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Minnesota Legislature

Office of the Revisor of Statutes

SF 1398

3rd Engrossment - 89th Legislature (2015 - 2016) Posted on 05/27/2015 12:09pm

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - 3rd Engrossment

Line numbers 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 1.14 1.15 1.16 1.17 1.18 1.19 1.20 1.21 1.22 1.23 1.24 1.25 1.26 1.27 1.28 1.29 1.30 1.31 1.32 1.33 1.34 1.35 1.36 1.37 1.38 1.39 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 2.9 2.10 2.11 2.12 2.13 2.14 2.15 2.16 2.17 2.18 2.19 2.20 2.21
2.22 2.23
2.24 2.25 2.26 2.27 2.28 2.29 2.30 2.31 2.32 2.33 2.34 2.35 2.36 2.37 2.38 2.39 2.40 2.41 2.42 2.43 2.44 2.45 3.1 3.2 3.3 3.4 3.5 3.6 3.7 3.8 3.9 3.10 3.11 3.12 3.13 3.14 3.15 3.16 3.17 3.18 3.19 3.20 3.21 3.22 3.23 3.24 3.25 3.26 3.27 3.28 3.29 3.30 3.31 3.32 3.33 3.34 3.35 3.36 3.37 3.38 3.39 3.40 4.1 4.2 4.3 4.4 4.5 4.6 4.7 4.8 4.9 4.10 4.11 4.12 4.13 4.14 4.15 4.16 4.17 4.18 4.19 4.20 4.21 4.22 4.23 4.24 4.25 4.26 4.27 4.28 4.29 4.30 4.31 4.32 4.33 4.34 4.35 4.36 4.37 4.38 5.1 5.2 5.3 5.4 5.5 5.6 5.7 5.8 5.9 5.10 5.11 5.12 5.13 5.14 5.15 5.16 5.17 5.18 5.19 5.20 5.21 5.22 5.23 5.24 5.25 5.26 5.27 5.28 5.29 5.30 5.31 5.32 5.33 5.34 5.35 5.36 5.37 5.38 5.39 5.40 5.41 5.42 6.1 6.2 6.3 6.4 6.5 6.6 6.7 6.8 6.9 6.10 6.11 6.12 6.13 6.14 6.15 6.16 6.17 6.18 6.19 6.20 6.21 6.22 6.23 6.24 6.25 6.26 6.27 6.28 6.29 6.30 6.31 6.32 6.33 6.34 6.35 6.36 6.37 6.38 6.39 6.40 6.41 6.42 6.43 6.44 6.45 6.46 6.47 7.1 7.2 7.3 7.4 7.5 7.6 7.7 7.8 7.9 7.10 7.11 7.12 7.13 7.14 7.15 7.16 7.17 7.18 7.19 7.20 7.21 7.22 7.23 7.24 7.25 7.26 7.27 7.28 7.29 7.30 7.31 7.32 7.33 7.34 7.35 7.36 7.37 7.38 7.39 7.40 7.41 7.42 7.43 8.1 8.2 8.3 8.4
8.5 8.6
8.7 8.8 8.9
8.10 8.11 8.12 8.13 8.14 8.15 8.16 8.17 8.18 8.19 8.20 8.21 8.22 8.23 8.24 8.25 8.26
8.27 8.28 8.29 8.30 8.31 8.32 8.33 9.1 9.2 9.3 9.4 9.5 9.6
9.7 9.8 9.9 9.10 9.11 9.12 9.13 9.14 9.15 9.16 9.17 9.18 9.19 9.20 9.21 9.22 9.23 9.24 9.25 9.26 9.27 9.28
9.29 9.30 9.31 9.32 9.33 10.1 10.2 10.3 10.4 10.5 10.6 10.7 10.8 10.9 10.10 10.11 10.12 10.13 10.14 10.15
10.16 10.17 10.18 10.19 10.20 10.21 10.22 10.23 10.24 10.25 10.26 10.27 10.28 10.29 10.30 10.31
10.32 10.33 10.34 11.1 11.2 11.3 11.4 11.5 11.6
11.7 11.8 11.9 11.10 11.11 11.12 11.13 11.14 11.15 11.16 11.17 11.18
11.19 11.20 11.21 11.22 11.23 11.24 11.25 11.26 11.27 11.28 11.29 11.30 11.31 11.32 11.33 11.34 12.1 12.2 12.3 12.4 12.5 12.6 12.7
12.8 12.9 12.10 12.11 12.12 12.13 12.14 12.15 12.16 12.17 12.18 12.19 12.20 12.21 12.22 12.23 12.24 12.25 12.26 12.27 12.28 12.29 12.30 12.31 12.32 12.33 12.34 12.35
13.1 13.2 13.3 13.4 13.5 13.6 13.7 13.8 13.9 13.10 13.11 13.12 13.13 13.14 13.15 13.16 13.17 13.18 13.19 13.20 13.21 13.22 13.23 13.24 13.25 13.26 13.27 13.28 13.29 13.30 13.31 13.32 13.33 13.34 13.35 13.36 14.1 14.2 14.3 14.4 14.5 14.6 14.7 14.8
14.9 14.10 14.11 14.12 14.13 14.14 14.15 14.16 14.17 14.18 14.19 14.20 14.21 14.22 14.23 14.24 14.25 14.26
14.27 14.28 14.29 14.30 14.31
14.32 15.1 15.2 15.3 15.4 15.5 15.6 15.7 15.8 15.9 15.10 15.11 15.12 15.13
15.14 15.15 15.16 15.17 15.18 15.19
15.20 15.21 15.22 15.23 15.24 15.25
15.26 15.27 15.28 15.29 15.30 15.31 15.32 15.33 16.1 16.2 16.3 16.4 16.5 16.6 16.7 16.8 16.9 16.10 16.11 16.12
16.13 16.14 16.15 16.16 16.17 16.18 16.19 16.20 16.21 16.22 16.23 16.24
16.25 16.26
16.27 16.28 16.29
16.30 16.31 16.32 16.33 17.1 17.2 17.3 17.4 17.5 17.6 17.7 17.8 17.9 17.10 17.11 17.12 17.13 17.14 17.15 17.16 17.17 17.18 17.19 17.20 17.21
17.22 17.23 17.24 17.25 17.26 17.27 17.28 17.29 17.30 17.31 17.32 17.33 17.34 17.35 18.1 18.2 18.3 18.4 18.5 18.6 18.7 18.8 18.9 18.10 18.11 18.12 18.13 18.14 18.15 18.16 18.17 18.18 18.19 18.20 18.21 18.22 18.23 18.24 18.25 18.26 18.27 18.28 18.29 18.30 18.31
18.32 18.33 18.34 18.35 19.1 19.2 19.3 19.4 19.5 19.6 19.7 19.8 19.9 19.10 19.11 19.12 19.13 19.14 19.15 19.16 19.17 19.18 19.19 19.20 19.21 19.22 19.23 19.24 19.25 19.26 19.27 19.28 19.29 19.30 19.31 19.32 19.33 19.34 19.35 20.1 20.2 20.3 20.4 20.5 20.6 20.7 20.8 20.9 20.10 20.11 20.12
20.13 20.14 20.15 20.16 20.17 20.18 20.19 20.20 20.21 20.22 20.23 20.24 20.25 20.26 20.27 20.28 20.29 20.30 20.31 20.32 20.33 20.34 20.35 21.1 21.2
21.3 21.4 21.5 21.6 21.7 21.8 21.9 21.10 21.11 21.12 21.13 21.14 21.15 21.16 21.17
21.18 21.19 21.20 21.21 21.22 21.23 21.24 21.25 21.26 21.27 21.28 21.29 21.30 21.31 21.32 21.33 22.1 22.2 22.3 22.4 22.5 22.6 22.7 22.8 22.9 22.10 22.11 22.12 22.13 22.14 22.15 22.16 22.17 22.18 22.19 22.20 22.21 22.22 22.23 22.24 22.25 22.26 22.27
22.28 22.29 22.30 22.31 22.32 22.33 22.34 22.35 23.1 23.2
23.3 23.4 23.5 23.6 23.7 23.8 23.9 23.10 23.11 23.12 23.13 23.14 23.15 23.16 23.17 23.18 23.19 23.20 23.21 23.22 23.23 23.24 23.25 23.26 23.27 23.28 23.29 23.30 23.31 23.32 23.33 23.34 23.35 24.1 24.2 24.3 24.4 24.5 24.6 24.7 24.8 24.9 24.10 24.11 24.12 24.13 24.14 24.15 24.16 24.17 24.18 24.19 24.20 24.21 24.22 24.23 24.24 24.25 24.26 24.27 24.28 24.29 24.30 24.31 24.32 24.33 24.34 24.35 24.36 25.1 25.2 25.3 25.4 25.5 25.6 25.7 25.8 25.9 25.10 25.11 25.12 25.13 25.14 25.15 25.16 25.17 25.18 25.19 25.20 25.21 25.22 25.23 25.24 25.25 25.26 25.27 25.28 25.29 25.30 25.31 25.32 25.33 25.34 25.35
26.1 26.2 26.3 26.4 26.5 26.6 26.7 26.8 26.9 26.10 26.11 26.12 26.13 26.14 26.15 26.16 26.17 26.18 26.19 26.20 26.21 26.22
26.23 26.24 26.25 26.26 26.27 26.28 26.29 26.30 26.31 26.32 26.33 26.34 26.35 27.1 27.2 27.3 27.4 27.5 27.6 27.7 27.8 27.9 27.10 27.11 27.12 27.13 27.14 27.15 27.16 27.17 27.18 27.19 27.20 27.21 27.22 27.23 27.24 27.25 27.26 27.27 27.28 27.29 27.30 27.31 27.32 27.33 27.34 27.35
28.1 28.2 28.3 28.4 28.5 28.6 28.7 28.8 28.9 28.10 28.11 28.12 28.13 28.14 28.15 28.16 28.17 28.18 28.19 28.20 28.21
28.22 28.23 28.24 28.25 28.26 28.27 28.28 28.29 28.30 28.31 28.32 28.33 28.34 28.35 29.1 29.2 29.3 29.4 29.5 29.6 29.7 29.8 29.9 29.10 29.11 29.12
29.13 29.14 29.15 29.16 29.17 29.18 29.19 29.20 29.21 29.22 29.23 29.24 29.25 29.26 29.27 29.28 29.29 29.30 29.31 29.32 29.33
29.34 30.1 30.2 30.3 30.4 30.5 30.6 30.7 30.8 30.9 30.10 30.11 30.12 30.13 30.14 30.15 30.16 30.17 30.18 30.19 30.20 30.21 30.22
30.23 30.24 30.25 30.26 30.27 30.28 30.29 30.30 30.31 30.32 30.33 30.34 30.35 31.1 31.2 31.3 31.4 31.5 31.6 31.7 31.8 31.9 31.10 31.11 31.12 31.13 31.14 31.15 31.16 31.17 31.18 31.19 31.20 31.21 31.22 31.23 31.24 31.25 31.26 31.27 31.28
31.29 31.30 31.31 31.32 31.33 31.34 31.35 32.1 32.2 32.3 32.4 32.5 32.6 32.7 32.8 32.9 32.10 32.11 32.12 32.13 32.14
32.15 32.16 32.17 32.18 32.19 32.20 32.21 32.22 32.23 32.24 32.25 32.26 32.27 32.28 32.29 32.30 32.31 32.32 32.33 32.34 32.35 33.1 33.2 33.3 33.4 33.5 33.6 33.7 33.8 33.9 33.10 33.11 33.12 33.13 33.14 33.15 33.16 33.17 33.18 33.19 33.20 33.21 33.22
33.23 33.24
33.25 33.26 33.27
33.28 33.29 33.30 33.31 33.32 33.33 33.34 34.1 34.2 34.3 34.4
34.5
34.6 34.7 34.8 34.9 34.10 34.11 34.12 34.13 34.14 34.15 34.16 34.17 34.18 34.19 34.20 34.21 34.22 34.23 34.24 34.25 34.26 34.27 34.28 34.29 34.30 34.31 34.32
34.33
34.34 35.1 35.2 35.3 35.4 35.5 35.6 35.7 35.8 35.9 35.10 35.11 35.12 35.13 35.14 35.15 35.16 35.17 35.18 35.19 35.20 35.21 35.22 35.23 35.24 35.25 35.26 35.27 35.28 35.29 35.30 35.31
35.32
35.33 35.34 35.35 36.1 36.2 36.3 36.4 36.5 36.6 36.7 36.8 36.9 36.10 36.11 36.12 36.13 36.14 36.15 36.16
36.17
36.18 36.19 36.20 36.21 36.22 36.23 36.24 36.25 36.26 36.27 36.28 36.29 36.30 36.31 36.32 36.33 36.34 36.35 37.1 37.2 37.3 37.4 37.5 37.6 37.7 37.8 37.9 37.10 37.11 37.12 37.13 37.14 37.15 37.16 37.17 37.18 37.19 37.20 37.21 37.22 37.23 37.24 37.25 37.26 37.27 37.28 37.29 37.30 37.31 37.32 37.33 37.34 37.35 37.36 38.1 38.2 38.3 38.4 38.5 38.6 38.7 38.8
38.9
38.10 38.11 38.12 38.13 38.14 38.15 38.16 38.17 38.18 38.19 38.20 38.21 38.22 38.23 38.24 38.25 38.26 38.27 38.28 38.29 38.30 38.31 38.32 38.33 38.34 38.35 39.1 39.2 39.3 39.4 39.5 39.6 39.7 39.8 39.9 39.10 39.11 39.12 39.13 39.14 39.15 39.16 39.17 39.18 39.19 39.20
39.21
39.22 39.23 39.24 39.25 39.26 39.27 39.28 39.29 39.30 39.31 39.32 39.33 39.34 39.35 40.1 40.2 40.3 40.4 40.5 40.6 40.7 40.8 40.9 40.10 40.11 40.12 40.13 40.14 40.15 40.16 40.17 40.18 40.19 40.20 40.21 40.22 40.23 40.24 40.25 40.26 40.27 40.28 40.29 40.30 40.31 40.32 40.33 40.34 40.35 40.36 41.1 41.2 41.3 41.4 41.5 41.6 41.7 41.8 41.9 41.10 41.11 41.12 41.13
41.14
41.15 41.16 41.17 41.18 41.19 41.20 41.21 41.22 41.23 41.24 41.25 41.26 41.27 41.28 41.29 41.30 41.31 41.32 41.33 41.34 41.35 42.1 42.2 42.3 42.4 42.5 42.6 42.7 42.8 42.9 42.10 42.11 42.12 42.13 42.14 42.15 42.16 42.17 42.18 42.19 42.20 42.21 42.22 42.23 42.24 42.25 42.26 42.27 42.28 42.29 42.30 42.31 42.32 42.33 42.34 42.35
42.36
43.1 43.2 43.3 43.4 43.5 43.6 43.7 43.8 43.9 43.10 43.11 43.12 43.13 43.14 43.15 43.16 43.17 43.18 43.19 43.20 43.21 43.22 43.23 43.24 43.25 43.26 43.27 43.28 43.29 43.30 43.31 43.32 43.33 43.34 43.35 44.1 44.2 44.3 44.4 44.5 44.6 44.7 44.8 44.9 44.10 44.11 44.12 44.13 44.14 44.15 44.16 44.17 44.18 44.19
44.20
44.21 44.22 44.23 44.24 44.25 44.26 44.27 44.28 44.29 44.30 44.31 44.32 44.33 44.34 44.35 45.1 45.2 45.3 45.4 45.5 45.6 45.7 45.8 45.9 45.10 45.11 45.12 45.13 45.14
45.15
45.16 45.17
45.18
45.19 45.20
45.21 45.22 45.23 45.24 45.25 45.26 45.27 45.28 45.29 45.30 45.31 45.32 46.1 46.2 46.3 46.4 46.5 46.6 46.7 46.8 46.9 46.10 46.11 46.12 46.13 46.14 46.15 46.16 46.17 46.18 46.19 46.20 46.21 46.22 46.23 46.24 46.25 46.26 46.27 46.28 46.29 46.30 46.31 46.32 46.33 46.34 46.35 46.36 47.1 47.2 47.3 47.4 47.5 47.6 47.7 47.8 47.9 47.10 47.11 47.12 47.13 47.14 47.15 47.16 47.17 47.18 47.19 47.20 47.21 47.22 47.23 47.24 47.25 47.26 47.27 47.28 47.29 47.30 47.31 47.32 47.33 47.34 47.35 47.36 48.1 48.2 48.3 48.4 48.5 48.6 48.7 48.8 48.9 48.10 48.11 48.12 48.13 48.14 48.15 48.16 48.17 48.18 48.19 48.20 48.21 48.22 48.23 48.24 48.25 48.26 48.27 48.28
48.29 48.30 48.31 48.32 48.33 48.34 48.35 49.1 49.2 49.3 49.4 49.5 49.6 49.7 49.8 49.9 49.10 49.11 49.12 49.13 49.14 49.15 49.16 49.17 49.18 49.19 49.20 49.21 49.22 49.23 49.24 49.25 49.26 49.27 49.28 49.29 49.30 49.31 49.32 49.33 49.34 49.35 49.36 50.1 50.2 50.3 50.4 50.5 50.6 50.7 50.8 50.9 50.10 50.11 50.12 50.13 50.14 50.15 50.16 50.17 50.18 50.19 50.20 50.21 50.22 50.23 50.24 50.25 50.26 50.27 50.28 50.29 50.30 50.31 50.32 50.33 50.34 50.35 50.36 51.1 51.2 51.3 51.4 51.5 51.6 51.7 51.8 51.9 51.10 51.11 51.12 51.13 51.14 51.15 51.16 51.17 51.18 51.19 51.20 51.21 51.22 51.23 51.24 51.25 51.26
51.27
51.28 51.29 51.30 51.31 51.32 51.33 51.34 51.35 52.1 52.2 52.3 52.4 52.5 52.6 52.7 52.8 52.9 52.10 52.11 52.12 52.13 52.14 52.15 52.16 52.17 52.18 52.19 52.20 52.21 52.22
52.23
52.24 52.25 52.26 52.27 52.28 52.29 52.30 52.31 52.32
52.33
53.1 53.2
53.3 53.4 53.5 53.6 53.7 53.8 53.9 53.10 53.11 53.12 53.13
53.14 53.15 53.16
53.17 53.18 53.19 53.20 53.21 53.22 53.23 53.24 53.25 53.26 53.27 53.28 53.29 53.30 53.31 53.32 53.33 53.34 54.1 54.2 54.3 54.4 54.5 54.6 54.7 54.8 54.9 54.10
54.11 54.12 54.13 54.14 54.15 54.16 54.17 54.18 54.19 54.20 54.21 54.22 54.23 54.24 54.25 54.26 54.27 54.28 54.29 54.30 54.31 54.32 54.33 54.34 54.35 54.36 54.37 55.1 55.2
55.3 55.4 55.5 55.6 55.7 55.8 55.9 55.10 55.11 55.12 55.13 55.14 55.15
55.16 55.17 55.18 55.19 55.20 55.21 55.22 55.23 55.24 55.25 55.26 55.27 55.28 55.29 55.30
55.31 56.1 56.2 56.3
56.4 56.5 56.6 56.7 56.8 56.9 56.10 56.11
56.12 56.13 56.14 56.15 56.16 56.17 56.18 56.19 56.20
56.21 56.22
56.23 56.24 56.25
56.26 56.27 56.28 56.29 56.30 56.31 56.32 57.1 57.2 57.3 57.4 57.5
57.6 57.7 57.8
57.9 57.10 57.11 57.12 57.13
57.14 57.15 57.16 57.17
57.18 57.19 57.20 57.21
57.22 57.23 57.24 57.25 57.26
57.27 57.28 57.29 57.30
58.1 58.2 58.3 58.4 58.5 58.6 58.7
58.8 58.9 58.10 58.11
58.12 58.13 58.14 58.15
58.16 58.17 58.18 58.19 58.20 58.21 58.22 58.23 58.24 58.25 58.26 58.27 58.28 58.29 58.30 58.31 58.32 59.1 59.2 59.3 59.4 59.5 59.6 59.7 59.8 59.9 59.10 59.11 59.12 59.13 59.14 59.15 59.16 59.17 59.18 59.19 59.20 59.21 59.22 59.23 59.24 59.25 59.26 59.27 59.28 59.29 59.30 59.31 59.32 59.33 59.34 59.35 59.36 60.1 60.2 60.3 60.4 60.5 60.6 60.7 60.8 60.9 60.10 60.11 60.12 60.13 60.14
60.15 60.16 60.17 60.18 60.19 60.20 60.21 60.22 60.23 60.24 60.25 60.26 60.27 60.28 60.29 60.30 60.31 60.32 60.33 60.34 61.1 61.2 61.3 61.4 61.5 61.6 61.7 61.8 61.9 61.10 61.11 61.12 61.13 61.14 61.15 61.16 61.17 61.18 61.19
61.20 61.21 61.22 61.23 61.24
61.25 61.26 61.27 61.28 61.29 61.30 61.31
61.32 61.33 62.1 62.2 62.3 62.4 62.5 62.6 62.7 62.8 62.9 62.10 62.11 62.12 62.13 62.14 62.15 62.16 62.17 62.18 62.19 62.20 62.21 62.22 62.23 62.24 62.25 62.26 62.27 62.28 62.29 62.30 62.31 62.32 62.33 62.34 62.35 62.36 63.1 63.2 63.3 63.4 63.5 63.6 63.7 63.8 63.9 63.10 63.11 63.12 63.13 63.14 63.15 63.16 63.17 63.18 63.19 63.20 63.21 63.22 63.23 63.24 63.25 63.26 63.27 63.28 63.29 63.30 63.31 63.32 63.33 63.34 63.35 63.36 64.1 64.2 64.3 64.4 64.5 64.6 64.7 64.8 64.9 64.10 64.11 64.12 64.13 64.14 64.15 64.16 64.17 64.18 64.19 64.20 64.21 64.22 64.23 64.24 64.25 64.26 64.27 64.28 64.29 64.30 64.31 64.32 64.33 64.34
65.1 65.2 65.3 65.4 65.5 65.6 65.7 65.8 65.9 65.10 65.11 65.12 65.13 65.14 65.15 65.16 65.17 65.18 65.19 65.20 65.21 65.22 65.23 65.24 65.25 65.26 65.27 65.28 65.29 65.30 65.31 65.32 65.33 65.34 65.35 65.36 66.1 66.2 66.3 66.4
66.5 66.6 66.7 66.8 66.9 66.10 66.11 66.12 66.13 66.14 66.15 66.16 66.17 66.18 66.19 66.20 66.21 66.22 66.23 66.24 66.25 66.26 66.27 66.28 66.29 66.30 66.31 66.32 66.33 66.34 66.35 67.1 67.2 67.3 67.4 67.5 67.6
67.7 67.8 67.9 67.10 67.11 67.12 67.13 67.14 67.15 67.16 67.17 67.18 67.19 67.20 67.21 67.22 67.23 67.24 67.25 67.26 67.27 67.28 67.29 67.30 67.31 67.32 67.33 67.34 68.1 68.2 68.3 68.4 68.5 68.6 68.7 68.8 68.9 68.10 68.11 68.12 68.13 68.14 68.15 68.16 68.17 68.18 68.19 68.20 68.21 68.22 68.23 68.24 68.25 68.26 68.27 68.28 68.29 68.30 68.31 68.32 68.33 68.34 68.35 68.36 69.1 69.2 69.3 69.4 69.5 69.6 69.7 69.8 69.9 69.10 69.11 69.12 69.13 69.14 69.15 69.16 69.17 69.18 69.19 69.20 69.21 69.22 69.23 69.24 69.25 69.26 69.27 69.28 69.29 69.30 69.31 69.32 69.33 69.34 69.35 69.36 70.1 70.2 70.3 70.4 70.5 70.6 70.7 70.8 70.9 70.10 70.11 70.12 70.13 70.14 70.15 70.16 70.17 70.18 70.19 70.20 70.21 70.22 70.23 70.24 70.25 70.26 70.27 70.28 70.29 70.30 70.31 70.32 70.33 70.34 70.35 70.36 71.1 71.2 71.3 71.4 71.5
71.6 71.7 71.8 71.9 71.10 71.11 71.12 71.13 71.14 71.15 71.16 71.17 71.18 71.19 71.20 71.21 71.22 71.23 71.24 71.25 71.26 71.27 71.28 71.29 71.30 71.31 71.32 71.33 71.34 71.35 71.36 71.37 72.1 72.2 72.3 72.4 72.5 72.6 72.7 72.8 72.9 72.10 72.11 72.12 72.13 72.14 72.15 72.16 72.17 72.18 72.19 72.20 72.21 72.22 72.23 72.24 72.25 72.26 72.27 72.28 72.29 72.30 72.31 72.32 72.33 72.34 72.35 72.36 72.37
73.1 73.2 73.3 73.4 73.5 73.6 73.7 73.8 73.9 73.10 73.11
73.12 73.13 73.14 73.15 73.16 73.17 73.18 73.19 73.20 73.21 73.22 73.23 73.24 73.25 73.26 73.27 73.28 73.29 73.30 73.31 73.32 73.33 73.34 73.35 73.36 73.37 74.1 74.2 74.3 74.4 74.5 74.6 74.7 74.8 74.9 74.10 74.11 74.12 74.13 74.14 74.15 74.16 74.17 74.18 74.19 74.20 74.21 74.22 74.23
74.24 74.25 74.26 74.27 74.28
74.29 74.30 74.31 74.32 74.33 75.1 75.2 75.3 75.4 75.5 75.6 75.7 75.8 75.9 75.10 75.11 75.12 75.13 75.14
75.15 75.16 75.17 75.18 75.19
75.20 75.21 75.22 75.23 75.24 75.25
75.26 75.27 75.28 75.29 75.30 75.31 75.32 75.33 76.1 76.2 76.3 76.4 76.5 76.6 76.7 76.8 76.9 76.10 76.11 76.12 76.13 76.14 76.15 76.16 76.17 76.18 76.19 76.20 76.21 76.22 76.23 76.24 76.25 76.26 76.27
76.28 76.29 76.30 76.31 76.32 76.33 76.34 77.1 77.2 77.3 77.4 77.5 77.6 77.7 77.8 77.9 77.10 77.11 77.12
77.13 77.14 77.15 77.16 77.17 77.18 77.19 77.20 77.21 77.22 77.23 77.24
77.25 77.26 77.27 77.28 77.29 77.30 77.31 77.32 77.33 77.34 78.1 78.2 78.3
78.4 78.5 78.6 78.7
78.8 78.9 78.10 78.11 78.12 78.13 78.14 78.15 78.16 78.17 78.18 78.19 78.20 78.21 78.22 78.23 78.24 78.25 78.26 78.27 78.28 78.29 78.30 78.31 78.32 78.33 78.34 78.35 78.36 78.37 79.1 79.2 79.3 79.4 79.5 79.6 79.7 79.8 79.9 79.10 79.11 79.12 79.13 79.14 79.15 79.16 79.17 79.18 79.19 79.20 79.21 79.22 79.23 79.24 79.25 79.26 79.27 79.28 79.29 79.30 79.31 79.32 79.33 79.34 79.35 79.36 79.37 80.1 80.2 80.3 80.4 80.5 80.6 80.7 80.8 80.9 80.10 80.11 80.12 80.13 80.14 80.15 80.16 80.17 80.18 80.19 80.20 80.21 80.22 80.23 80.24 80.25 80.26 80.27 80.28 80.29 80.30 80.31 80.32 80.33 80.34 80.35 80.36 80.37 80.38 80.39 80.40 80.41 80.42 81.1 81.2 81.3 81.4 81.5 81.6 81.7 81.8 81.9 81.10 81.11 81.12 81.13 81.14 81.15 81.16 81.17 81.18 81.19 81.20 81.21 81.22 81.23 81.24 81.25 81.26 81.27 81.28 81.29 81.30 81.31 81.32 81.33 81.34 81.35 81.36 81.37 81.38 81.39 81.40 81.41 81.42 81.43 82.1 82.2 82.3 82.4 82.5 82.6 82.7 82.8 82.9 82.10 82.11 82.12 82.13 82.14 82.15 82.16 82.17 82.18 82.19 82.20 82.21 82.22 82.23 82.24 82.25 82.26 82.27 82.28 82.29 82.30 82.31 82.32 82.33 82.34 82.35 82.36 82.37 82.38 82.39 82.40 83.1 83.2 83.3 83.4
83.5
83.6 83.7
83.8 83.9 83.10
83.11 83.12 83.13 83.14 83.15 83.16 83.17 83.18 83.19 83.20 83.21 83.22 83.23 83.24 83.25 83.26 83.27 83.28 83.29 83.30 83.31 83.32 83.33 84.1 84.2 84.3 84.4 84.5 84.6 84.7 84.8 84.9 84.10 84.11 84.12 84.13 84.14 84.15 84.16 84.17
84.18 84.19
84.20 84.21 84.22 84.23 84.24 84.25 84.26 84.27 84.28 84.29 84.30 84.31 84.32 84.33 84.34 85.1 85.2 85.3 85.4 85.5 85.6 85.7 85.8 85.9 85.10 85.11 85.12 85.13 85.14 85.15 85.16 85.17 85.18 85.19 85.20
85.21
85.22 85.23 85.24 85.25 85.26 85.27
85.28
85.29 85.30 85.31 85.32 85.33 86.1 86.2
86.3
86.4 86.5 86.6 86.7 86.8 86.9 86.10 86.11 86.12 86.13 86.14 86.15 86.16 86.17 86.18 86.19 86.20 86.21 86.22 86.23 86.24 86.25 86.26 86.27 86.28 86.29 86.30 86.31 86.32 86.33 86.34 86.35 87.1 87.2 87.3 87.4 87.5 87.6 87.7 87.8 87.9 87.10 87.11 87.12 87.13
87.14
87.15 87.16 87.17 87.18 87.19 87.20 87.21 87.22 87.23 87.24 87.25 87.26 87.27 87.28 87.29 87.30 87.31 87.32 87.33 87.34 87.35 88.1 88.2 88.3 88.4 88.5 88.6 88.7 88.8 88.9 88.10 88.11 88.12 88.13 88.14 88.15 88.16 88.17 88.18 88.19 88.20 88.21 88.22 88.23 88.24 88.25 88.26 88.27 88.28 88.29 88.30 88.31 88.32 88.33 88.34 88.35 88.36 88.37 88.38 88.39 88.40 88.41 88.42 88.43 89.1 89.2 89.3 89.4 89.5 89.6 89.7 89.8 89.9 89.10 89.11 89.12 89.13 89.14 89.15 89.16 89.17 89.18 89.19 89.20 89.21 89.22 89.23 89.24 89.25 89.26 89.27 89.28 89.29 89.30 89.31 89.32 89.33 89.34 89.35 89.36 89.37 89.38 89.39 89.40 89.41 89.42 89.43 90.1 90.2 90.3 90.4 90.5 90.6 90.7 90.8 90.9 90.10 90.11 90.12 90.13 90.14 90.15 90.16 90.17 90.18 90.19 90.20 90.21 90.22 90.23 90.24 90.25 90.26 90.27 90.28 90.29 90.30 90.31 90.32 90.33 90.34 90.35 90.36 90.37 90.38 90.39 90.40 90.41 90.42 91.1 91.2 91.3 91.4 91.5 91.6 91.7 91.8 91.9 91.10 91.11 91.12 91.13 91.14 91.15 91.16 91.17 91.18 91.19 91.20 91.21 91.22 91.23 91.24 91.25 91.26 91.27 91.28 91.29 91.30 91.31 91.32 91.33 91.34 91.35 91.36 91.37 91.38 91.39 91.40 91.41 91.42 91.43 92.1 92.2 92.3 92.4 92.5 92.6 92.7 92.8 92.9 92.10 92.11 92.12 92.13 92.14 92.15 92.16 92.17 92.18 92.19 92.20 92.21 92.22 92.23 92.24 92.25 92.26 92.27 92.28 92.29 92.30 92.31 92.32 92.33 92.34 92.35 92.36 92.37 92.38 92.39 92.40 92.41 92.42 92.43 93.1 93.2 93.3 93.4 93.5 93.6 93.7 93.8 93.9 93.10 93.11 93.12 93.13 93.14 93.15 93.16 93.17 93.18 93.19 93.20 93.21 93.22 93.23 93.24 93.25 93.26 93.27 93.28 93.29 93.30 93.31 93.32 93.33 93.34 93.35 93.36 93.37 93.38 93.39 93.40 93.41 94.1 94.2 94.3 94.4 94.5 94.6 94.7 94.8 94.9 94.10 94.11 94.12 94.13 94.14 94.15
94.16
94.17 94.18 94.19 94.20 94.21 94.22 94.23 94.24 94.25 94.26 94.27 94.28 94.29 94.30 94.31 94.32 94.33 94.34 94.35 95.1 95.2 95.3 95.4 95.5 95.6 95.7 95.8 95.9 95.10 95.11 95.12 95.13 95.14 95.15 95.16 95.17
95.18
95.19 95.20 95.21 95.22 95.23 95.24 95.25 95.26 95.27 95.28 95.29 95.30
95.31
95.32 96.1 96.2 96.3 96.4 96.5 96.6 96.7 96.8 96.9 96.10 96.11 96.12 96.13 96.14
96.15
96.16 96.17 96.18 96.19 96.20 96.21 96.22 96.23 96.24 96.25 96.26 96.27 96.28 96.29 96.30 96.31 96.32 96.33 96.34 96.35 97.1 97.2 97.3 97.4 97.5 97.6 97.7 97.8 97.9 97.10 97.11 97.12
97.13
97.14 97.15 97.16 97.17 97.18 97.19 97.20 97.21 97.22 97.23 97.24 97.25 97.26 97.27 97.28 97.29 97.30 97.31 97.32 97.33 97.34 97.35 98.1 98.2 98.3 98.4 98.5 98.6 98.7 98.8 98.9 98.10 98.11 98.12 98.13 98.14 98.15 98.16 98.17 98.18 98.19 98.20 98.21 98.22 98.23 98.24 98.25 98.26 98.27 98.28 98.29 98.30 98.31 98.32 98.33 98.34 98.35 98.36 99.1 99.2 99.3 99.4 99.5 99.6
99.7
99.8 99.9 99.10 99.11 99.12 99.13 99.14 99.15 99.16 99.17 99.18 99.19 99.20 99.21 99.22 99.23 99.24 99.25 99.26 99.27 99.28 99.29 99.30 99.31 99.32 99.33 99.34 99.35 100.1 100.2 100.3 100.4 100.5 100.6 100.7
100.8 100.9 100.10 100.11 100.12 100.13 100.14 100.15 100.16 100.17 100.18 100.19 100.20 100.21 100.22 100.23 100.24 100.25 100.26 100.27 100.28 100.29 100.30 100.31 100.32 100.33 100.34 101.1 101.2 101.3 101.4 101.5 101.6 101.7 101.8 101.9 101.10 101.11 101.12 101.13 101.14 101.15 101.16 101.17 101.18 101.19
101.20 101.21 101.22 101.23 101.24 101.25 101.26 101.27 101.28 101.29 101.30 101.31 101.32 101.33 101.34 101.35 102.1 102.2 102.3 102.4 102.5 102.6 102.7 102.8 102.9 102.10 102.11 102.12 102.13 102.14 102.15 102.16
102.17
102.18 102.19 102.20
102.21 102.22 102.23 102.24 102.25 102.26 102.27 102.28 102.29 102.30 102.31 102.32 102.33 103.1 103.2 103.3 103.4 103.5 103.6 103.7 103.8 103.9 103.10 103.11 103.12 103.13 103.14 103.15 103.16 103.17 103.18
103.19 103.20 103.21
103.22 103.23 103.24 103.25 103.26 103.27 103.28 103.29 103.30 103.31 103.32 103.33 103.34 104.1 104.2 104.3 104.4 104.5 104.6 104.7 104.8 104.9 104.10 104.11 104.12 104.13 104.14 104.15 104.16 104.17 104.18 104.19 104.20 104.21 104.22 104.23 104.24 104.25 104.26 104.27 104.28 104.29 104.30 104.31 104.32 104.33 104.34 104.35 105.1 105.2 105.3 105.4 105.5 105.6 105.7 105.8 105.9 105.10 105.11 105.12 105.13 105.14 105.15
105.16 105.17 105.18 105.19
105.20 105.21
105.22 105.23 105.24 105.25 105.26 105.27 105.28 105.29 105.30 105.31 105.32 105.33 106.1 106.2 106.3 106.4 106.5 106.6 106.7 106.8 106.9 106.10 106.11 106.12 106.13 106.14 106.15 106.16 106.17 106.18 106.19 106.20 106.21 106.22 106.23 106.24 106.25 106.26 106.27 106.28 106.29 106.30 106.31 106.32 106.33 106.34 106.35 106.36 107.1 107.2 107.3 107.4 107.5 107.6 107.7 107.8 107.9 107.10 107.11
107.12
107.13 107.14 107.15 107.16 107.17 107.18 107.19 107.20 107.21 107.22 107.23 107.24 107.25 107.26 107.27 107.28 107.29 107.30 107.31 107.32 107.33 107.34 107.35 108.1 108.2 108.3 108.4 108.5 108.6 108.7 108.8 108.9 108.10 108.11 108.12 108.13 108.14 108.15 108.16 108.17 108.18 108.19 108.20 108.21 108.22 108.23 108.24 108.25 108.26 108.27 108.28 108.29 108.30 108.31 108.32 108.33 108.34 108.35 109.1 109.2 109.3 109.4 109.5 109.6 109.7 109.8 109.9
109.10 109.11
109.12 109.13 109.14 109.15 109.16 109.17 109.18 109.19 109.20 109.21 109.22 109.23 109.24 109.25 109.26 109.27 109.28 109.29 109.30 109.31 109.32 109.33 109.34 109.35 110.1 110.2 110.3 110.4 110.5 110.6 110.7 110.8 110.9 110.10 110.11 110.12 110.13 110.14 110.15 110.16 110.17 110.18 110.19 110.20 110.21 110.22 110.23 110.24 110.25 110.26 110.27 110.28 110.29 110.30
110.31
110.32 110.33 110.34 111.1 111.2 111.3 111.4 111.5 111.6 111.7 111.8 111.9 111.10 111.11 111.12 111.13 111.14 111.15 111.16 111.17 111.18 111.19 111.20 111.21 111.22 111.23 111.24 111.25 111.26 111.27 111.28 111.29 111.30 111.31 111.32 111.33 111.34 111.35 111.36 112.1 112.2 112.3 112.4 112.5 112.6 112.7 112.8 112.9 112.10 112.11 112.12 112.13 112.14 112.15 112.16 112.17 112.18 112.19 112.20 112.21 112.22 112.23 112.24 112.25 112.26 112.27 112.28 112.29 112.30 112.31 112.32 112.33 112.34 112.35 113.1 113.2 113.3 113.4 113.5 113.6 113.7 113.8 113.9 113.10 113.11 113.12 113.13 113.14 113.15 113.16 113.17 113.18 113.19 113.20 113.21 113.22 113.23 113.24 113.25 113.26 113.27 113.28 113.29 113.30 113.31 113.32 113.33 113.34 113.35 113.36 114.1 114.2 114.3 114.4 114.5 114.6 114.7 114.8 114.9 114.10 114.11 114.12 114.13 114.14 114.15 114.16 114.17 114.18 114.19 114.20 114.21 114.22
