Legislative Session number- 85

Bill Name: SF2006

Relating to retirement; postretirement earnings offsets to pensions for teacher
retirement fund associations (TRA) in cities of the first class; modifying
certain provisions on the procurement of actuarial services for state and local
public retirement programs; authorizing the legislative commission on pensions
and retirement to contract with an actuarial consulting firm for certain audit
and review purposes; modifying the definition of current assets; establishing a
new amortization (full funding) date for the St. Paul teachers retirement fund
association; appropriating money to the legislative commission on pensions and
retirement for actuarial consulting firm contracting costs; repealing certain
provisions relating to coordinated program retirement benefits resumption of
teaching after commencement of a retirement annuity and annuity reductions, to
actuarial valuation preparation allocation of actuarial costs, and to actuarial
valuations and experience studies project valuation requirements
(je)