1.1 	A bill for an act
1.2 	relating to retirement; increasing contribution rates
1.3 	for certain correctional employees; amending Minnesota
1.4 	Statutes 2004, section 352.92, subdivisions 1, 2.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. Minnesota Statutes 2004, section 352.92,
1.7 	subdivision 1, is amended to read:
1.8 		Subdivision 1.Employee contributions.  Employee
1.9 	contributions of covered correctional employees must be in an
1.10 	amount equal to 5.69 a percent of salary. Beginning July 1,
1.11 	2005, through June 30, 2006, the employee contribution must be
1.12 	equal to 6.4 percent of salary.  Beginning July 1, 2006, through
1.13 	June 30, 2007, the employee contribution must be equal to 7.0
1.14 	percent of salary.  Beginning July 1, 2007, through June 30,
1.15 	2008, the employee contribution must be equal to 7.7 percent of
1.16 	salary.  Beginning July 1, 2008, the ongoing employee
1.17 	contribution must be equal to 8.6 percent of salary.

1.18 	Sec. 2. Minnesota Statutes 2004, section 352.92,
1.19 	subdivision 2, is amended to read:
1.20 		Subd. 2.Employer contributions.  The employer shall
1.21 	contribute for covered correctional employees an amount equal to
1.22 	7.98 a percent of salary. Beginning July 1, 2005, through June
1.23 	30, 2006, the employer contribution must be equal to 9.1 percent
1.24 	of salary.  Beginning July 1, 2006, through June 30, 2007, the
1.25 	employer contribution must be equal to 10.1 percent of salary.
2.1 	Beginning July 1, 2007, through June 30, 2008, the employer
2.2 	contribution must be equal to 11.1 percent of salary.  Beginning
2.3 	July 1, 2008, the ongoing employer contribution must be equal to
2.4 	12.1 percent of salary.

2.5 	Sec. 3. EFFECTIVE DATE.
 2.6 	Sections 1 and 2 are effective July 1, 2005.