114.23
114.24 114.25 114.26 114.27 114.28 114.29 114.30 114.31 114.32 114.33
114.34
115.1 115.2 115.3 115.4 115.5 115.6 115.7 115.8 115.9 115.10 115.11 115.12 115.13 115.14 115.15 115.16 115.17 115.18 115.19 115.20 115.21 115.22 115.23 115.24 115.25 115.26 115.27 115.28 115.29 115.30 115.31 115.32 115.33 115.34 115.35 115.36
116.1
116.2 116.3 116.4 116.5 116.6 116.7 116.8 116.9 116.10 116.11 116.12 116.13 116.14 116.15 116.16 116.17 116.18 116.19 116.20 116.21 116.22 116.23 116.24 116.25 116.26 116.27 116.28 116.29 116.30 116.31 116.32 116.33 116.34 116.35 117.1 117.2 117.3 117.4 117.5 117.6 117.7 117.8 117.9 117.10
117.11
117.12 117.13 117.14 117.15 117.16 117.17 117.18 117.19 117.20 117.21 117.22 117.23 117.24 117.25 117.26 117.27 117.28 117.29 117.30 117.31 117.32 117.33 117.34 117.35 118.1 118.2 118.3 118.4 118.5 118.6 118.7 118.8 118.9 118.10 118.11 118.12 118.13 118.14 118.15 118.16 118.17 118.18
118.19
118.20 118.21
118.22 118.23 118.24 118.25 118.26 118.27 118.28 118.29 118.30 118.31 118.32 118.33 118.34 119.1 119.2 119.3 119.4 119.5 119.6 119.7 119.8 119.9 119.10 119.11 119.12 119.13 119.14 119.15 119.16
119.17
119.18 119.19 119.20 119.21 119.22 119.23 119.24 119.25 119.26 119.27 119.28 119.29 119.30
119.31
119.32 119.33 120.1 120.2 120.3 120.4 120.5 120.6 120.7 120.8 120.9 120.10 120.11 120.12 120.13 120.14 120.15 120.16 120.17 120.18 120.19 120.20
120.21
120.22 120.23 120.24 120.25 120.26 120.27 120.28 120.29 120.30 120.31 120.32 120.33 120.34 120.35 121.1 121.2 121.3 121.4 121.5 121.6 121.7 121.8 121.9 121.10 121.11 121.12 121.13 121.14 121.15 121.16 121.17 121.18 121.19 121.20 121.21 121.22 121.23 121.24 121.25 121.26 121.27 121.28 121.29 121.30 121.31 121.32 121.33 121.34 121.35 122.1 122.2 122.3 122.4 122.5 122.6 122.7 122.8 122.9 122.10 122.11 122.12 122.13 122.14 122.15 122.16 122.17 122.18 122.19 122.20 122.21 122.22 122.23 122.24 122.25 122.26 122.27 122.28 122.29 122.30 122.31 122.32 122.33 122.34 122.35 123.1 123.2 123.3 123.4 123.5 123.6 123.7 123.8 123.9 123.10 123.11 123.12 123.13 123.14 123.15 123.16
123.17
123.18 123.19 123.20 123.21 123.22 123.23 123.24 123.25 123.26 123.27 123.28 123.29 123.30 123.31 123.32 123.33 124.1 124.2 124.3
124.4
124.5 124.6 124.7 124.8 124.9 124.10 124.11 124.12 124.13 124.14 124.15 124.16 124.17 124.18 124.19 124.20 124.21 124.22 124.23 124.24 124.25 124.26 124.27 124.28 124.29 124.30 124.31 124.32 124.33 124.34 124.35 125.1 125.2 125.3 125.4 125.5 125.6 125.7 125.8 125.9 125.10 125.11 125.12 125.13 125.14 125.15 125.16 125.17 125.18 125.19 125.20 125.21 125.22 125.23 125.24 125.25 125.26 125.27 125.28 125.29 125.30 125.31 125.32 125.33 125.34 125.35 125.36 126.1 126.2 126.3 126.4 126.5 126.6 126.7 126.8 126.9 126.10 126.11 126.12 126.13 126.14 126.15 126.16 126.17 126.18 126.19 126.20 126.21 126.22 126.23 126.24 126.25 126.26 126.27 126.28 126.29 126.30 126.31 126.32 126.33 126.34 126.35 127.1 127.2 127.3
127.4
127.5 127.6 127.7 127.8 127.9 127.10 127.11 127.12 127.13 127.14 127.15 127.16 127.17 127.18 127.19 127.20 127.21 127.22 127.23 127.24 127.25 127.26
127.27
127.28 127.29 127.30 127.31 127.32
127.33
128.1 128.2 128.3 128.4 128.5
128.6
128.7 128.8 128.9 128.10 128.11 128.12 128.13 128.14 128.15 128.16 128.17 128.18 128.19 128.20 128.21 128.22 128.23 128.24 128.25 128.26 128.27 128.28 128.29 128.30 128.31 128.32 128.33 129.1 129.2 129.3 129.4 129.5 129.6 129.7 129.8 129.9 129.10 129.11 129.12 129.13 129.14 129.15 129.16 129.17 129.18 129.19 129.20 129.21
129.22
129.23 129.24 129.25 129.26 129.27 129.28 129.29 129.30 129.31 129.32 129.33 129.34 130.1 130.2 130.3 130.4 130.5 130.6 130.7 130.8 130.9 130.10 130.11 130.12 130.13 130.14 130.15 130.16 130.17 130.18 130.19 130.20 130.21 130.22 130.23 130.24 130.25 130.26 130.27 130.28 130.29 130.30 130.31 130.32 130.33 130.34 130.35 131.1 131.2 131.3 131.4
131.5
131.6 131.7 131.8 131.9 131.10 131.11 131.12 131.13
131.14
131.15 131.16 131.17 131.18 131.19 131.20 131.21 131.22 131.23
131.24
131.25 131.26 131.27 131.28 131.29 131.30 131.31 131.32 132.1 132.2 132.3 132.4 132.5 132.6 132.7 132.8 132.9 132.10 132.11
132.12
132.13 132.14 132.15 132.16 132.17 132.18 132.19 132.20 132.21 132.22 132.23 132.24 132.25 132.26 132.27 132.28 132.29 132.30
132.31
132.32 133.1 133.2 133.3 133.4 133.5 133.6 133.7
133.8
133.9 133.10 133.11 133.12 133.13 133.14 133.15
133.16
133.17 133.18 133.19 133.20 133.21 133.22 133.23 133.24 133.25 133.26 133.27 133.28 133.29 133.30 133.31 133.32 134.1 134.2
134.3
134.4 134.5 134.6 134.7 134.8 134.9 134.10 134.11 134.12 134.13 134.14 134.15 134.16 134.17 134.18 134.19 134.20 134.21 134.22 134.23 134.24 134.25 134.26 134.27 134.28 134.29 134.30 134.31 134.32 134.33 134.34 134.35
135.1
135.2 135.3 135.4 135.5 135.6 135.7 135.8 135.9 135.10 135.11 135.12 135.13 135.14 135.15 135.16 135.17 135.18 135.19 135.20 135.21 135.22 135.23 135.24 135.25 135.26 135.27 135.28 135.29 135.30 135.31 135.32 135.33 135.34 135.35
136.1
136.2 136.3 136.4 136.5 136.6 136.7 136.8 136.9 136.10 136.11 136.12 136.13 136.14 136.15 136.16 136.17 136.18 136.19 136.20 136.21 136.22 136.23 136.24 136.25
136.26
136.27 136.28 136.29 136.30 136.31 136.32 136.33 137.1 137.2 137.3 137.4 137.5 137.6 137.7 137.8 137.9 137.10 137.11 137.12 137.13 137.14 137.15
137.16
137.17 137.18 137.19 137.20 137.21 137.22 137.23 137.24 137.25 137.26 137.27 137.28 137.29 137.30 137.31 137.32 137.33 137.34 137.35 138.1 138.2 138.3 138.4 138.5 138.6 138.7 138.8 138.9 138.10 138.11 138.12 138.13 138.14 138.15 138.16 138.17 138.18 138.19
138.20
138.21 138.22 138.23 138.24 138.25 138.26 138.27 138.28 138.29 138.30 138.31 138.32 138.33 138.34
139.1
139.2 139.3 139.4 139.5 139.6 139.7 139.8 139.9 139.10 139.11 139.12 139.13 139.14 139.15 139.16 139.17 139.18 139.19 139.20 139.21 139.22 139.23
139.24 139.25
139.26 139.27 139.28 139.29 139.30 139.31 139.32 139.33 140.1 140.2
140.3
140.4 140.5 140.6 140.7 140.8 140.9 140.10 140.11 140.12
140.13
140.14 140.15 140.16 140.17 140.18 140.19
140.20
140.21 140.22 140.23 140.24 140.25
140.26
140.27 140.28 140.29 141.1 141.2 141.3 141.4 141.5 141.6 141.7 141.8 141.9 141.10 141.11
141.12
141.13 141.14 141.15 141.16 141.17
141.18
141.19 141.20 141.21 141.22 141.23 141.24
141.25
141.26 141.27 141.28 141.29
141.30
142.1 142.2 142.3 142.4 142.5 142.6 142.7 142.8 142.9 142.10 142.11 142.12 142.13 142.14 142.15 142.16 142.17 142.18 142.19 142.20 142.21 142.22 142.23 142.24 142.25 142.26 142.27 142.28 142.29 142.30 142.31 142.32 142.33 142.34 142.35 142.36 143.1 143.2 143.3 143.4 143.5 143.6 143.7 143.8 143.9 143.10 143.11 143.12 143.13 143.14 143.15 143.16 143.17 143.18 143.19 143.20 143.21 143.22 143.23 143.24 143.25 143.26 143.27 143.28 143.29 143.30 143.31 143.32
143.33
144.1 144.2 144.3 144.4 144.5 144.6 144.7 144.8 144.9 144.10 144.11 144.12 144.13 144.14 144.15 144.16 144.17 144.18 144.19 144.20 144.21 144.22 144.23 144.24 144.25 144.26 144.27 144.28 144.29 144.30 144.31 144.32 144.33 144.34 144.35 144.36
145.1 145.2 145.3
145.4 145.5 145.6 145.7 145.8 145.9 145.10 145.11 145.12 145.13 145.14 145.15 145.16 145.17 145.18 145.19 145.20 145.21 145.22 145.23 145.24 145.25 145.26 145.27 145.28 145.29 145.30 145.31 145.32 145.33 145.34 145.35
146.1
146.2 146.3 146.4 146.5 146.6 146.7 146.8 146.9 146.10 146.11 146.12 146.13 146.14 146.15 146.16 146.17 146.18 146.19 146.20 146.21 146.22 146.23 146.24 146.25 146.26 146.27 146.28 146.29 146.30 146.31 146.32 146.33 146.34 147.1 147.2
147.3
147.4 147.5 147.6 147.7 147.8 147.9 147.10 147.11 147.12 147.13 147.14 147.15 147.16 147.17 147.18 147.19
147.20
147.21 147.22 147.23 147.24 147.25 147.26 147.27 147.28 147.29 147.30 147.31 147.32 148.1 148.2 148.3 148.4 148.5 148.6 148.7 148.8 148.9 148.10 148.11 148.12 148.13 148.14 148.15 148.16 148.17 148.18 148.19 148.20 148.21 148.22 148.23 148.24 148.25 148.26
148.27
148.28 148.29 148.30 148.31 148.32 148.33 148.34 148.35 149.1 149.2 149.3 149.4
149.5
149.6 149.7 149.8 149.9 149.10 149.11 149.12 149.13 149.14 149.15 149.16 149.17 149.18 149.19 149.20
149.21
149.22 149.23 149.24
149.25
149.26 149.27
149.28 149.29 150.1 150.2 150.3 150.4 150.5 150.6 150.7 150.8 150.9 150.10 150.11 150.12 150.13 150.14 150.15 150.16 150.17 150.18 150.19 150.20 150.21 150.22 150.23 150.24 150.25 150.26 150.27 150.28 150.29 150.30 150.31 150.32 150.33 150.34 150.35 151.1 151.2 151.3 151.4 151.5 151.6 151.7 151.8 151.9 151.10 151.11 151.12 151.13 151.14
151.15 151.16 151.17 151.18 151.19
151.20 151.21 151.22 151.23 151.24 151.25 151.26 151.27 151.28
151.29 151.30 151.31 151.32 151.33 152.1 152.2 152.3 152.4 152.5 152.6 152.7
152.8 152.9 152.10 152.11 152.12 152.13 152.14
152.15 152.16 152.17 152.18 152.19 152.20
152.21 152.22 152.23 152.24 152.25 152.26 152.27 152.28 152.29 152.30 152.31 152.32
153.1 153.2 153.3 153.4 153.5 153.6 153.7 153.8 153.9
153.10 153.11 153.12 153.13 153.14 153.15 153.16 153.17 153.18 153.19 153.20 153.21 153.22 153.23 153.24 153.25 153.26 153.27 153.28 153.29
153.30 153.31 153.32 153.33 154.1 154.2
154.3 154.4 154.5 154.6 154.7 154.8 154.9 154.10 154.11
154.12 154.13 154.14 154.15 154.16 154.17 154.18 154.19 154.20 154.21 154.22 154.23 154.24 154.25 154.26 154.27 154.28 154.29 154.30 154.31 154.32
155.1 155.2 155.3 155.4 155.5 155.6 155.7 155.8
155.9 155.10 155.11 155.12 155.13 155.14 155.15 155.16 155.17 155.18
155.19 155.20 155.21 155.22 155.23 155.24 155.25 155.26 155.27 155.28 155.29 155.30 155.31 155.32 155.33 155.34 156.1 156.2 156.3 156.4 156.5 156.6 156.7 156.8 156.9 156.10 156.11 156.12 156.13 156.14 156.15 156.16 156.17 156.18 156.19 156.20 156.21 156.22 156.23 156.24 156.25 156.26 156.27 156.28 156.29 156.30 156.31 156.32 156.33 156.34 156.35 156.36 157.1 157.2 157.3 157.4 157.5 157.6 157.7 157.8 157.9 157.10 157.11 157.12 157.13 157.14 157.15 157.16 157.17 157.18 157.19 157.20 157.21 157.22 157.23 157.24 157.25 157.26 157.27 157.28 157.29 157.30 157.31 157.32 157.33 157.34 157.35 157.36 158.1 158.2 158.3 158.4 158.5 158.6 158.7 158.8 158.9 158.10 158.11 158.12 158.13 158.14 158.15 158.16 158.17 158.18 158.19 158.20 158.21 158.22 158.23 158.24 158.25 158.26 158.27 158.28 158.29 158.30 158.31 158.32 158.33 158.34 158.35 159.1 159.2 159.3 159.4 159.5
159.6 159.7 159.8 159.9 159.10 159.11 159.12 159.13 159.14 159.15 159.16 159.17 159.18 159.19 159.20 159.21 159.22 159.23 159.24 159.25 159.26 159.27 159.28 159.29 159.30 159.31 159.32 159.33 159.34 159.35 160.1 160.2 160.3 160.4 160.5 160.6 160.7 160.8 160.9 160.10 160.11 160.12 160.13 160.14 160.15 160.16 160.17 160.18 160.19
160.20 160.21 160.22 160.23 160.24 160.25 160.26 160.27 160.28 160.29 160.30 160.31 160.32 160.33 160.34 160.35 161.1 161.2 161.3 161.4 161.5 161.6 161.7 161.8 161.9 161.10 161.11 161.12 161.13 161.14 161.15 161.16 161.17 161.18 161.19 161.20 161.21 161.22 161.23 161.24 161.25 161.26 161.27 161.28 161.29 161.30 161.31 161.32 161.33 161.34 161.35 161.36 162.1 162.2 162.3 162.4 162.5 162.6 162.7 162.8 162.9 162.10 162.11 162.12 162.13 162.14 162.15 162.16 162.17 162.18 162.19 162.20 162.21 162.22 162.23 162.24 162.25 162.26 162.27 162.28 162.29 162.30 162.31 162.32 162.33 162.34 162.35 163.1 163.2 163.3 163.4 163.5 163.6 163.7 163.8 163.9 163.10 163.11 163.12 163.13 163.14 163.15
163.16 163.17 163.18 163.19 163.20
163.21 163.22 163.23 163.24 163.25
163.26 163.27 163.28 163.29 163.30 163.31 163.32 164.1 164.2
164.3 164.4 164.5 164.6 164.7 164.8 164.9 164.10 164.11 164.12 164.13 164.14 164.15 164.16
164.17 164.18 164.19 164.20 164.21 164.22 164.23 164.24 164.25 164.26 164.27 164.28 164.29 164.30 164.31 164.32
164.33 165.1 165.2 165.3 165.4 165.5 165.6 165.7 165.8 165.9 165.10 165.11 165.12 165.13
165.14 165.15 165.16 165.17 165.18 165.19 165.20 165.21 165.22 165.23 165.24 165.25 165.26 165.27 165.28 165.29 165.30 165.31 165.32 165.33 165.34 165.35
166.1 166.2 166.3 166.4 166.5 166.6 166.7 166.8 166.9 166.10 166.11 166.12 166.13 166.14 166.15 166.16 166.17 166.18 166.19 166.20 166.21 166.22 166.23 166.24 166.25 166.26 166.27 166.28 166.29 166.30
166.31 166.32 166.33 166.34 166.35
167.1 167.2 167.3 167.4 167.5 167.6 167.7 167.8 167.9 167.10 167.11 167.12 167.13 167.14 167.15 167.16 167.17 167.18 167.19 167.20 167.21 167.22 167.23 167.24 167.25 167.26 167.27 167.28 167.29 167.30 167.31 167.32 167.33 167.34 167.35 167.36 168.1 168.2 168.3 168.4 168.5 168.6 168.7 168.8 168.9 168.10 168.11 168.12 168.13 168.14 168.15 168.16 168.17 168.18 168.19
168.20 168.21 168.22 168.23 168.24 168.25 168.26 168.27 168.28 168.29 168.30 168.31 168.32 168.33 168.34 169.1 169.2 169.3 169.4
169.5 169.6 169.7 169.8 169.9 169.10 169.11 169.12 169.13 169.14 169.15 169.16 169.17 169.18 169.19
169.20 169.21 169.22 169.23 169.24 169.25 169.26
169.27 169.28 169.29 169.30 169.31 169.32 169.33 170.1 170.2 170.3 170.4 170.5
170.6 170.7 170.8 170.9 170.10 170.11 170.12 170.13 170.14
170.15 170.16 170.17 170.18 170.19 170.20
170.21 170.22 170.23 170.24 170.25 170.26 170.27 170.28 170.29 170.30 170.31 170.32 171.1 171.2
171.3 171.4 171.5 171.6 171.7 171.8 171.9 171.10 171.11 171.12 171.13 171.14 171.15 171.16 171.17 171.18 171.19 171.20 171.21 171.22 171.23 171.24 171.25 171.26 171.27 171.28 171.29 171.30 171.31 171.32 171.33 171.34 171.35
172.1 172.2 172.3 172.4 172.5 172.6
172.7 172.8 172.9 172.10 172.11 172.12 172.13 172.14 172.15 172.16 172.17 172.18 172.19 172.20 172.21 172.22 172.23 172.24 172.25 172.26 172.27 172.28 172.29 172.30 172.31 172.32 172.33 172.34 173.1 173.2 173.3 173.4 173.5 173.6 173.7 173.8 173.9 173.10 173.11 173.12 173.13 173.14 173.15 173.16 173.17 173.18 173.19 173.20 173.21
173.22 173.23 173.24 173.25 173.26 173.27 173.28
173.29 173.30 173.31 173.32 173.33 173.34 174.1 174.2 174.3 174.4 174.5 174.6 174.7
174.8 174.9 174.10 174.11 174.12
174.13 174.14 174.15 174.16 174.17 174.18 174.19 174.20 174.21 174.22 174.23 174.24 174.25 174.26 174.27 174.28 174.29 174.30 174.31 174.32 174.33 174.34 175.1 175.2 175.3 175.4
175.5 175.6 175.7 175.8 175.9 175.10 175.11 175.12 175.13 175.14 175.15 175.16 175.17 175.18 175.19 175.20 175.21
175.22 175.23 175.24 175.25 175.26 175.27 175.28 175.29 175.30 175.31 175.32 175.33 175.34 176.1 176.2 176.3 176.4 176.5 176.6 176.7 176.8 176.9 176.10 176.11 176.12 176.13 176.14 176.15 176.16 176.17 176.18 176.19
176.20 176.21 176.22 176.23 176.24 176.25 176.26 176.27 176.28 176.29 176.30 176.31 176.32 176.33 176.34 176.35 176.36 176.37 177.1 177.2 177.3 177.4 177.5 177.6 177.7 177.8 177.9 177.10 177.11 177.12 177.13 177.14 177.15 177.16 177.17 177.18 177.19 177.20 177.21 177.22 177.23 177.24 177.25 177.26 177.27 177.28 177.29 177.30 177.31 177.32 177.33 177.34 177.35 178.1 178.2 178.3 178.4 178.5 178.6 178.7 178.8 178.9 178.10
178.11 178.12 178.13 178.14 178.15 178.16 178.17 178.18 178.19 178.20 178.21 178.22 178.23 178.24 178.25 178.26 178.27 178.28 178.29
178.30 178.31 178.32 178.33 178.34 179.1 179.2
179.3 179.4 179.5 179.6 179.7 179.8 179.9 179.10 179.11 179.12
179.13 179.14 179.15 179.16 179.17 179.18 179.19 179.20 179.21 179.22 179.23 179.24 179.25
179.26 179.27 179.28 179.29 179.30 179.31 179.32 180.1 180.2 180.3 180.4 180.5 180.6 180.7 180.8 180.9 180.10 180.11
180.12 180.13 180.14 180.15 180.16 180.17 180.18 180.19 180.20 180.21 180.22 180.23 180.24 180.25 180.26 180.27 180.28 180.29 180.30 180.31 180.32 180.33 180.34 180.35 181.1 181.2 181.3 181.4 181.5 181.6 181.7 181.8 181.9 181.10 181.11 181.12 181.13
181.14 181.15 181.16 181.17 181.18 181.19 181.20 181.21 181.22 181.23 181.24 181.25 181.26 181.27 181.28 181.29 181.30 181.31 181.32 181.33 181.34 181.35 182.1 182.2 182.3 182.4 182.5 182.6 182.7 182.8 182.9 182.10 182.11 182.12 182.13 182.14 182.15 182.16 182.17 182.18 182.19 182.20 182.21 182.22 182.23 182.24
182.25 182.26 182.27 182.28 182.29 182.30 182.31 182.32 182.33 182.34 182.35 183.1 183.2 183.3 183.4 183.5 183.6 183.7 183.8 183.9 183.10 183.11 183.12 183.13 183.14 183.15 183.16 183.17 183.18 183.19 183.20 183.21 183.22 183.23 183.24 183.25 183.26 183.27 183.28 183.29 183.30 183.31 183.32 183.33 183.34
183.35 184.1 184.2 184.3 184.4 184.5 184.6 184.7 184.8 184.9 184.10 184.11 184.12 184.13 184.14 184.15 184.16 184.17 184.18 184.19 184.20 184.21 184.22 184.23 184.24 184.25 184.26 184.27
184.28 184.29 184.30 184.31 184.32 184.33 184.34 184.35 185.1 185.2
185.3 185.4 185.5 185.6 185.7 185.8 185.9 185.10 185.11 185.12 185.13 185.14 185.15 185.16 185.17 185.18 185.19 185.20 185.21 185.22 185.23 185.24 185.25 185.26 185.27 185.28 185.29 185.30 185.31 185.32 185.33 185.34
186.1 186.2 186.3 186.4 186.5 186.6 186.7 186.8 186.9 186.10 186.11 186.12 186.13
186.14 186.15 186.16 186.17 186.18 186.19 186.20 186.21 186.22 186.23 186.24 186.25 186.26 186.27 186.28 186.29 186.30 186.31 186.32 186.33 186.34 186.35 187.1 187.2 187.3 187.4 187.5 187.6 187.7 187.8 187.9 187.10 187.11 187.12 187.13 187.14 187.15 187.16 187.17 187.18 187.19 187.20 187.21 187.22 187.23 187.24 187.25 187.26 187.27 187.28 187.29 187.30 187.31 187.32 187.33 187.34 187.35 187.36 188.1 188.2 188.3 188.4 188.5 188.6 188.7 188.8 188.9 188.10 188.11 188.12 188.13 188.14 188.15 188.16
188.17 188.18 188.19 188.20 188.21 188.22 188.23 188.24 188.25 188.26 188.27 188.28
188.29 188.30 188.31 188.32 188.33 189.1 189.2 189.3 189.4 189.5 189.6
189.7 189.8 189.9 189.10 189.11 189.12 189.13
189.14 189.15 189.16 189.17 189.18 189.19 189.20 189.21 189.22 189.23 189.24 189.25 189.26 189.27 189.28 189.29 189.30 189.31 189.32 189.33
190.1 190.2 190.3 190.4 190.5 190.6 190.7 190.8 190.9 190.10 190.11 190.12 190.13 190.14 190.15 190.16 190.17 190.18 190.19 190.20 190.21 190.22 190.23 190.24 190.25 190.26 190.27 190.28 190.29 190.30 190.31 190.32 190.33 190.34 190.35 190.36 191.1 191.2 191.3 191.4 191.5 191.6 191.7
191.8 191.9 191.10 191.11 191.12 191.13 191.14 191.15 191.16 191.17 191.18 191.19 191.20 191.21 191.22 191.23
191.24 191.25 191.26 191.27
191.28 191.29 191.30 191.31 191.32 191.33
192.1 192.2
192.3 192.4
192.5 192.6 192.7 192.8 192.9 192.10 192.11 192.12 192.13 192.14 192.15 192.16 192.17 192.18 192.19 192.20 192.21 192.22 192.23 192.24
192.25 192.26 192.27 192.28 192.29 192.30 192.31 192.32 192.33 193.1 193.2 193.3 193.4 193.5 193.6 193.7 193.8 193.9 193.10 193.11 193.12 193.13 193.14 193.15 193.16 193.17 193.18 193.19 193.20 193.21 193.22 193.23 193.24 193.25 193.26 193.27 193.28 193.29 193.30 193.31 193.32 193.33 193.34 193.35 194.1 194.2 194.3 194.4 194.5 194.6 194.7
194.8 194.9 194.10 194.11 194.12 194.13 194.14 194.15 194.16 194.17 194.18 194.19 194.20 194.21 194.22 194.23 194.24 194.25 194.26 194.27 194.28 194.29 194.30 194.31 194.32 194.33 194.34 195.1 195.2 195.3 195.4 195.5 195.6 195.7 195.8 195.9 195.10 195.11 195.12 195.13 195.14 195.15 195.16 195.17 195.18 195.19 195.20 195.21 195.22
195.23 195.24 195.25 195.26 195.27 195.28
195.29 195.30 195.31 195.32 195.33 195.34 196.1 196.2 196.3 196.4 196.5 196.6 196.7 196.8
196.9 196.10 196.11 196.12 196.13 196.14 196.15 196.16 196.17 196.18 196.19 196.20 196.21
196.22 196.23 196.24 196.25 196.26 196.27 196.28 196.29 196.30 196.31
196.32 197.1 197.2 197.3 197.4 197.5 197.6 197.7 197.8 197.9 197.10 197.11 197.12 197.13 197.14 197.15 197.16 197.17 197.18 197.19 197.20 197.21 197.22 197.23 197.24 197.25 197.26 197.27 197.28 197.29 197.30 197.31 197.32 197.33 197.34 197.35 197.36 198.1 198.2 198.3 198.4 198.5 198.6 198.7 198.8 198.9 198.10 198.11 198.12 198.13 198.14 198.15 198.16 198.17 198.18 198.19 198.20 198.21 198.22 198.23 198.24 198.25 198.26 198.27 198.28 198.29 198.30 198.31 198.32 198.33 198.34 198.35 198.36 199.1 199.2 199.3 199.4 199.5 199.6 199.7 199.8 199.9 199.10 199.11 199.12 199.13 199.14 199.15 199.16
199.17 199.18 199.19 199.20 199.21 199.22 199.23 199.24 199.25 199.26 199.27 199.28 199.29 199.30 199.31 199.32 199.33 199.34 200.1 200.2 200.3 200.4 200.5 200.6 200.7 200.8 200.9 200.10 200.11 200.12 200.13
200.14 200.15 200.16 200.17 200.18 200.19 200.20 200.21 200.22 200.23 200.24 200.25 200.26 200.27 200.28 200.29 200.30 200.31 200.32 200.33 200.34
201.1 201.2 201.3 201.4 201.5 201.6 201.7 201.8 201.9 201.10 201.11 201.12 201.13 201.14 201.15 201.16 201.17 201.18 201.19
201.20 201.21 201.22 201.23 201.24 201.25 201.26 201.27 201.28 201.29 201.30 201.31 201.32
201.33 202.1 202.2 202.3 202.4 202.5 202.6 202.7 202.8 202.9 202.10 202.11 202.12 202.13 202.14 202.15 202.16 202.17 202.18 202.19 202.20
202.21 202.22 202.23 202.24 202.25 202.26 202.27 202.28 202.29 202.30 202.31 202.32 202.33 202.34 202.35 203.1 203.2 203.3 203.4 203.5 203.6
203.7 203.8 203.9 203.10 203.11 203.12 203.13 203.14 203.15 203.16 203.17 203.18 203.19 203.20 203.21 203.22 203.23 203.24 203.25 203.26 203.27 203.28 203.29 203.30 203.31 203.32 203.33 203.34 203.35 204.1 204.2 204.3 204.4 204.5 204.6 204.7 204.8 204.9 204.10 204.11 204.12
204.13 204.14 204.15 204.16 204.17 204.18 204.19
204.20 204.21 204.22 204.23 204.24 204.25 204.26 204.27 204.28 204.29 204.30 204.31 204.32 204.33 205.1 205.2 205.3 205.4 205.5 205.6 205.7 205.8 205.9 205.10 205.11 205.12 205.13 205.14 205.15 205.16 205.17 205.18 205.19 205.20 205.21 205.22 205.23 205.24 205.25 205.26 205.27 205.28 205.29 205.30 205.31 205.32 205.33 205.34 205.35 206.1 206.2 206.3 206.4 206.5
206.6 206.7 206.8 206.9 206.10 206.11 206.12 206.13 206.14 206.15 206.16 206.17 206.18 206.19 206.20 206.21 206.22 206.23 206.24 206.25 206.26 206.27 206.28 206.29 206.30 206.31 206.32 206.33 206.34 206.35 207.1 207.2 207.3 207.4 207.5 207.6 207.7 207.8 207.9 207.10 207.11 207.12 207.13 207.14 207.15 207.16 207.17 207.18 207.19 207.20 207.21 207.22 207.23 207.24 207.25 207.26 207.27 207.28 207.29 207.30 207.31 207.32 207.33 207.34 207.35 208.1 208.2 208.3 208.4 208.5 208.6 208.7 208.8 208.9 208.10 208.11 208.12 208.13 208.14 208.15 208.16 208.17 208.18 208.19 208.20 208.21 208.22 208.23 208.24 208.25
208.26 208.27 208.28 208.29 208.30 208.31 208.32 208.33 208.34 208.35 209.1 209.2 209.3 209.4 209.5 209.6 209.7 209.8 209.9 209.10 209.11
209.12 209.13 209.14 209.15 209.16 209.17 209.18 209.19 209.20 209.21 209.22 209.23 209.24 209.25 209.26 209.27 209.28 209.29 209.30 209.31
209.32 209.33 209.34 210.1 210.2 210.3 210.4 210.5 210.6 210.7 210.8 210.9 210.10 210.11 210.12 210.13 210.14 210.15 210.16 210.17 210.18 210.19
210.20 210.21 210.22 210.23 210.24 210.25 210.26 210.27 210.28 210.29 210.30 210.31 210.32 210.33 210.34 210.35
211.1 211.2 211.3 211.4 211.5 211.6 211.7 211.8 211.9 211.10 211.11 211.12 211.13 211.14 211.15 211.16 211.17 211.18 211.19 211.20 211.21 211.22 211.23 211.24 211.25 211.26 211.27
211.28 211.29 211.30 211.31 211.32 211.33 211.34 211.35 212.1 212.2 212.3 212.4
212.5 212.6 212.7 212.8 212.9 212.10 212.11 212.12 212.13 212.14 212.15 212.16 212.17 212.18 212.19 212.20 212.21 212.22 212.23
212.24 212.25 212.26 212.27 212.28 212.29 212.30 212.31 212.32 212.33 212.34 213.1 213.2 213.3 213.4 213.5 213.6 213.7 213.8 213.9
213.10 213.11 213.12 213.13 213.14 213.15 213.16 213.17 213.18 213.19 213.20 213.21 213.22 213.23 213.24 213.25 213.26 213.27 213.28 213.29
213.30 213.31 213.32 213.33 214.1 214.2 214.3 214.4 214.5 214.6 214.7 214.8 214.9 214.10 214.11 214.12 214.13 214.14 214.15 214.16 214.17 214.18 214.19 214.20 214.21 214.22 214.23 214.24 214.25 214.26 214.27 214.28 214.29 214.30
214.31 214.32 214.33 214.34 214.35 215.1 215.2 215.3 215.4 215.5 215.6 215.7
215.8 215.9 215.10
215.11 215.12

