Relating to public retirement

ARTICLE 1 - ECONOMIC ASSUMPTION REVISIONS

Specifying select and ultimate interest rate assumptions for preretirement and postretirement interest assumptions for the public retirement plans, making an exception for the Duluth and St. Paul teachers retirement plans, modifying the service-related ultimate future salary increase assumption and the payroll growth assumption

ARTICLE 2 - CONFORMING CHANGES RELATED TO INTEREST RATE ASSUMPTION CHANGE

Making statutory conforming amendments for legislators, state employees, state trooper, state unclassified, public employees retirement association (PERA), teachers retirement, individual retirement account (IRA), higher education supplemental, and judges retirement systems; requiring annuity reserve, optional annuity, and early retirement factor revisions
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