Legislative Session number- 86

Bill Name: HF2922

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.