A bill for an act
relating to retirement; modifying actuarial assumptions; modifying postretirement
adjustment triggers; modifying contribution stabilizers; amending police and
firefighter retirement state supplemental aid; creating a monthly benefit division
of the statewide volunteer firefighter retirement plan; adopting recommendations
of the volunteer firefighter relief association working group; modifying local
firefighter relief associations; making small group retirement changes; making
administrative changes to the Minnesota State Retirement System, Teachers
Retirement Association, and Public Employees Retirement Association; making
technical and conforming changes; merging the Minneapolis Employees
Retirement Fund Division into PERA-General; requiring a state financial
contribution to fund the merger; permanently extending supplemental fire state
aid to volunteer firefighter relief associations; amending Minnesota Statutes
2014, sections 3A.03, subdivision 2; 11A.17, subdivision 2; 69.051, subdivision
1a; 69.80; 256D.21; 352.01, subdivisions 2a, 11, 13a, 15; 352.017, subdivision 2;
352.021, subdivisions 1, 3, 4; 352.029, subdivision 2; 352.04, subdivisions 8,
9; 352.045; 352.22, subdivisions 8, 10; 352.23; 352.27; 352.75, subdivision 2;
352.87, subdivision 8; 352.91, subdivision 3e; 352.955, subdivision 3; 352B.011,
subdivision 3; 352B.013, subdivision 2; 352B.07; 352B.085; 352B.086;
352B.10, subdivision 5; 352B.105; 352B.11, subdivision 4; 352B.25; 352D.02,
subdivision 1; 352D.05, subdivision 4; 352D.11, subdivision 2; 352D.12; 353.01,
subdivisions 2a, 2b, 6, 10, 11a, 16, 17, 28, 36, 48; 353.0161, subdivision 2, by
adding a subdivision; 353.0162; 353.017, subdivision 2; 353.03, subdivision 3;
353.031, subdivisions 5, 10; 353.05; 353.06; 353.27, subdivisions 1, 3b, 7a, 10,
12, 12a, by adding a subdivision; 353.28, subdivision 5; 353.29, subdivision
7; 353.33, subdivisions 6, 13; 353.34, subdivision 1; 353.35, subdivision
1; 353.37, subdivision 1; 353.46, subdivisions 2, 6; 353.50, subdivision 6;
353.505; 353.64, subdivisions 7a, 8, 9, 10; 353.656, subdivisions 1a, 1b, 2, 4,
5a; 353D.03, subdivision 3; 353D.071, subdivision 2; 353E.06, subdivisions
5, 6; 353F.01; 353F.02, subdivisions 3, 5a; 353F.04, subdivision 2; 353F.051,
subdivisions 1, 2, 3; 353G.01, subdivisions 6, 7, 11, 12, by adding subdivisions;
353G.02; 353G.03; 353G.04; 353G.05; 353G.06; 353G.07; 353G.08; 353G.09;
353G.10; 353G.11; 353G.115; 353G.12, subdivision 2, by adding a subdivision;
353G.13; 353G.14; 353G.15; 353G.16; 354.05, subdivisions 10, 13, 25;
354.07, subdivision 5; 354.092, subdivision 4; 354.42, subdivisions 1a, 4b, 4d;
354.44, subdivisions 8, 9; 354.445; 354.45, subdivision 1a; 354.48, subdivision
3; 354.51, subdivisions 1, 5; 354.52, subdivision 4c; 354.55, subdivision
10; 354.72, subdivision 2; 354A.011, subdivision 6; 354A.092; 354A.093,
subdivision 6; 354A.096; 354A.108; 354A.12, subdivision 3c; 354A.29,
subdivisions 7, 8, 9; 354A.31, subdivision 7; 354A.38, subdivision 3; 355.01,
subdivision 3j; 355.07; 356.195, subdivision 2; 356.214, subdivision 1; 356.215,
subdivisions 1, 8, 11, 18; 356.245; 356.30, subdivision 3; 356.302, subdivision 7;
356.303, subdivision 4; 356.32, subdivisions 1, 2; 356.40; 356.401, subdivision
3; 356.407, subdivisions 1, 2; 356.415, subdivisions 1, 1a, 1b, 1c, 1d, 1e, 1f,
2; 356.431; 356.44; 356.461, subdivision 2; 356.465, subdivision 3; 356.50,
subdivision 2; 356.551, subdivision 2; 356.62; 356.635, subdivision 9, by adding
a subdivision; 356B.10, subdivisions 2, 3, 4, 5, 6, 7; 423A.02, subdivision 1b;
423A.022, subdivision 5; 424A.001, subdivision 10, by adding a subdivision;
424A.002, subdivision 1; 424A.016, subdivision 4; 424A.02, subdivisions 3,
3a, 9a; 424A.05, subdivisions 2, 3; 424A.092, subdivisions 3, 6; 424A.093,
subdivisions 5, 6; 480.181, subdivision 2; 490.121, subdivision 4; 490.1211;
490.124, subdivision 12; proposing coding for new law in Minnesota Statutes,
chapter 353G; repealing Minnesota Statutes 2014, sections 352.271; 352.75,
subdivisions 1, 3, 4, 5, 6; 352.76; 352.91, subdivisions 3a, 3b; 352B.29; 353.01,
subdivision 49; 353.025; 353.27, subdivision 1a; 353.50, subdivisions 1, 2, 3,
4, 5, 7, 8, 9, 10; 353.83; 353.84; 353.85; 353D.03, subdivision 4; 354.146,
subdivisions 1, 3; 354.33, subdivisions 5, 6; 354.39; 354.55, subdivisions 13,
16, 19; 354.58; 354.71; 354A.35, subdivision 2a; 354A.42; 356.405; 356.49,
subdivision 2; 424A.03, subdivision 3.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

