-general language provided.

Sec. 18: Pension coverage provisions modified for public safety employees of Metropolitan Airports Commission.

Sec. 19: Interest and salary assumption provisions modified.

Sec. 20: Amortization contributions provisions modified.

Sec. 21: Minneapolis retirement allowances; state contributions provisions modified.

Sec. 22: PERA coverage provisions modified.

Sec. 23: MERF division actuarial valuation assumptions language provided.

Sec. 24: Minneapolis Municipal Retirement Association language provided.

Sec. 25: MERF employees transfer language provided.

Sec. 26: Revisor???s instructions provided.

Sec. 27: Repealer provided.

Sec. 28: Effective date provided.

Article 2: Conforming changes

Sec. 1: Public accountants; report of possible misconduct provisions modified.

Sec. 2: Retirement funds and plans investment; covered retirement funds
and plans provisions modified.

Sec. 3: Executive branch, local government open meeting provisions modified.

Sec. 4: Political subdivision compensation limit provisions modified.

Sec. 5: Coverage continuation provisions modified for state personnel.

Sec. 6: Fire and police department state aid qualification definitions modified.

Sec. 7: Reduction in police state aid apportionment provisions modified.

Sec. 8: State aid deposit provisions modified.

Sec. 9: Benefits levies; retirement levies provisions modified.

Sec. 10: Former Minneapolis employees continuation of benefits provisions modified.

Sec. 11: State employee exclusion provisions modified.

Sec. 12: PERA Board of Trustees management, composition, and election provisions modified.

Sec. 13: Refund repayment provisions modified.

Sec. 14: Participation provisions modified.

Sec. 15: Volunteer ambulance service personnel election provisions modified.

Sec. 16: Volunteer firefighters participation provisions modified.

Sec. 17: Volunteer firefighter option provisions modified.

Sec. 18: Membership miscertification and certification failures penalty provisions modified.

Sec. 19: Minenapolis Employees Retirement Fund state aid rededication provisions modified.
Subd. 1: Appropriation provisions modified.
Subd. 2: Financial requirement provisions modified.

Sec. 20: Teacher???s retirement; teacher definition modified.

Sec. 21: Service in other public retirement funds; annuity provisions modified.

Sec. 22: Optional Medicare coverage for certain public employees agreement provisions modified.

Sec. 23: Covered public pension plans and funds provisions modified.

Sec. 24: Actuary retention provisions modified.

Sec. 25: Combined service annuity; covered plans provisions modified.

Sec. 26: Disability benefit with combined service definitions modified.

Sec. 27: Disability benefit with combined service; covered retirement plans provisions modified.

Sec. 28: Survivor benefit with combined service; covered retirement plans provisions modified.

Sec. 29: Proportionate annuity at age 65; covered retirement plans provisions modified.

Sec. 30: Exemption from process; covered retirement plans provisions modified.

Sec. 31: Restoration of survivor benefits; covered funds provisions modified.

Sec. 32: Postretirement adjustments for statewide retirement plans; covered retirement plans provisions modified.

Sec. 33: Lump-sum postretirement payment conversion provisions modified.

Sec. 34: Supplemental needs trust as optional annuity form recipient ; covered retirement plans provisions modified.

Sec. 35: Real Estate investment provisions modified.

Sec. 36: Disposition of abandoned public pension funds amounts provisions modified.

Sec. 37: Voluntary membership dues deduction provisions modified.

Sec. 38: Pension plan appeal procedures; definitions modified.

Sec. 39: Existing sanitary districts and joint sewer boards provisions modified.

Sec. 40: Employees, others, and affirmative action; prevailing wage provisions modified.

Sec. 41: Municipality bond issuance; certain purposes provisions modified.

Sec. 42: Employee transfer to judicial branch; election to retain insurance and benefits; retirement provisions modified.

Sec. 43: Effective date provided.