Legislative Session number- 86

Bill Name: SF2573

2E Relating to legislators retirement, state troopers retirement, university
hospital employee retirement, Minnesota state retirement system (MSRS), public
employees retirement association (PERA), local government correctional service
retirement, privatized public hospital PERA pension benefits, teachers
retirement association (TRA), public employees retirement systems, first class
city teacher retirement fund associations, police and salaried firefighters
relief association; increasing certain contribution rates, suspending certain
postretirement adjustments; reducing certain postretirement adjustment increase
rates, interest rates on refunds and deferred annuity augmentation rates;
eliminating interest on reemployed annuitant earnings limitation deferred
accounts; increasing certain vesting requirements and certain early retirement
reduction rates; reducing certain benefit accrual rates; extending certain
amortization periods; specifying state patrol retirement plan annual
postretirement adjustments; requiring a actuarial valuation reports to utilize a
post-retirement interest rate assumption; requiring a retirement fund investment
authority study; authorizing certain bylaw amendments; repealing the Duluth
teachers retirement fund association postretirement adjustment
modification
(rt)