ARTICLE 1

INTEREST, SALARY, AND PAYROLL GROWTH ASSUMPTION CHANGES

Section 1.

Minnesota Statutes 2014, section 356.215, subdivision 8, is amended to read:


Subd. 8.

Interest and salary assumptions.

(a) The actuarial valuation must use the
applicable following interest assumption:

(1) select and ultimate interest rate assumption

plan
ultimate interest
rate assumption
deleted text begin general state employees retirement plan
deleted text end
deleted text begin 8.5%
deleted text end
deleted text begin correctional state employees retirement plan
deleted text end
deleted text begin 8.5
deleted text end
deleted text begin State Patrol retirement plan
deleted text end
deleted text begin 8.5
deleted text end
deleted text begin legislators retirement plan, and for the
constitutional officers calculation of total plan
liabilities
deleted text end
deleted text begin 0
deleted text end
deleted text begin judges retirement plan
deleted text end
deleted text begin 8.5
deleted text end
deleted text begin general public employees retirement plan
deleted text end
deleted text begin 8.5
deleted text end
deleted text begin public employees police and fire retirement plan
deleted text end
deleted text begin 8.5
deleted text end
deleted text begin local government correctional service
retirement plan
deleted text end
deleted text begin 8.5
deleted text end
teachers retirement plan
8.5new text begin%
new text end
deleted text begin St. Paul teachers retirement plan
deleted text end
deleted text begin 8.5
deleted text end

deleted text begin Except for the legislators retirement plan and the constitutional officers calculation
of total plan liabilities,
deleted text end The select preretirement interest rate assumption for the period
deleted text beginafter June 30, 2012,deleted text end through June 30, 2017, is 8 percent.

(2) single rate interest rate assumption

plan
interest rate
assumption
new text begin general state employees retirement plan
new text end
new text begin 8%
new text end
new text begin correctional state employees retirement plan
new text end
new text begin 8
new text end
new text begin State Patrol retirement plan
new text end
new text begin 8
new text end
new text begin legislators retirement plan, and for the
constitutional officers calculation of total plan
liabilities
new text end
new text begin 0
new text end
new text begin judges retirement plan
new text end
new text begin 8
new text end
new text begin general public employees retirement plan
new text end
new text begin 8
new text end
new text begin public employees police and fire retirement plan
new text end
new text begin 8
new text end
new text begin local government correctional service retirement
plan
new text end
new text begin 8
new text end
new text begin St. Paul teachers retirement plan
new text end
new text begin 8
new text end
Bloomington Fire Department Relief Association
6
local monthly benefit volunteer firefighters relief
associations
5

(b)(1) If funding stability has been attained, the valuation must use a postretirement
adjustment rate actuarial assumption equal to the postretirement adjustment rate specified
in section 354A.27, subdivision 7; 354A.29, subdivision 9; or 356.415, subdivision 1,
whichever applies.

(2) If funding stability has not been attained, the valuation must use a select
postretirement adjustment rate actuarial assumption equal to the postretirement adjustment
rate specified in section 354A.27, subdivision 6a; 354A.29, subdivision 8; or 356.415,
subdivision 1a, 1b, 1c, 1d, 1e, or 1f, whichever applies, for a period ending when the
approved actuary estimates that the plan will attain the defined funding stability measure,
and thereafter an ultimate postretirement adjustment rate actuarial assumption equal
to the postretirement adjustment rate under section 354A.27, subdivision 7; 354A.29,
subdivision 9; or 356.415, subdivision 1, for the applicable period or periods beginning
when funding stability is projected to be attained.

(c) The actuarial valuation must use the applicable following single rate future salary
increase assumption, the applicable following modified single rate future salary increase
assumption, or the applicable following graded rate future salary increase assumption:

(1) single rate future salary increase assumption

plan
future salary increase assumption
legislators retirement plan
5%
judges retirement plan
deleted text begin 3 deleted text end new text begin 2.75
new text end
Bloomington Fire Department Relief
Association
4

(2) age-related future salary increase age-related select and ultimate future salary
increase assumption or graded rate future salary increase assumption

plan
future salary increase assumption
local government correctional service retirement plan
assumption B
St. Paul teachers retirement plan
assumption A

For plans other than the St. Paul teachers
retirement plan and the local government
correctional service retirement plan, the
select calculation is: during the designated
select period, a designated percentage rate
is multiplied by the result of the designated
integer minus T, where T is the number of
completed years of service, and is added
to the applicable future salary increase
assumption. The designated select period
is ten years and the designated integer is
ten for the local government correctional
service retirement plan and 15 for the St.
Paul Teachers Retirement Fund Association.
The designated percentage rate is 0.2 percent
for the St. Paul Teachers Retirement Fund
Association.

The ultimate future salary increase assumption is:

age
A
B
16
5.9%
deleted text begin 9% deleted text end new text begin 8.75%
new text end
17
5.9
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new text end
18
5.9
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new text end
19
5.9
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new text end
20
5.9
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new text end
21
5.9
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new text end
22
5.9
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new text end
23
5.85
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new text end
24
5.8
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new text end
25
5.75
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new text end
26
5.7
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new text end
27
5.65
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new text end
28
5.6
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29
5.55
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new text end
30
5.5
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31
5.45
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32
5.4
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5.35
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34
5.3
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new text end
35
5.25
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new text end
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5.2
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5.15
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38
5.1
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39
5.05
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new text end
40
5
deleted text begin 5.75 deleted text end new text begin 5.5
new text end
41
4.95
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new text end
42
4.9
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new text end
43
4.85
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new text end
44
4.8
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new text end
45
4.75
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new text end
46
4.7
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new text end
47
4.65
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new text end
48
4.6
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new text end
49
4.55
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new text end
50
4.5
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new text end
51
4.45
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new text end
52
4.4
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new text end
53
4.35
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new text end
54
4.3
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new text end
55
4.25
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new text end
56
4.2
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new text end
57
4.15
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new text end
58
4.1
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new text end
59
4.05
deleted text begin 4.25 deleted text end new text begin 4
new text end
60
4
deleted text begin 4.25 deleted text end new text begin 4
new text end
61
4
deleted text begin 4.25 deleted text end new text begin 4
new text end
62
4
deleted text begin 4.25 deleted text end new text begin 4
new text end
63
4
deleted text begin 4.25 deleted text end new text begin 4
new text end
64
4
deleted text begin 4.25 deleted text end new text begin 4
new text end
65
4
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new text end
66
4
deleted text begin 4 deleted text end new text begin 3.75
new text end
67
4
deleted text begin 4 deleted text end new text begin 3.75
new text end
68
4
deleted text begin 4 deleted text end new text begin 3.75
new text end
69
4
deleted text begin 4 deleted text end new text begin 3.75
new text end
70
4
deleted text begin 4 deleted text end new text begin 3.75
new text end

(3) service-related ultimate future salary increase assumption

general state employees retirement plan of the
Minnesota State Retirement System
assumption A
general employees retirement plan of the Public
Employees Retirement Association
assumption B
Teachers Retirement Association
assumption C
public employees police and fire retirement plan
assumption D
State Patrol retirement plan
assumption E
correctional state employees retirement plan of the
Minnesota State Retirement System
assumption F
service
length
A
B
C
D
E
F
1
deleted text begin 10.5%
deleted text end new text begin 10.25%
new text end
deleted text begin 12.03%
deleted text end new text begin 11.78%
new text end
12%
deleted text begin 13%
deleted text end new text begin 12.75%
new text end
deleted text begin 8%
deleted text end new text begin 7.75%
new text end
deleted text begin 6%
deleted text end new text begin 5.75%
new text end
2
deleted text begin 8.1
deleted text end new text begin 7.85
new text end
deleted text begin 8.9
deleted text end new text begin 8.65
new text end
9
deleted text begin 11
deleted text end new text begin 10.75
new text end
deleted text begin 7.5
deleted text end new text begin 7.25
new text end
deleted text begin 5.85
deleted text end new text begin 5.6
new text end
3
deleted text begin 6.9
deleted text end new text begin 6.65
new text end
deleted text begin 7.46
deleted text end new text begin 7.21
new text end
8
deleted text begin 9
deleted text end new text begin 8.75
new text end
deleted text begin 7
deleted text end new text begin 6.75
new text end
deleted text begin 5.7
deleted text end new text begin 5.45
new text end
4
deleted text begin 6.2
deleted text end new text begin 5.95
new text end
deleted text begin 6.58
deleted text end new text begin 6.33
new text end
7.5
deleted text begin 8
deleted text end new text begin 7.75
new text end
deleted text begin 6.75
deleted text end new text begin 6.5
new text end
deleted text begin 5.55
deleted text end new text begin 5.3
new text end
5
deleted text begin 5.7
deleted text end new text begin 5.45
new text end
deleted text begin 5.97
deleted text end new text begin 5.72
new text end
7.25
deleted text begin 6.5
deleted text end new text begin 6.25
new text end
deleted text begin 6.5
deleted text end new text begin 6.25
new text end
deleted text begin 5.4
deleted text end new text begin 5.15
new text end
6
deleted text begin 5.3
deleted text end new text begin 5.05
new text end
deleted text begin 5.52
deleted text end new text begin 5.27
new text end
7
deleted text begin 6.1
deleted text end new text begin 5.85
new text end
deleted text begin 6.25
deleted text end new text begin 6
new text end
deleted text begin 5.25
deleted text end new text begin 5
new text end
7
deleted text begin 5
deleted text end new text begin 4.75
new text end
deleted text begin 5.16
deleted text end new text begin 4.91
new text end
6.85
deleted text begin 5.8
deleted text end new text begin 5.55
new text end
deleted text begin 6
deleted text end new text begin 5.75
new text end
deleted text begin 5.1
deleted text end new text begin 4.85
new text end
8
deleted text begin 4.7
deleted text end new text begin 4.45
new text end
deleted text begin 4.87
deleted text end new text begin 4.62
new text end
6.7
deleted text begin 5.6
deleted text end new text begin 5.35
new text end
deleted text begin 5.85
deleted text end new text begin 5.6
new text end
deleted text begin 4.95
deleted text end new text begin 4.7
new text end
9
deleted text begin 4.5
deleted text end new text begin 4.25
new text end
deleted text begin 4.63
deleted text end new text begin 4.38
new text end
6.55
deleted text begin 5.4
deleted text end new text begin 5.15
new text end
deleted text begin 5.7
deleted text end new text begin 5.45
new text end
deleted text begin 4.8
deleted text end new text begin 4.55
new text end
10
deleted text begin 4.4
deleted text end new text begin 4.15
new text end
deleted text begin 4.42
deleted text end new text begin 4.17
new text end
6.4
deleted text begin 5.3
deleted text end new text begin 5.05
new text end
deleted text begin 5.55
deleted text end new text begin 5.3
new text end
deleted text begin 4.65
deleted text end new text begin 4.4
new text end
11
deleted text begin 4.2
deleted text end new text begin 3.95
new text end
deleted text begin 4.24
deleted text end new text begin 3.99
new text end
6.25
deleted text begin 5.2
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new text end
deleted text begin 5.4
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new text end
deleted text begin 4.55
deleted text end new text begin 4.3
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12
deleted text begin 4.1
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new text end
deleted text begin 4.08
deleted text end new text begin 3.83
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6
deleted text begin 5.1
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new text end
deleted text begin 5.25
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new text end
deleted text begin 4.45
deleted text end new text begin 4.2
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13
deleted text begin 4
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new text end
deleted text begin 3.94
deleted text end new text begin 3.69
new text end
5.75
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new text end
deleted text begin 5.1
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new text end
deleted text begin 4.35
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14
deleted text begin 3.8
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new text end
deleted text begin 3.82
deleted text end new text begin 3.57
new text end
5.5
deleted text begin 4.9
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new text end
deleted text begin 4.95
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new text end
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new text end
15
deleted text begin 3.7
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new text end
deleted text begin 3.7
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new text end
5.25
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new text end
deleted text begin 4.8
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new text end
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16
deleted text begin 3.6
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new text end
deleted text begin 3.6
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5
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new text end
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17
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new text end
deleted text begin 3.51
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4.75
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18
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new text end
deleted text begin 3.5
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4.5
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new text end
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new text end
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19
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new text end
deleted text begin 3.5
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new text end
4.25
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deleted text begin 4.2
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20
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new text end
deleted text begin 3.5
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4
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new text end
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21
deleted text begin 3.5
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new text end
deleted text begin 3.5
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new text end
3.9
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new text end
deleted text begin 3.75
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22
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new text end
deleted text begin 3.5
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new text end
3.8
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23
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new text end
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new text end
3.7
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24
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new text end
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3.6
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25
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3.5
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26
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new text end
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3.5
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27
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new text end
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3.5
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28
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3.5
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29
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new text end
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3.5
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30 or more
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new text end
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new text end
3.5
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(d) The actuarial valuation must use the applicable following payroll growth
assumption for calculating the amortization requirement for the unfunded actuarial
accrued liability where the amortization retirement is calculated as a level percentage
of an increasing payroll:

plan
payroll growth assumption
general state employees retirement plan of the
Minnesota State Retirement System
deleted text begin 3.75% deleted text end new text begin 3.5%
new text end
correctional state employees retirement plan
deleted text begin 3.75 deleted text end new text begin 3.5
new text end
State Patrol retirement plan
deleted text begin 3.75 deleted text end new text begin 3.5
new text end
judges retirement plan
deleted text begin 3 deleted text end new text begin 2.75
new text end
general employees retirement plan of the Public
Employees Retirement Association
deleted text begin 3.75 deleted text end new text begin 3.5
new text end
public employees police and fire retirement plan
deleted text begin 3.75 deleted text end new text begin 3.5
new text end
local government correctional service retirement plan
deleted text begin 3.75 deleted text end new text begin 3.5
new text end
teachers retirement plan
3.75
St. Paul teachers retirement plan
4

(e) The assumptions set forth in paragraphs (c) and (d) continue to apply, unless a
different salary assumption or a different payroll increase assumption:

(1) has been proposed by the governing board of the applicable retirement plan;

(2) is accompanied by the concurring recommendation of the actuary retained under
section 356.214, subdivision 1, if applicable, or by the approved actuary preparing the
most recent actuarial valuation report if section 356.214 does not apply; and

(3) has been approved or deemed approved under subdivision 18.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective June 30, 2015, and applies to
actuarial valuations prepared for an actuarial valuation date after that date.
new text end

ARTICLE 2

CONFORMING CHANGES IN REFUND REPAYMENT PROVISIONS
RELATED TO INTEREST ASSUMPTION CHANGE

Section 1.

Minnesota Statutes 2014, section 3A.03, subdivision 2, is amended to read:


Subd. 2.

Refund.

(a) A former member who has made contributions under
subdivision 1 and who is no longer a member of the legislature is entitled to receive, upon
written application to the executive director on a form prescribed by the executive director,
a refund from the general fund of all contributions credited to the member's account with
interest computed as provided in section 352.22, subdivision 2.

(b) The refund of contributions as provided in paragraph (a) terminates all rights of a
former member of the legislature and the survivors of the former member under this chapter.

(c) If the former member of the legislature again becomes a member of the legislature
after having taken a refund as provided in paragraph (a), the member is a member of the
unclassified employees retirement program of the Minnesota State Retirement System.

(d) However, the member may reinstate the rights and credit for service previously
forfeited under this chapter if the member repays all refunds taken, plus interest at deleted text beginan
deleted text enddeleted text beginannualdeleted text end new text beginthenew text end rate of 8.5 percent new text beginuntil June 30, 2015, and eight percent thereafter new text endcompounded
annually from the date on which the refund was taken to the date on which the refund
is repaid.

(e) No person may be required to apply for or to accept a refund.

Sec. 2.

Minnesota Statutes 2014, section 352.01, subdivision 13a, is amended to read:


Subd. 13a.

Reduced salary during period of workers' compensation.

An
employee on leave of absence receiving temporary workers' compensation payments and a
reduced salary or no salary from the employer who is entitled to allowable service credit
for the period of absence, may make payment to the fund for the difference between salary
received, if any, and the salary the employee would normally receive if not on leave of
absence during the period. The employee shall pay an amount equal to the employee and
employer contribution rate under section 352.04, subdivisions 2 and 3, on the differential
salary amount for the period of the leave of absence.

The employing department, at its option, may pay the employer amount on behalf
of its employees. Payment made under this subdivision must include interest at the rate
of 8.5 percent new text beginuntil June 30, 2015, and eight percent thereafter new text end per year, and must be
completed within one year of the return from leave of absence.

Sec. 3.

Minnesota Statutes 2014, section 352.04, subdivision 8, is amended to read:


Subd. 8.

Department required to pay omitted salary deductions.

(a) If a
department fails to take deductions past due for a period of 60 days or less from an
employee's salary as provided in this section, those deductions must be taken on later
payroll abstracts.

(b) If a department fails to take deductions past due for a period in excess of 60
days from an employee's salary as provided in this section, the department, and not the
employee, must pay on later payroll abstracts the employee and employer contributions
and an amount equivalent to 8.5 percent new text begin until June 30, 2015, and eight percent thereafter
new text endof the total amount due in lieu of interest, or if the delay in payment exceeds one year, 8.5
percent new text begin until June 30, 2015, and eight percent thereafter new text endcompound annual interest.

(c) If a department fails to take deductions past due for a period of 60 days or less
and the employee is no longer in state service so that the required deductions cannot be
taken from the salary of the employee, the department must nevertheless pay the required
employer contributions. If any department fails to take deductions past due for a period in
excess of 60 days and the employee is no longer in state service, the omitted contributions
must be recovered under paragraph (b).

(d) If an employee from whose salary required deductions were past due for a period
of 60 days or less leaves state service before the payment of the omitted deductions and
subsequently returns to state service, the unpaid amount is considered the equivalent of a
refund. The employee accrues no right by reason of the unpaid amount, except that the
employee may pay the amount of omitted deductions as provided in section 352.23.

Sec. 4.

Minnesota Statutes 2014, section 352.04, subdivision 9, is amended to read:


Subd. 9.

Erroneous deductions, canceled warrants.

(a) Deductions taken from
the salary of an employee for the retirement fund in excess of required amounts must,
upon discovery and verification by the department making the deduction, be refunded to
the employee.

(b) If a deduction for the retirement fund is taken from a salary warrant or check,
and the check is canceled or the amount of the warrant or check returned to the funds of
the department making the payment, the sum deducted, or the part of it required to adjust
the deductions, must be refunded to the department or institution if the department applies
for the refund on a form furnished by the director. The department's payments must
likewise be refunded to the department.

(c) If erroneous employee deductions and employer contributions are caused by an
error in plan coverage involving the plan and any other plans specified in section 356.99,
that section applies. If the employee should have been covered by the plan governed by
chapter 352D, 353D, 354B, or 354D, the employee deductions and employer contributions
taken in error must be directly transferred to the applicable employee's account in the
correct retirement plan, with interest at the rate of 0.71 percent per monthnew text begin until June 30,
2015, and 0.667 percent per month thereafter
new text end, compounded annually, from the first day of
the month following the month in which coverage should have commenced in the correct
defined contribution plan until the end of the month in which the transfer occurs.

Sec. 5.

Minnesota Statutes 2014, section 352.23, is amended to read:


352.23 TERMINATION OF RIGHTS.

When any employee accepts a refund as provided in section 352.22, all existing
service credits and all rights and benefits to which the employee was entitled before
accepting the refund terminate. They must not again be restored until the former employee
acquires at least six months of allowable service credit after taking the last refund. In that
event, the employee may repay all refunds previously taken from the retirement fund.
Repayment of refunds entitles the employee only to credit for service covered by (1)
salary deductions; (2) payments made in lieu of salary deductions; (3) payments made
to obtain credit for service as permitted by laws in effect when payment was made; and
(4) allowable service once credited while receiving temporary workers' compensation as
provided in section 352.01, subdivision 11, clause (5). Payments under this section for
repayment of refunds are to be paid with interest at deleted text beginan annualdeleted text end new text beginthe new text endrate of 8.5 percent new text beginuntil
June 30, 2015, and eight percent thereafter
new text endcompounded annually. They may be paid in a
lump sum or by payroll deduction in the manner provided in section 352.04. Payment may
be made in a lump sum up to six months after termination from service.

Sec. 6.

Minnesota Statutes 2014, section 352B.11, subdivision 4, is amended to read:


Subd. 4.

Reentry into state service.

When a former member, who has become
separated from state service that entitled the member to membership and has received a
refund of retirement payments, reenters the state service in a position that entitles the
member to membership, that member shall receive credit for the period of prior allowable
state service if the member repays into the fund the amount of the refund, plus interest
on it at deleted text beginan annualdeleted text end new text beginthe new text endrate of 8.5 percent new text beginuntil June 30, 2015, and eight percent thereafter
new text endcompounded annually, at any time before subsequent retirement. Repayment may be made
in installments or in a lump sum.

Sec. 7.

Minnesota Statutes 2014, section 352D.05, subdivision 4, is amended to read:


Subd. 4.

Repayment of refund.

(a) A participant in the unclassified program may
repay regular refunds taken under section 352.22, as provided in section 352.23.

(b) A participant in the unclassified program or an employee covered by the general
employees retirement plan who has withdrawn the value of the total shares may repay the
refund taken and thereupon restore the service credit, rights and benefits forfeited by paying
into the fund the amount refunded plus interest at deleted text beginan annualdeleted text end new text beginthe new text endrate of 8.5 percent new text beginuntil
June 30, 2015, and eight percent thereafter
new text endcompounded annually from the date that the
refund was taken until the date that the refund is repaid. If the participant had withdrawn
only the employee shares as permitted under prior laws, repayment must be pro rata.

(c) Except as provided in section 356.441, the repayment of a refund under this
section must be made in a lump sum.

Sec. 8.

Minnesota Statutes 2014, section 352D.12, is amended to read:


352D.12 TRANSFER OF PRIOR SERVICE CONTRIBUTIONS.

(a) An employee who is a participant in the unclassified program and who has prior
service credit in a covered plan under chapter 352, 353, 354, 354A, or 422A may, within
the time limits specified in this section, elect to transfer to the unclassified program prior
service contributions to one or more of those plans.

(b) For participants with prior service credit in a plan governed by chapter 352, 353,
354, 354A, or 422A, "prior service contributions" means the accumulated employee and
equal employer contributions with interest at deleted text beginan annualdeleted text end new text beginthe new text endrate of 8.5 percent new text beginuntil June
30, 2015, and eight percent thereafter
new text endcompounded annually, based on fiscal year balances.

(c) If a participant has taken a refund from a retirement plan listed in this section,
the participant may repay the refund to that plan, notwithstanding any restrictions on
repayment to that plan, plus 8.5 percent interest new text beginuntil June 30, 2015, and eight percent
interest thereafter
new text endcompounded annually and have the accumulated employee and equal
employer contributions transferred to the unclassified program with interest at deleted text beginan annualdeleted text end new text beginthe
new text endrate of 8.5 percent new text beginuntil June 30, 2015, and eight percent thereafter new text endcompounded annually
based on fiscal year balances. If a person repays a refund and subsequently elects to have
the money transferred to the unclassified program, the repayment amount, including
interest, is added to the fiscal year balance in the year which the repayment was made.

(d) A participant electing to transfer prior service contributions credited to a
retirement plan governed by chapter 352, 353, 354, 354A, or 422A as provided under this
section must complete a written application for the transfer and repay any refund within
one year of the commencement of the employee's participation in the unclassified program.

Sec. 9.

Minnesota Statutes 2014, section 353.27, subdivision 7a, is amended to read:


Subd. 7a.

Deductions or contributions transmitted by error.

(a) If employee
deductions and employer contributions under this section, section 353.50, 353.65, or
353E.03 were erroneously transmitted to the association, but should have been transmitted
to a plan covered by chapter 352D, 353D, 354B, or 354D, the executive director shall
transfer the erroneous employee deductions and employer contributions to the appropriate
retirement fund or individual account, as applicable. The time limitations specified in
subdivisions 7 and 12 do not apply. The transfer to the applicable defined contribution
plan account must include interest at the rate of 0.71 percent per monthnew text begin until June 30,
2015, and 0.667 percent per month thereafter
new text end, compounded annually, from the first day of
the month following the month in which coverage should have commenced in the defined
contribution plan until the end of the month in which the transfer occurs.

(b) A potential transfer under paragraph (a) that is reasonably determined to cause
the plan to fail to be a qualified plan under section 401(a) of the federal Internal Revenue
Code, as amended, must not be made by the executive director of the association. Within
30 days after being notified by the Public Employees Retirement Association of an
unmade potential transfer under this paragraph, the employer of the affected person
must transmit an amount representing the applicable salary deductions and employer
contributions, without interest, to the retirement fund of the appropriate Minnesota public
pension plan, or to the applicable individual account if the proper coverage is by a defined
contribution plan. The association must provide the employing unit a credit for the amount
of the erroneous salary deductions and employer contributions against future contributions
from the employer. If the employing unit receives a credit under this paragraph, the
employing unit is responsible for refunding to the applicable employee any amount that
had been erroneously deducted from the person's salary.

(c) If erroneous employee deductions and employer contributions reflect a plan
coverage error involving any Public Employees Retirement Association plan specified in
section 356.99 and any other plan specified in that section, section 356.99 applies.

Sec. 10.

Minnesota Statutes 2014, section 353.27, subdivision 12, is amended to read:


Subd. 12.

Omitted salary deductions; obligations.

(a) In the case of omission of
required deductions for the general employees retirement plan, the public employees police
and fire retirement plan, or the local government correctional employees retirement plan
from the salary of an employee, the department head or designee shall immediately, upon
discovery, report the employee for membership and deduct the employee deductions under
subdivision 4 during the current pay period or during the pay period immediately following
the discovery of the omission. Payment for the omitted obligations may only be made in
accordance with reporting procedures and methods established by the executive director.

(b) When the entire omission period of an employee does not exceed 60 days, the
governmental subdivision may report and submit payment of the omitted employee
deductions and the omitted employer contributions through the reporting processes under
subdivision 4.

(c) When the omission period of an employee exceeds 60 days, the governmental
subdivision shall furnish to the association sufficient data and documentation upon which
the obligation for omitted employee and employer contributions can be calculated.
The omitted employee deductions must be deducted from the employee's subsequent
salary payment or payments and remitted to the association for deposit in the applicable
retirement fund. The employee shall pay omitted employee deductions due for the 60
days prior to the end of the last pay period in the omission period during which salary
was earned. The employer shall pay any remaining omitted employee deductions and any
omitted employer contributions, plus cumulative interest at deleted text beginandeleted text end new text beginthe new text endannual rate of 8.5
percent new text beginuntil June 30, 2015, and eight percent thereafter new text endcompounded annually, from the
date or dates each omitted employee contribution was first payable.

(d) An employer shall not hold an employee liable for omitted employee deductions
beyond the pay period dates under paragraph (c), nor attempt to recover from the employee
those employee deductions paid by the employer on behalf of the employee. Omitted
deductions due under paragraph (c) which are not paid by the employee constitute a
liability of the employer that failed to deduct the omitted deductions from the employee's
salary. The employer shall make payment with interest at deleted text beginandeleted text end new text beginthe new text endannual rate of 8.5 percent
new text beginuntil June 30, 2015, and eight percent thereafter new text endcompounded annually. Omitted employee
deductions are no longer due if an employee terminates public service before making
payment of omitted employee deductions to the association, but the employer remains
liable to pay omitted employer contributions plus interest at deleted text beginandeleted text end new text beginthe new text endannual rate of 8.5
percent new text beginuntil June 30, 2015, and eight percent thereafter new text endcompounded annually from the
date the contributions were first payable.

(e) The association may not commence action for the recovery of omitted employee
deductions and employer contributions after the expiration of three calendar years after
the calendar year in which the contributions and deductions were omitted. Except as
provided under paragraph (b), no payment may be made or accepted unless the association
has already commenced action for recovery of omitted deductions. An action for recovery
commences on the date of the mailing of any written correspondence from the association
requesting information from the governmental subdivision upon which to determine
whether or not omitted deductions occurred.

Sec. 11.

Minnesota Statutes 2014, section 353.27, subdivision 12a, is amended to read:


Subd. 12a.

Terminated employees: omitted deductions.

A terminated employee
who was a member of the general employees retirement plan of the Public Employees
Retirement Association, the public employees police and fire retirement plan, or the local
government correctional employees retirement plan and who has a period of employment
in which previously omitted employer contributions were made under subdivision 12
but for whom no, or only partial, omitted employee contributions have been made, or
a member who had prior coverage in the association for which previously omitted
employer contributions were made under subdivision 12 but who terminated service
before required omitted employee deductions could be withheld from salary, may pay the
omitted employee deductions for the period on which omitted employer contributions
were previously paid plus interest at deleted text beginandeleted text end new text beginthe new text endannual rate of 8.5 percent new text beginuntil June 30, 2015,
and eight percent thereafter
new text endcompounded annually. A terminated employee may pay the
omitted employee deductions plus interest within six months of an initial notification from
the association of eligibility to pay those omitted deductions. If a terminated employee
is reemployed in a position covered under a public pension fund under section 356.30,
subdivision 3
, and elects to pay omitted employee deductions, payment must be made no
later than six months after a subsequent termination of public service.

Sec. 12.

Minnesota Statutes 2014, section 353.28, subdivision 5, is amended to read:


Subd. 5.

Interest chargeable on amounts due.

Any amount due under this section
or section 353.27, subdivision 4, is payable with interest at deleted text beginandeleted text end new text beginthe new text endannual compound rate
of 8.5 percent new text beginuntil June 30, 2015, and eight percent thereafter new text endfrom the date due until the
date payment is received by the association, with a minimum interest charge of $10.

Sec. 13.

Minnesota Statutes 2014, section 353.35, subdivision 1, is amended to read:


Subdivision 1.

Refund rights.

(a) Except as provided in paragraph (b), when any
former member accepts a refund, all existing service credits and all rights and benefits to
which the person was entitled prior to the acceptance of the refund must terminate.

(b) A refund under section 353.651, subdivision 3, paragraph (c), does not result in a
forfeiture of salary credit for the allowable service credit covered by the refund.

(c) The rights and benefits of a former member must not be restored until the person
returns to active service and acquires at least six months of allowable service credit after
taking the last refund and repays the refund or refunds taken and interest received under
section 353.34, subdivisions 1 and 2, plus interest at deleted text beginandeleted text end new text beginthe new text endannual rate of 8.5 percent new text beginuntil
June 30, 2015, and eight percent thereafter
new text endcompounded annually. If the person elects to
restore service credit in a particular fund from which the person has taken more than one
refund, the person must repay all refunds to that fund. All refunds must be repaid within
six months of the last date of termination of public service.

Sec. 14.

Minnesota Statutes 2014, section 354A.093, subdivision 6, is amended to read:


Subd. 6.

Interest requirements.

The employer shall pay interest on all equivalent
employee and employer contribution amounts payable under this section. Interest must
be computed at deleted text beginadeleted text end new text beginthe new text endrate of 8.5 percent new text beginuntil June 30, 2015, and eight percent thereafter
new text endcompounded annually from the end of each fiscal year of the leave or break in service to
the end of the month in which payment is received.

Sec. 15.

Minnesota Statutes 2014, section 354A.38, subdivision 3, is amended to read:


Subd. 3.

Computation of refund repayment amount.

If the coordinated member
elects to repay a refund under subdivision 2, the repayment to the fund must be in an
amount equal to refunds the member has accepted plus interest at the rate of 8.5 percent
new text beginuntil June 30, 2015, and eight percent thereafter new text endcompounded annually from the date that
the refund was accepted to the date that the refund is repaid.

Sec. 16.

Minnesota Statutes 2014, section 356.44, is amended to read:


356.44 PARTIAL PAYMENT OF PENSION PLAN REFUND.

(a) Notwithstanding any provision of law to the contrary, a member of a pension
plan listed in section 356.30, subdivision 3, with at least two years of forfeited service
taken from a single pension plan, may repay a portion of all refunds. A partial refund
repayment must comply with this section.

(b) The minimum portion of a refund repayment is one-third of the total service
credit period of all refunds taken from a single plan.

(c) The cost of the partial refund repayment is the product of the cost of the total
repayment multiplied by the ratio of the restored service credit to the total forfeited service
credit. The total repayment amount includes interest at the annual rate of 8.5 percent new text beginfor
any period for the Teachers Retirement Association and is 8.5 percent until June 30, 2015,
and 8 percent thereafter for any other retirement plan listed in section 356.30, subdivision
3
new text end, compounded annually, from the refund date to the date repayment is received.

(d) The restored service credit must be allocated based on the relationship the
restored service bears to the total service credit period for all refunds taken from a single
pension plan.

(e) This section does not authorize a public pension plan member to repay a refund
if the law governing the plan does not authorize the repayment of a refund of member
contributions.

Sec. 17.

Minnesota Statutes 2014, section 490.124, subdivision 12, is amended to read:


Subd. 12.

Refund.

(a) A person who ceases to be a judge is entitled to a refund
in an amount that is equal to all of the member's employee contributions to the judges'
retirement fund plus interest computed under section 352.22, subdivision 2.

(b) A refund of contributions under paragraph (a) terminates all service credits and
all rights and benefits of the judge and the judge's survivors under this chapter.

(c) A person who becomes a judge again after taking a refund under paragraph (a)
may reinstate the previously terminated allowable service credit, rights, and benefits
by repaying the total amount of the previously received refund. The refund repayment
must include interest on the total amount previously received at deleted text beginandeleted text end new text beginthe new text endannual rate of 8.5
percent, new text beginuntil June 30, 2015, and eight percent thereafter new text endcompounded annually, from the
date on which the refund was received until the date on which the refund is repaid.

Sec. 18. new text beginEFFECTIVE DATE.
new text end

new text begin Unless otherwise specified, this article is effective July 1, 2015.
new text end

ARTICLE 3

CONFORMING CHANGES IN LEAVE AND PRIOR SERVICE CREDIT
PURCHASE PROVISIONS RELATED TO INTEREST ASSUMPTION CHANGE

Section 1.

Minnesota Statutes 2014, section 352.017, subdivision 2, is amended to read:


Subd. 2.

Purchase procedure.

(a) An employee covered by a plan specified in
this chapter may purchase credit for allowable service in that plan for a period specified
in subdivision 1 if the employee makes a payment as specified in paragraph (b) or (c),
whichever applies. The employing unit, at its option, may pay the employer portion of the
amount specified in paragraph (b) on behalf of its employees.

(b) If payment is received by the executive director within one year from the date the
employee returned to work following the authorized leave, the payment amount is equal to
the employee and employer contribution rates specified in law for the applicable plan at
the end of the leave period multiplied by the employee's hourly rate of salary on the date
of return from the leave of absence and by the days and months of the leave of absence for
which the employee is eligible for allowable service credit. The payment must include
compound interest at deleted text beginadeleted text end new text beginthe new text endmonthly rate of 0.71 percent new text begin until June 30, 2015, and 0.667
percent per month thereafter
new text end from the last day of the leave period until the last day of the
month in which payment is received. If payment is received by the executive director
after one year, the payment amount is the amount determined under section 356.551.
Payment under this paragraph must be made before the date of termination from public
employment covered under this chapter.

(c) If the employee terminates employment covered by this chapter during the leave
or following the leave rather than returning to covered employment, payment must be
received by the executive director within 30 days after the termination date. The payment
amount is equal to the employee and employer contribution rates specified in law for the
applicable plan on the day prior to the termination date, multiplied by the employee's
hourly rate of salary on that date and by the days and months of the leave of absence
prior to termination.

Sec. 2.

Minnesota Statutes 2014, section 352.27, is amended to read:


352.27 CREDIT FOR BREAK IN SERVICE TO PROVIDE UNIFORMED
SERVICE.

(a) An employee who is absent from employment by reason of service in the
uniformed services, as defined in United States Code, title 38, section 4303(13), and who
returns to state service upon discharge from service in the uniformed service within the
time frames required in United States Code, title 38, section 4312(e), may obtain service
credit for the period of the uniformed service as further specified in this section, provided
that the employee did not separate from uniformed service with a dishonorable or bad
conduct discharge or under other than honorable conditions.

(b) The employee may obtain credit by paying into the fund an equivalent employee
contribution based upon the contribution rate or rates in effect at the time that the
uniformed service was performed multiplied by the full and fractional years being
purchased and applied to the annual salary rate. The annual salary rate is the average
annual salary during the purchase period that the employee would have received if the
employee had continued to be employed in covered employment rather than to provide
uniformed service, or, if the determination of that rate is not reasonably certain, the annual
salary rate is the employee's average salary rate during the 12-month period of covered
employment rendered immediately preceding the period of the uniformed service.

(c) The equivalent employer contribution and, if applicable, the equivalent additional
employer contribution provided in this chapter must be paid by the department employing
the employee from funds available to the department at the time and in the manner
provided in this chapter, using the employer and additional employer contribution rate or
rates in effect at the time that the uniformed service was performed, applied to the same
annual salary rate or rates used to compute the equivalent employee contribution.

(d) If the employee equivalent contributions provided in this section are not paid in
full, the employee's allowable service credit must be prorated by multiplying the full and
fractional number of years of uniformed service eligible for purchase by the ratio obtained
by dividing the total employee contribution received by the total employee contribution
otherwise required under this section.

(e) To receive service credit under this section, the contributions specified in this
section must be transmitted to the Minnesota State Retirement System during the period
which begins with the date on which the individual returns to state service and which has a
duration of three times the length of the uniformed service period, but not to exceed five
years. If the determined payment period is less than one year, the contributions required
under this section to receive service credit may be made within one year of the discharge
date.

(f) The amount of service credit obtainable under this section may not exceed five
years unless a longer purchase period is required under United States Code, title 38,
section 4312.

(g) The employing unit shall pay interest on all equivalent employee and employer
contribution amounts payable under this section. Interest must be computed at deleted text beginadeleted text end new text beginthe new text endrate
of 8.5 percent new text beginuntil June 30, 2015, and eight percent thereafter new text endcompounded annually from
the end of each fiscal year of the leave or the break in service to the end of the month in
which the payment is received.

Sec. 3.

Minnesota Statutes 2014, section 352.955, subdivision 3, is amended to read:


Subd. 3.

Payment of additional equivalent contributions.

(a) An eligible
employee who is transferred to plan coverage and who elects to transfer past service
credit under this section must pay an additional member contribution for that prior service
period. The additional member contribution is the amount computed under paragraph
(b), plus the greater of the amount computed under paragraph (c), or 40 percent of the
unfunded actuarial accrued liability attributable to the past service credit transfer.

(b) The executive director shall compute, for the most recent 12 months of service
credit eligible for transfer, or for the entire period eligible for transfer if less than 12
months, the difference between the employee contribution rate or rates for the general state
employees retirement plan and the employee contribution rate or rates for the correctional
state employees retirement plan applied to the eligible employee's salary during that
transfer period, plus compound interest at deleted text beginadeleted text end new text beginthe new text endmonthly rate of 0.71 percentnew text begin until June 30,
2015, and 0.667 percent per month thereafter
new text end.

(c) The executive director shall compute, for any service credit being transferred
on behalf of the eligible employee and not included under paragraph (b), the difference
between the employee contribution rate or rates for the general state employees retirement
plan and the employee contribution rate or rates for the correctional state employees
retirement plan applied to the eligible employee's salary during that transfer period, plus
compound interest at deleted text beginadeleted text end new text beginthe new text endmonthly rate of 0.71 percentnew text begin until June 30, 2015, and 0.667
percent per month thereafter
new text end.

(d) The executive director shall compute an amount using the process specified in
paragraph (b), but based on differences in employer contribution rates between the general
state employees retirement plan and the correctional state employees retirement plan
rather than employee contribution rates.

(e) The executive director shall compute an amount using the process specified in
paragraph (c), but based on differences in employer contribution rates between the general
state employees retirement plan and the correctional state employees retirement plan
rather than employee contribution rates.

(f) The additional equivalent member contribution under this subdivision must be
paid in a lump sum. Payment must accompany the election to transfer the prior service
credit. No transfer election or additional equivalent member contribution payment may be
made by a person or accepted by the executive director after the one year anniversary date
of the effective date of the retirement coverage transfer, or the date on which the eligible
employee terminates state employment, whichever is earlier.

(g) If an eligible employee elects to transfer past service credit under this section
and pays the additional equivalent member contribution amount under paragraph (a), the
applicable department shall pay an additional equivalent employer contribution amount.
The additional employer contribution is the amount computed under paragraph (d), plus
the greater of the amount computed under paragraph (e), or 60 percent of the unfunded
actuarial accrued liability attributable to the past service credit transfer.

(h) The unfunded actuarial accrued liability attributable to the past service credit
transfer is the present value of the benefit obtained by the transfer of the service credit
to the correctional state employees retirement plan reduced by the amount of the asset
transfer under subdivision 4, by the amount of the member contribution equivalent
payment computed under paragraph (b), and by the amount of the employer contribution
equivalent payment computed under paragraph (d).

(i) The additional equivalent employer contribution under this subdivision must be
paid in a lump sum and must be paid within 30 days of the date on which the executive
director of the Minnesota State Retirement System certifies to the applicable department
that the employee paid the additional equivalent member contribution.

Sec. 4.

Minnesota Statutes 2014, section 352B.013, subdivision 2, is amended to read:


Subd. 2.

Purchase procedure.

(a) An employee covered by the plan specified in
this chapter may purchase credit for allowable service in the plan for a period specified
in subdivision 1 if the employee makes a payment as specified in paragraph (b) or (c),
whichever applies. The employing unit, at its option, may pay the employer portion of the
amount specified in paragraph (b) on behalf of its employees.

(b) If payment is received by the executive director within one year from the date
the employee returned to work following the authorized leave, the payment amount is
equal to the employee and employer contribution rates specified in section 352B.02 at the
end of the leave period multiplied by the employee's hourly rate of salary on the date of
return from the leave of absence and by the days and months of the leave of absence for
which the employee is eligible for allowable service credit. The payment must include
compound interest at deleted text beginadeleted text end new text beginthe new text endmonthly rate of 0.71 percent new text begin until June 30, 2015, and 0.667
percent per month thereafter
new text end from the last day of the leave period until the last day of the
month in which payment is received. If payment is received by the executive director after
one year from the date the employee returned to work following the authorized leave, the
payment amount is the amount determined under section 356.551. Payment under this
paragraph must be made before the date of termination from public employment covered
under this chapter.

(c) If the employee terminates employment covered by this chapter during the leave
or following the leave rather than returning to covered employment, payment must be
received by the executive director within 30 days after the termination date. The payment
amount is equal to the employee and employer contribution rates specified in section
352B.02 on the day prior to the termination date, multiplied by the employee's hourly rate of
salary on that date and by the days and months of the leave of absence prior to termination.

Sec. 5.

Minnesota Statutes 2014, section 352B.085, is amended to read:


352B.085 SERVICE CREDIT FOR CERTAIN DISABILITY LEAVES OF
ABSENCE.

A member on leave of absence receiving temporary workers' compensation
payments and a reduced salary or no salary from the employer who is entitled to allowable
service credit for the period of absence under section 352B.011, subdivision 3, paragraph
(b), may make payment to the fund for the difference between salary received, if any,
and the salary that the member would normally receive if the member was not on leave
of absence during the period. The member shall pay an amount equal to the member
and employer contribution rate under section 352B.02, subdivisions 1b and 1c, on
the differential salary amount for the period of the leave of absence. The employing
department, at its option, may pay the employer amount on behalf of the member.
Payment made under this subdivision must include interest at the rate of 8.5 percent new text beginuntil
June 30, 2015, and eight percent thereafter
new text endper year, and must be completed within one
year of the member's return from the leave of absence.

Sec. 6.

Minnesota Statutes 2014, section 352B.086, is amended to read:


352B.086 SERVICE CREDIT FOR UNIFORMED SERVICE.

(a) A member who is absent from employment by reason of service in the uniformed
services, as defined in United States Code, title 38, section 4303(13), and who returns to
state employment in a position covered by the plan upon discharge from service in the
uniformed services within the time frame required in United States Code, title 38, section
4312(e), may obtain service credit for the period of the uniformed service, provided that
the member did not separate from uniformed service with a dishonorable or bad conduct
discharge or under other than honorable conditions.

(b) The member may obtain credit by paying into the fund an equivalent member
contribution based on the member contribution rate or rates in effect at the time that
the uniformed service was performed multiplied by the full and fractional years being
purchased and applied to the annual salary rate. The annual salary rate is the average
annual salary during the purchase period that the member would have received if the
member had continued to provide employment services to the state rather than to provide
uniformed service, or if the determination of that rate is not reasonably certain, the annual
salary rate is the member's average salary rate during the 12-month period of covered
employment rendered immediately preceding the purchase period.

(c) The equivalent employer contribution and, if applicable, the equivalent employer
additional contribution, must be paid by the employing unit, using the employer and
employer additional contribution rate or rates in effect at the time that the uniformed
service was performed, applied to the same annual salary rate or rates used to compute the
equivalent member contribution.

(d) If the member equivalent contributions provided for in this section are not paid
in full, the member's allowable service credit must be prorated by multiplying the full and
fractional number of years of uniformed service eligible for purchase by the ratio obtained
by dividing the total member contributions received by the total member contributions
otherwise required under this section.

(e) To receive allowable service credit under this section, the contributions specified
in this section must be transmitted to the fund during the period which begins with the
date on which the individual returns to state employment covered by the plan and which
has a duration of three times the length of the uniformed service period, but not to exceed
five years. If the determined payment period is calculated to be less than one year, the
contributions required under this section to receive service credit must be transmitted to
the fund within one year from the discharge date.

(f) The amount of allowable service credit obtainable under this section may not
exceed five years, unless a longer purchase period is required under United States Code,
title 38, section 4312.

(g) The employing unit shall pay interest on all equivalent member and employer
contribution amounts payable under this section. Interest must be computed at deleted text beginadeleted text end new text beginthe new text endrate
of 8.5 percent new text beginuntil June 30, 2015, and eight percent thereafter new text endcompounded annually from
the end of each fiscal year of the leave or break in service to the end of the month in
which payment is received.

Sec. 7.

Minnesota Statutes 2014, section 352D.11, subdivision 2, is amended to read:


Subd. 2.

Payments by employee.

An employee entitled to purchase service credit
may make the purchase by paying to the state retirement system an amount equal to
the current employee contribution rate in effect for the state retirement system applied
to the current or final salary rate multiplied by the months and days of prior temporary,
intermittent, or contract legislative service. Payment shall be made in one lump sum
unless the executive director of the state retirement system agrees to accept payment in
installments over a period of not more than three years from the date of the agreement.
Installment payments shall be charged interest at deleted text beginan annualdeleted text end new text beginthe new text endrate of 8.5 percent new text beginuntil
June 30, 2015, and eight percent thereafter
new text end compounded annually.

Sec. 8.

Minnesota Statutes 2014, section 353.01, subdivision 16, is amended to read:


Subd. 16.

Allowable service; limits and computation.

(a) "Allowable service"
means:

(1) service during years of actual membership in the course of which employee
deductions were withheld from salary and contributions were made at the applicable rates
under section 353.27, 353.65, or 353E.03;

(2) periods of service covered by payments in lieu of salary deductions under
sections 353.27, subdivision 12, and 353.35;

(3) service in years during which the public employee was not a member but for
which the member later elected, while a member, to obtain credit by making payments to
the fund as permitted by any law then in effect;

(4) a period of authorized leave of absence with pay from which deductions for
employee contributions are made, deposited, and credited to the fund;

(5) a period of authorized personal, parental, or medical leave of absence without
pay, including a leave of absence covered under the federal Family Medical Leave Act,
that does not exceed one year, and for which a member obtained service credit for each
month in the leave period by payment under section 353.0161 to the fund made in place of
salary deductions. An employee must return to public service and render a minimum of
three months of allowable service in order to be eligible to make payment under section
353.0161 for a subsequent authorized leave of absence without pay. Upon payment, the
employee must be granted allowable service credit for the purchased period;

(6) a periodic, repetitive leave that is offered to all employees of a governmental
subdivision. The leave program may not exceed 208 hours per annual normal work cycle
as certified to the association by the employer. A participating member obtains service
credit by making employee contributions in an amount or amounts based on the member's
average salary, excluding overtime pay, that would have been paid if the leave had not
been taken. The employer shall pay the employer and additional employer contributions
on behalf of the participating member. The employee and the employer are responsible to
pay interest on their respective shares at the rate of 8.5 percent deleted text begina yeardeleted text end new text begin until June 30, 2015,
and eight percent thereafter
new text end, compounded annually, from the end of the normal cycle
until full payment is made. An employer shall also make the employer and additional
employer contributions, plus 8.5 percent interestnew text begin until June 30, 2015, and eight percent
interest thereafter
new text end, compounded annually, on behalf of an employee who makes employee
contributions but terminates public service. The employee contributions must be made
within one year after the end of the annual normal working cycle or within 30 days after
termination of public service, whichever is sooner. The executive director shall prescribe
the manner and forms to be used by a governmental subdivision in administering a
periodic, repetitive leave. Upon payment, the member must be granted allowable service
credit for the purchased period;

(7) an authorized temporary or seasonal layoff under subdivision 12, limited to three
months allowable service per authorized temporary or seasonal layoff in one calendar year.
An employee who has received the maximum service credit allowed for an authorized
temporary or seasonal layoff must return to public service and must obtain a minimum of
three months of allowable service subsequent to the layoff in order to receive allowable
service for a subsequent authorized temporary or seasonal layoff;

(8) a period during which a member is absent from employment by a governmental
subdivision by reason of service in the uniformed services, as defined in United States
Code, title 38, section 4303(13), if the member returns to public service with the same
governmental subdivision upon discharge from service in the uniformed service within the
time frames required under United States Code, title 38, section 4312(e), provided that
the member did not separate from uniformed service with a dishonorable or bad conduct
discharge or under other than honorable conditions. The service must be credited if the
member pays into the fund equivalent employee contributions based upon the contribution
rate or rates in effect at the time that the uniformed service was performed multiplied by
the full and fractional years being purchased and applied to the annual salary rate. The
annual salary rate is the average annual salary during the purchase period that the member
would have received if the member had continued to be employed in covered employment
rather than to provide uniformed service, or, if the determination of that rate is not
reasonably certain, the annual salary rate is the member's average salary rate during the
12-month period of covered employment rendered immediately preceding the period of the
uniformed service. Payment of the member equivalent contributions must be made during
a period that begins with the date on which the individual returns to public employment
and that is three times the length of the military leave period, or within five years of the
date of discharge from the military service, whichever is less. If the determined payment
period is less than one year, the contributions required under this clause to receive service
credit may be made within one year of the discharge date. Payment may not be accepted
following 30 days after termination of public service under subdivision 11a. If the member
equivalent contributions provided for in this clause are not paid in full, the member's
allowable service credit must be prorated by multiplying the full and fractional number
of years of uniformed service eligible for purchase by the ratio obtained by dividing the
total member contributions received by the total member contributions otherwise required
under this clause. The equivalent employer contribution, and, if applicable, the equivalent
additional employer contribution must be paid by the governmental subdivision employing
the member if the member makes the equivalent employee contributions. The employer
payments must be made from funds available to the employing unit, using the employer
and additional employer contribution rate or rates in effect at the time that the uniformed
service was performed, applied to the same annual salary rate or rates used to compute the
equivalent member contribution. The governmental subdivision involved may appropriate
money for those payments. The amount of service credit obtainable under this section
may not exceed five years unless a longer purchase period is required under United States
Code, title 38, section 4312. The employing unit shall pay interest on all equivalent
member and employer contribution amounts payable under this clause. Interest must be
computed at deleted text beginadeleted text end new text beginthe new text endrate of 8.5 percent new text beginuntil June 30, 2015, and eight percent thereafter
new text endcompounded annually from the end of each fiscal year of the leave or the break in service
to the end of the month in which the payment is received. Upon payment, the employee
must be granted allowable service credit for the purchased period; or

(9) a period specified under section 353.0162.

(b) For calculating benefits under sections 353.30, 353.31, 353.32, and 353.33 for
state officers and employees displaced by the Community Corrections Act, chapter 401,
and transferred into county service under section 401.04, "allowable service" means the
combined years of allowable service as defined in paragraph (a), clauses (1) to (6), and
section 352.01, subdivision 11.

(c) No member may receive more than 12 months of allowable service credit in a
year either for vesting purposes or for benefit calculation purposes. For an active member
who was an active member of the former Minneapolis Firefighters Relief Association
on December 29, 2011, "allowable service" is the period of service credited by the
Minneapolis Firefighters Relief Association as reflected in the transferred records of the
association up to December 30, 2011, and the period of service credited under paragraph
(a), clause (1), after December 30, 2011. For an active member who was an active member
of the former Minneapolis Police Relief Association on December 29, 2011, "allowable
service" is the period of service credited by the Minneapolis Police Relief Association as
reflected in the transferred records of the association up to December 30, 2011, and the
period of service credited under paragraph (a), clause (1), after December 30, 2011.

(d) MS 2002 [Expired]

Sec. 9.

Minnesota Statutes 2014, section 353.0161, subdivision 2, is amended to read:


Subd. 2.

Purchase procedure.

(a) An employee covered by a plan specified in
subdivision 1 may purchase credit for allowable service in that plan for a period specified
in subdivision 1 if the employee makes a payment as specified in paragraph (b) or (c),
whichever applies. The employing unit, at its option, may pay the employer portion of the
amount specified in paragraph (b) on behalf of its employees.

(b) If payment is received by the executive director within one year from the date
the member returned to work following the authorized leave, or within 30 days after the
date of termination of public service if the member did not return to work, the payment
amount is equal to the employee and employer contribution rates specified in law for
the applicable plan at the end of the leave period, or at termination of public service,
whichever is earlier, multiplied by the employee's average monthly salary, excluding
overtime, upon which deductions were paid during the six months, or portion thereof,
before the commencement of the leave of absence and by the number of months of the
leave of absence for which the employee wants allowable service credit. Payments made
under this paragraph must include compound interest at deleted text beginadeleted text end new text beginthe new text endmonthly rate of 0.71 percent
new text beginuntil June 30, 2015, and 0.667 percent per month thereafter new text endfrom the last day of the leave
period until the last day of the month in which payment is received.

(c) If payment is received by the executive director after one year, the payment
amount is the amount determined under section 356.551. Payment under this paragraph
must be made before the date the person terminates public service under section 353.01,
subdivision 11a.

Sec. 10.

Minnesota Statutes 2014, section 353.0162, is amended to read:


353.0162 REDUCED SALARY PERIODS SALARY CREDIT PURCHASE.

(a) A member may purchase additional salary credit for a period specified in this
section.

(b) The applicable period is a period during which the member is receiving a reduced
salary from the employer while the member is:

(1) receiving temporary workers' compensation payments related to the member's
service to the public employer;

(2) on an authorized medical leave of absence; or

(3) on an authorized partial paid leave of absence as a result of a budgetary or salary
savings program offered or mandated by a governmental subdivision.

(c) The differential salary amount is the difference between the average monthly
salary received by the member during the period of reduced salary under this section and
the average monthly salary of the member, excluding overtime, on which contributions
to the applicable plan were made during the period of the last six months of covered
employment occurring immediately before the period of reduced salary, applied to the
member's normal employment period, measured in hours or otherwise, as applicable.

(d) To receive eligible salary credit, the member shall pay an amount equal to:

(1) the applicable employee contribution rate under section 353.27, subdivision
2
; 353.65, subdivision 2; or 353E.03, subdivision 1, as applicable, multiplied by the
differential salary amount;

(2) plus an employer equivalent payment equal to the applicable employer
contribution rate in section 353.27, subdivision 3; 353.65, subdivision 3; or 353E.03,
subdivision 2
, as applicable, multiplied by the differential salary amount;

(3) plus, if applicable, an equivalent employer additional amount equal to the
additional employer contribution rate in section 353.27, subdivision 3a, multiplied by the
differential salary amount.

(e) The employer, by appropriate action of its governing body and documented in its
official records, may pay the employer equivalent contributions and, as applicable, the
equivalent employer additional contributions on behalf of the member.

(f) Payment under this section must include interest on the contribution amount or
amounts, whichever applies, at an 8.5 percent annual rate new text beginuntil June 30, 2015, and at an
eight percent annual rate thereafter
new text end, prorated for applicable months from the date on which
the period of reduced salary specified under this section terminates to the date on which
the payment or payments are received by the executive director. Payment under this
section must be completed within the earlier of 30 days from termination of public service
by the employee under section 353.01, subdivision 11a, or one year after the termination
of the period specified in paragraph (b), as further restricted under this section.

(g) The period for which additional allowable salary credit may be purchased is
limited to the period during which the person receives temporary workers' compensation
payments or for those business years in which the governmental subdivision offers or
mandates a budget or salary savings program, as certified to the executive director by a
resolution of the governing body of the governmental subdivision. For an authorized
medical leave of absence, the period for which allowable salary credit may be purchased
may not exceed 12 consecutive months of authorized medical leave.

(h) To purchase salary credit for a subsequent period of temporary workers'
compensation benefits or subsequent authorized medical leave of absence, the member
must return to public service and render a minimum of three months of allowable service.

Sec. 11.

Minnesota Statutes 2014, section 354A.096, is amended to read:


354A.096 MEDICAL LEAVE.

Any teacher in the coordinated program of the St. Paul Teachers Retirement Fund
Association who is on an authorized medical leave of absence and subsequently returns
to teaching service is entitled to receive allowable service credit, not to exceed one year,
for the period of leave, upon making the prescribed payment to the fund. This payment
must include the required employee and employer contributions at the rates specified in
section 354A.12, subdivisions 1 and 2a, as applied to the member's average full-time
monthly salary rate on the date the leave of absence commenced plus annual interest at
the rate of 8.5 percent new text beginuntil June 30, 2015, and eight percent thereafter new text endper year from the
end of the fiscal year during which the leave terminates to the end of the month during
which payment is made. The member must pay the total amount required unless the
employing unit, at its option, pays the employer contributions. The total amount required
must be paid by the end of the fiscal year following the fiscal year in which the leave of
absence terminated or before the member retires, whichever is earlier. Payment must be
accompanied by a copy of the resolution or action of the employing authority granting the
leave and the employing authority, upon granting the leave, must certify the leave to the
association in a manner specified by the executive director. A member may not receive
more than one year of allowable service credit during any fiscal year by making payment
under this section. A member may not receive disability benefits under section 354A.36
and receive allowable service credit under this section for the same period of time.

Sec. 12.

Minnesota Statutes 2014, section 354A.108, is amended to read:


354A.108 PAYMENT BY TEACHERS COLLECTING WORKERS'
COMPENSATION.

(a) A member of the Duluth Teachers Retirement Fund Association who is receiving
temporary workers' compensation payments related to the member's teaching service
and who either is receiving a reduced salary from the employer or is receiving no salary
from the employer is entitled to receive allowable service credit for the period of time
that the member is receiving the workers' compensation payments upon making the
required payment amount.

(b) The required amount payable by the member must be calculated first by
determining the differential salary amount, which is the difference between the salary
received, if any, during the period of time that the member is collecting workers'
compensation payments, and the salary that the member received for an identical length
period immediately before collecting the workers' compensation payments. The member
shall pay an amount equal to the employee contribution rate under section 354A.12,
subdivision 1
, multiplied by the differential salary amount.

(c) If the member makes the employee payment under this section, the employing
unit shall make an employer payment to the Duluth Teachers Retirement Fund Association
equal to the employer contribution rate under section 354A.12, subdivision 2a, multiplied
by the differential salary amount.

(d) Payments made under this subdivision are payable without interest if paid by
June 30 of the year during which the workers' compensation payments are received by
the member. If paid after June 30, payments made under this subdivision must include
interest at the rate of 8.5 percent new text beginuntil June 30, 2015, and eight percent thereafter new text endper year.
Payment under this section must be completed within one year of the termination of the
workers' compensation payments to the member.

Sec. 13.

Minnesota Statutes 2014, section 356.195, subdivision 2, is amended to read:


Subd. 2.

Purchase procedure for strike periods.

(a) An employee covered by a
plan specified in subdivision 1 may purchase allowable service credit in the applicable
plan for any period of time during which the employee was on a public employee strike
without pay, not to exceed a period of one year, if the employee makes a payment in
lieu of salary deductions as specified in paragraph (b) or (c), whichever applies. The
employing unit, at its option, may pay the employer portion of the amount specified in
paragraph (b) on behalf of its employees.

(b) If payment is received by the applicable pension plan executive director within
one year from the end of the strike, the payment amount is equal to the applicable
employee and employer contribution rates specified in law for the applicable plan during
the strike period, applied to the employee's rate of salary in effect at the conclusion of the
strike for the period of the strike without pay, plus compound interest at deleted text beginadeleted text end new text beginthe new text endmonthly
rate of 0.71 percent new text beginfor any period for the Teachers Retirement Association and at the
monthly rate of 0.71 percent until June 30, 2015, and 0.667 percent thereafter for any
other retirement plan listed in section 356.30, subdivision 3
new text end from the last day of the strike
period until the date payment is received.

(c) If payment is received by the applicable pension fund director after one year and
before five years from the end of the strike, the payment amount is the amount determined
under section 356.551.

(d) Payments may not be made more than five years after the end of the strike.

Sec. 14.

Minnesota Statutes 2014, section 356.50, subdivision 2, is amended to read:


Subd. 2.

Service credit procedure.

(a) To obtain the public pension plan
allowable service credit, the eligible person under subdivision 1 shall pay the required
member contribution amount. The required member contribution amount is the member
contribution rate or rates in effect for the pension plan during the period of service covered
by the back pay award, applied to the unpaid gross salary amounts of the back pay award
including unemployment insurance, workers' compensation, or wages from other sources
which reduced the back award. No contributions may be made under this clause for
compensation covered by a public pension plan listed in section 356.30, subdivision 3,
for employment during the removal period. The person shall pay the required member
contribution amount within 60 days of the date of receipt of the back pay award or within
60 days of a billing from the retirement fund, whichever is later.

(b) The public employer who wrongfully discharged the public employee must pay
an employer contribution on the back pay award. The employer contribution must be based
on the employer contribution rate or rates in effect for the pension plan during the period of
service covered by the back pay award, applied to the salary amount on which the member
contribution amount was determined under paragraph (a). Interest on both the required
member and employer contribution amount must be paid by the employer at the annual
compound rate of 8.5 percent new text beginfor any period for the Teachers Retirement Association and
8.5 percent until June 30, 2015, and 8 percent thereafter, for any other retirement plan
listed in section 356.30, subdivision 3,
new text endper year, expressed monthly, between the date the
contribution amount would have been paid to the date of actual payment. The employer
payment must be made within 30 days of the payment under paragraph (a).

Sec. 15.

Minnesota Statutes 2014, section 356.551, subdivision 2, is amended to read:


Subd. 2.

Determination.

(a) Unless the minimum purchase amount set forth in
paragraph (c) applies, the prior service credit purchase amount is an amount equal to the
actuarial present value, on the date of payment, as calculated by the chief administrative
officer of the pension plan and reviewed by the actuary retained under section 356.214,
of the amount of the additional retirement annuity obtained by the acquisition of the
additional service credit in this section.

(b) Calculation of this amount must be made using the preretirement interest rate
applicable to the public pension plan specified in section 356.215, subdivision 8, and
the mortality table adopted for the public pension plan. The calculation must assume
continuous future service in the public pension plan until, and retirement at, the age at
which the minimum requirements of the fund for normal retirement or retirement with an
annuity unreduced for retirement at an early age, including section 356.30, are met with
the additional service credit purchased. The calculation must also assume a full-time
equivalent salary, or actual salary, whichever is greater, and a future salary history that
includes annual salary increases at the applicable salary increase rate for the plan specified
in section 356.215, subdivision 4d.

(c) The prior service credit purchase amount may not be less than the amount
determined by applying, for each year or fraction of a year being purchased, the sum of the
employee contribution rate, the employer contribution rate, and the additional employer
contribution rate, if any, applicable during that period, to the person's annual salary during
that period, or fractional portion of a year's salary, if applicable, plus interest at the annual
rate of 8.5 percent new text beginuntil June 30, 2015, and eight percent thereafter new text endcompounded annually
from the end of the year in which contributions would otherwise have been made to
the date on which the payment is received.

(d) Unless otherwise provided by statutes governing a specific plan, payment must
be made in one lump sum within one year of the prior service credit authorization or prior
to the member's effective date of retirement, whichever is earlier. Payment of the amount
calculated under this section must be made by the applicable eligible person.

(e) However, the current employer or the prior employer may, at its discretion, pay
all or any portion of the payment amount that exceeds an amount equal to the employee
contribution rates in effect during the period or periods of prior service applied to the
actual salary rates in effect during the period or periods of prior service, plus interest at the
rate of 8.5 percent a year compounded annually from the date on which the contributions
would otherwise have been made to the date on which the payment is made. If the
employer agrees to payments under this subdivision, the purchaser must make the
employee payments required under this subdivision within 90 days of the prior service
credit authorization. If that employee payment is made, the employer payment under this
subdivision must be remitted to the chief administrative officer of the public pension plan
within 60 days of receipt by the chief administrative officer of the employee payments
specified under this subdivision.

Sec. 16.

Minnesota Statutes 2014, section 490.121, subdivision 4, is amended to read:


Subd. 4.

Allowable service.

(a) "Allowable service" means any calendar month,
subject to the service credit limit in subdivision 22, served as a judge at any time, during
which the judge received compensation for that service from the state, municipality,
or county, whichever applies, and for which the judge made any required member
contribution. It also includes any month served as a referee in probate for all referees in
probate who were in office before January 1, 1974.

(b) "Allowable service" also means a period of authorized leave of absence for
which the judge has made a payment in lieu of contributions, not in an amount in excess
of the service credit limit under subdivision 22. To obtain the service credit, the judge
shall pay an amount equal to the normal cost of the judges retirement plan on the date of
return from the leave of absence, as determined in the most recent actuarial report for the
plan filed with the Legislative Commission on Pensions and Retirement, multiplied by the
judge's average monthly salary rate during the authorized leave of absence and multiplied
by the number of months of the authorized leave of absence, plus annual compound
interest at the rate of 8.5 percent new text beginuntil June 30, 2015, and eight percent thereafter new text endfrom
the date of the termination of the leave to the date on which payment is made. The
payment must be made within one year of the date on which the authorized leave of
absence terminated. Service credit for an authorized leave of absence is in addition to a
uniformed service leave under section 490.1211.

(c) "Allowable service" does not mean service as a retired judge.

Sec. 17.

Minnesota Statutes 2014, section 490.1211, is amended to read:


490.1211 UNIFORMED SERVICE.

(a) A judge who is absent from employment by reason of service in the uniformed
services, as defined in United States Code, title 38, section 4303(13), and who returns
to state employment as a judge upon discharge from service in the uniformed service
within the time frame required in United States Code, title 38, section 4312(e), may obtain
service credit for the period of the uniformed service, provided that the judge did not
separate from uniformed service with a dishonorable or bad conduct discharge or under
other than honorable conditions.

(b) The judge may obtain credit by paying into the fund equivalent member
contribution based on the contribution rate or rates in effect at the time that the uniformed
service was performed multiplied by the full and fractional years being purchased and
applied to the annual salary rate. The annual salary rate is the average annual salary
during the purchase period that the judge would have received if the judge had continued
to provide employment services to the state rather than to provide uniformed service, or
if the determination of that rate is not reasonably certain, the annual salary rate is the
judge's average salary rate during the 12-month period of judicial employment rendered
immediately preceding the purchase period.

(c) The equivalent employer contribution and, if applicable, the equivalent employer
additional contribution, must be paid by the employing unit, using the employer and
employer additional contribution rate or rates in effect at the time that the uniformed
service was performed, applied to the same annual salary rate or rates used to compute the
equivalent member contribution.

(d) If the member equivalent contributions provided for in this section are not paid
in full, the judge's allowable service credit must be prorated by multiplying the full and
fractional number of years of uniformed service eligible for purchase by the ratio obtained
by dividing the total member contributions received by the total member contributions
otherwise required under this section.

(e) To receive allowable service credit under this section, the contributions specified
in this section and section 490.121 must be transmitted to the fund during the period
which begins with the date on which the individual returns to judicial employment and
which has a duration of three times the length of the uniformed service period, but not
to exceed five years. If the determined payment period is calculated to be less than one
year, the contributions required under this section to receive service credit may be within
one year from the discharge date.

(f) The amount of allowable service credit obtainable under this section and section
490.121 may not exceed five years, unless a longer purchase period is required under
United States Code, title 38, section 4312.

(g) The state court administrator shall pay interest on all equivalent member and
employer contribution amounts payable under this section. Interest must be computed
at deleted text beginadeleted text end new text beginthe new text endrate of 8.5 percent new text beginuntil June 30, 2015, and eight percent thereafter new text endcompounded
annually from the end of each fiscal year of the leave or break in service to the end of
the month in which payment is received.

Sec. 18. new text beginEFFECTIVE DATE.
new text end

new text begin Unless otherwise specified, this article is effective July 1, 2015.
new text end

ARTICLE 4

POSTRETIREMENT ADJUSTMENT FINANCIAL SUSTAINABILITY
TRIGGER MODIFICATIONS

Section 1.

Minnesota Statutes 2014, section 354A.29, subdivision 7, is amended to read:


Subd. 7.

Eligibility for payment of postretirement adjustments.

(a) Annually,
after June 30, the board of trustees of the St. Paul Teachers Retirement Fund Association
must determine the amount of any postretirement adjustment using the procedures in this
subdivision and subdivision 8 or 9, whichever is applicable.

(b) On January 1, each deleted text begineligibledeleted text end person who has been receiving an annuity or benefit
under the articles of incorporation, the bylaws, or this chapter deleted text beginfor at least three calendar
months as of the end of the last day of the previous calendar year
deleted text endnew text begin, whose effective date
of benefit commencement occurred on or before July 1 of the calendar year immediately
before the adjustment,
new text end is eligible to receive a postretirement increase as specified in
subdivision 8 or 9.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective June 30, 2015.
new text end

Sec. 2.

Minnesota Statutes 2014, section 354A.29, subdivision 8, is amended to read:


Subd. 8.

Calculation of postretirement adjustments; deleted text begintransitional provision
deleted text endnew text beginpercentage basednew text end.

(a) For purposes of computing postretirement adjustments for eligible
benefit recipients of the St. Paul Teachers Retirement Fund Association, the accrued
liability funding ratio based on the actuarial value of assets of the plan as determined by
the two most recent actuarial valuations prepared under sections 356.214 and 356.215
determines the postretirement increase, as follows:

Funding ratio
Postretirement increase
Less than 80 percent
1 percent
At least 80 percent but less than 90
percent
2 percent

(b) The amount determined under paragraph (a) is the full postretirement increase to
be applied as a permanent increase to the regular payment of each eligible member on
January 1 of the next calendar year. For any eligible member whose effective date of
benefit commencement occurred deleted text beginduringdeleted text end new text beginafter January 1 of new text endthe calendar year new text beginimmediately
new text endbefore the postretirement increase is applied, the deleted text beginfull increasedeleted text end amount new text begindetermined under
paragraph (a)
new text endmust be deleted text beginprorated on the basis of whole calendar quarters in benefit payment
status in the calendar year prior to the January 1 on which the postretirement increase is
applied, calculated to the third decimal place
deleted text endnew text begin reduced by 50 percentnew text end.

(c) If the accrued liability funding ratio based on the actuarial value of assets is at
least 90 percent in two consecutive actuarial valuations, deleted text beginthis subdivision expires and
deleted text endsubsequent postretirement increases must be paid as specified in subdivision 9.

new text begin (d) If, following a postretirement increase under paragraph (a), the accrued liability
funding ratio, based on the actuarial value of assets, falls below 80 percent for two
consecutive actuarial valuations, the applicable postretirement increase must be reduced
to one percent until January 1 of the calendar year next following the date on which the
requirements for an increase under paragraph (a) are again satisfied.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective June 30, 2015.
new text end

Sec. 3.

Minnesota Statutes 2014, section 354A.29, subdivision 9, is amended to read:


Subd. 9.

Calculation of postretirement adjustments.

(a) This subdivision applies
if new text beginthe requirements of new text endsubdivision 8 deleted text beginhas expireddeleted text endnew text begin, paragraph (c), have been satisfiednew text end.

(b) A percentage adjustment must be deleted text begincomputed anddeleted text end paid under this subdivision to
eligible persons under subdivision 7. deleted text beginThis adjustment is determined by reference to the
Consumer Price Index for urban wage earners and clerical workers all items index as
reported by the Bureau of Labor Statistics within the United States Department of Labor
each year as part of the determination of annual cost-of-living adjustments to recipients of
federal old-age, survivors, and disability insurance. For calculations of postretirement
adjustments under paragraph (c), the term "average third quarter Consumer Price Index
value" means the sum of the monthly index values as initially reported by the Bureau of
Labor Statistics for the months of July, August, and September, divided by three.
deleted text end

deleted text begin (c) Before January 1 of each year, the executive director must calculate the amount
of the postretirement adjustment by dividing the most recent average third quarter index
value by the same average third quarter index value from the previous year, subtract one
from the resulting quotient, and express the result as a percentage amount, which must be
rounded to the nearest one-tenth of one percent.
deleted text end

deleted text begin (d)deleted text end new text begin(c) new text endThe amount deleted text begincalculated under paragraph (c)deleted text end new text beginof 2.5 percent new text endis the full
postretirement adjustment to be applied as a permanent increase to the regular payment of
each eligible member on January 1 of the next calendar year. For any eligible member
whose effective date of benefit commencement occurred deleted text beginduring thedeleted text end new text beginafter January 1
of the
new text endcalendar year new text beginimmediately new text endbefore the postretirement adjustment is applied, the
deleted text beginfull increasedeleted text end new text beginpostretirement adjustment new text endamount must be deleted text beginprorated on the basis of whole
calendar quarters in benefit payment status in the calendar year prior
deleted text enddeleted text beginto the January 1 on
which the postretirement adjustment is applied, calculated to the third decimal place
deleted text endnew text beginreduced by 50 percentnew text end.

deleted text begin (e) The adjustment must not be less than zero nor greater than five percent.
deleted text end

new text begin (d) In the event the accrued liability funding ratio based on the actuarial value of
assets falls below 90 percent for two consecutive actuarial valuations, the applicable
postretirement increase must be determined under subdivision 8 until January 1 of the
calendar year next following the date on which the requirements of subdivision 8,
paragraph (c), are again satisfied.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective June 30, 2015.
new text end

Sec. 4.

Minnesota Statutes 2014, section 356.415, subdivision 1, is amended to read:


Subdivision 1.

Annual postretirement adjustments; generally.

(a) Except as
otherwise provided in subdivision 1a, 1b, 1c, 1d, 1e, or 1f, retirement annuity, disability
benefit, or survivor benefit recipients of a covered retirement plan are entitled to a
postretirement adjustment annually on January 1, as follows:

(1) a postretirement increase of 2.5 percent must be applied each year, effective
January 1, to the monthly annuity or benefit of each annuitant or benefit recipient who has
been receiving an annuity or a benefit for at least 12 full months deleted text beginprior to the January 1
increase
deleted text endnew text begin as of the June 30new text endnew text begin of the calendar year immediately before the adjustmentnew text end; and

(2) for each annuitant or benefit recipient who has been receiving an annuity or a
benefit amount for at least one full month, new text beginbut less than 12 full months as of the June 30 of
the calendar year immediately before the adjustment,
new text endan annual postretirement increase of
1/12 of 2.5 percent for each month that the person has been receiving an annuity or benefit
must be applieddeleted text begin, effective on January 1 following the calendar year in which the person
has been retired for less than 12 months
deleted text end.

(b) The increases provided by this subdivision commence on January 1, 2010.

(c) An increase in annuity or benefit payments under this section must be made
automatically unless written notice is filed by the annuitant or benefit recipient with the
executive director of the covered retirement plan requesting that the increase not be made.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective June 30, 2015.
new text end

Sec. 5.

Minnesota Statutes 2014, section 356.415, subdivision 1a, is amended to read:


Subd. 1a.

Annual postretirement adjustments; Minnesota State Retirement
System plans other than State Patrol retirement plan.

(a) Retirement annuity, disability
benefit, or survivor benefit recipients of the legislators retirement plans, including
constitutional officers as specified in chapter 3A, the general state employees retirement
plan, the correctional state employees retirement plan, new text beginand new text endthe unclassified state employees
retirement programdeleted text begin, and the judges retirement plandeleted text end are entitled to a postretirement
adjustment annually on January 1, as follows:

(1) new text beginfor each successive January 1, if the definition of funding stability under paragraph
(b) has not been met as of the prior July 1 for or with respect to the applicable retirement
plan,
new text enda postretirement increase of two percent must be applied each year, effective on
January 1, to the monthly annuity or benefit of each annuitant or benefit recipient who has
been receiving an annuity or a benefit for at least deleted text begin18deleted text end new text begin12new text end full months deleted text beginbefore the January 1
increase
deleted text endnew text begin as of the June 30new text endnew text begin of the calendar year immediately before the adjustmentnew text end; and

(2) new text beginfor each successive January 1, if the definition of funding stability under
paragraph (b) has not been met as of the prior July 1 for or with respect to the applicable
retirement plan,
new text endfor each annuitant or benefit recipient who has been receiving an annuity
or a benefit for at least deleted text beginsixdeleted text end new text beginone full month, but less than 12 new text endfull monthsnew text begin as of the June 30new text endnew text begin of
the calendar year immediately before the adjustment
new text end, an annual postretirement increase of
1/12 of two percent for each month that the person has been receiving an annuity or benefit
must be applieddeleted text begin, effective January 1, following the calendar year in which the person has
been retired for at least six months, but has been retired for less than 18 months
deleted text end.

(b) deleted text beginThe increases provided by this subdivision commence on January 1, 2011.
deleted text endIncreases under this subdivision for the general state employees retirement plandeleted text begin,deleted text end new text beginor new text endthe
correctional state employees retirement plandeleted text begin, or the judges retirement plandeleted text end terminate on
December 31 of the calendar year in which two prior consecutive actuarial valuations
prepared by the approved actuary under sections 356.214 and 356.215 and the standards for
actuarial work promulgated by the Legislative Commission on Pensions and Retirement
indicates that the market value of assets of the retirement plan equals or exceeds 90 percent
of the actuarial accrued liability of the retirement plan and increases under subdivision 1
recommence after that date. Increases under this subdivision for the legislators retirement
plan deleted text beginor the elected state officers retirement plandeleted text endnew text begin, including the constitutional officers, and
for the unclassified state employees retirement program,
new text end terminate on December 31 of the
calendar year in which deleted text beginthedeleted text end new text begintwo prior consecutive new text endactuarial deleted text beginvaluationdeleted text end new text beginvaluations new text endprepared
by the approved actuary under sections 356.214 and 356.215 and the standards for
actuarial work promulgated by the Legislative Commission on Pensions and Retirement
indicates that the market value of assets of the general state employees retirement plan
equals or exceeds 90 percent of the actuarial accrued liability of the retirement plan and
increases under subdivision 1 recommence after that date.

new text begin (c) After having met the definition of funding stability under paragraph (b), the
increase provided in paragraph (a), clauses (1) and (2), rather than an increase under
subdivision 1, for the general state employees retirement plan or the correctional state
employees retirement plan, is again to be applied in a subsequent year or years if the
market value of assets of the applicable plan equals or is less than:
new text end

new text begin (1) 85 percent of the actuarial accrued liabilities of the applicable plan for two
consecutive actuarial valuations; or
new text end

new text begin (2) 80 percent of the actuarial accrued liabilities of the applicable plan for the most
recent actuarial valuation.
new text end

new text begin (d) After having met the definition of funding stability under paragraph (b), the
increase provided in paragraph (a), clauses (1) and (2), rather than an increase under
subdivision 1, for the legislators retirement plan, including the constitutional officers,
and for the unclassified state employees retirement program, is again to be applied in a
subsequent year or years if the market value of assets of the general state employees
retirement plan equals or is less than:
new text end

new text begin (1) 85 percent of the actuarial accrued liabilities of the applicable plan for two
consecutive actuarial valuations; or
new text end

new text begin (2) 80 percent of the actuarial accrued liabilities of the applicable plan for the most
recent actuarial valuation.
new text end

deleted text begin (c)deleted text end new text begin(e) new text endAn increase in annuity or benefit payments under this subdivision must be
made automatically unless written notice is filed by the annuitant or benefit recipient
with the executive director of the applicable covered retirement plan requesting that the
increase not be made.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective June 30, 2015.
new text end

Sec. 6.

Minnesota Statutes 2014, section 356.415, subdivision 1b, is amended to read:


Subd. 1b.

Annual postretirement adjustments; PERA; general employees
retirement plan and local government correctional retirement plan.

(a) Retirement
annuity, disability benefit, or survivor benefit recipients of the general employees
retirement plan of the Public Employees Retirement Association and the local government
correctional service retirement plan are entitled to a postretirement adjustment annually
on January 1, as follows:

(1) for each successive January 1 until funding stability is restored for the applicable
retirement plan, a postretirement increase of one percent must be applied each year,
effective on January 1, to the monthly annuity or benefit amount of each annuitant or
benefit recipient who has been receiving an annuity or benefit for at least 12 full months as
of the deleted text begincurrentdeleted text end June 30new text begin of the calendar year immediately before the adjustmentnew text end;

(2) for each successive January 1 until funding stability is restored for the applicable
retirement plan, for each annuitant or benefit recipient who has been receiving an annuity
or a benefit for at least one full month, but less than 12 full months as of the deleted text begincurrentdeleted text end June
30new text begin of the calendar year immediately before the adjustmentnew text end, an annual postretirement
increase of 1/12 of one percent for each month the person has been receiving an annuity or
benefit must be applied;

(3) for each January 1 following the restoration of funding stability for the applicable
retirement plan, a postretirement increase of 2.5 percent must be applied each year,
effective January 1, to the monthly annuity or benefit amount of each annuitant or benefit
recipient who has been receiving an annuity or benefit for at least 12 full months as of the
deleted text begincurrentdeleted text end June 30new text begin of the calendar year immediately before the adjustmentnew text end; and

(4) for each January 1 following restoration of funding stability for the applicable
retirement plan, for each annuity or benefit recipient who has been receiving an annuity or
a benefit for at least one full month, but less than 12 full months as of the deleted text begincurrentdeleted text end June
30new text begin of the calendar year immediately before the adjustmentnew text end, an annual postretirement
increase of 1/12 of 2.5 percent for each month the person has been receiving an annuity or
benefit must be applied.

(b) Funding stability is restored when the market value of assets of the applicable
retirement plan equals or exceeds 90 percent of the actuarial accrued liabilities of the
applicable plan in the two most recent consecutive actuarial valuations prepared under
section 356.215 and the standards for actuarial work by the approved actuary retained by
the Public Employees Retirement Association under section 356.214.

(c) After having met the definition of funding stability under paragraph (b), the
increase provided in paragraph (a), clauses (1) and (2), rather than an increase under
subdivision 1, is again to be applied in a subsequent year or years if the market value of
assets of the applicable plan equals or is less than:

(1) 85 percent of the actuarial accrued liabilities of the applicable plan for two
consecutive actuarial valuations; or

(2) 80 percent of the actuarial accrued liabilities of the applicable plan for the most
recent actuarial valuation.

(d) An increase in annuity or benefit payments under this section must be made
automatically unless written notice is filed by the annuitant or benefit recipient with the
executive director of the Public Employees Retirement Association requesting that the
increase not be made.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective June 30, 2015.
new text end

Sec. 7.

Minnesota Statutes 2014, section 356.415, subdivision 1c, is amended to read:


Subd. 1c.

Annual postretirement adjustments; PERA-police and fire.

(a)
Retirement annuity, disability benefit, or survivor benefit recipients of the public
employees police and fire retirement plan are entitled to a postretirement adjustment
annually on January 1, deleted text beginuntildeleted text end new text beginif the definition of new text endfunding stability deleted text beginis restoreddeleted text endnew text begin under
paragraph (c) has not been met
new text end, as follows:

(1) for each annuitant or benefit recipient whose annuity or benefit effective date is
on or before June 1, 2014, who has been receiving the annuity or benefit for at least 12
full months as of the immediate preceding June 30, an amount equal to one percent in
each year; or

(2) for each annuitant or benefit recipient whose annuity or benefit effective date
is on or before June 1, 2014, who has been receiving the annuity or benefit for at least
one full month, but deleted text beginnotdeleted text end less than deleted text begin11deleted text end new text begin12 new text endmonths, as of the immediate preceding June 30, an
amount equal to 1/12 of one percent for each month of annuity or benefit receipt; and

(3) for each annuitant or benefit recipient whose annuity or benefit effective date is
after June 1, 2014, unless Laws 2014, chapter 296, article 13, section 27, applies, who will
have been receiving an annuity or benefit for at least 36 full months as of the immediate
preceding June 30, an amount equal to one percent; or

(4) for each annuitant or benefit recipient whose annuity or benefit effective date is
after June 1, 2014, unless Laws 2014, chapter 296, article 13, section 27, applies, who
has been receiving the annuity or benefit for at least 25 full months, but less than 36
months as of the immediate preceding June 30, an amount equal to 1/12 of one percent for
each full month of annuity or benefit receipt during the fiscal year in which the annuity
or benefit was effective.

(b) Retirement annuity, disability benefit, or survivor benefit recipients of the public
employees police and fire retirement plan are entitled to a postretirement adjustment
annually on each January 1 following the restoration of funding stability as defined under
paragraph (c) and during the continuation of funding stability as defined under paragraph
(c), as follows:

(1) for each annuitant or benefit recipient who has been receiving the annuity or
benefit for at least 36 full months as of the immediate preceding June 30, an amount
equal to deleted text beginthe percentage increase in the Consumer Price Index for urban wage earners and
clerical workers all items index published by the Bureau of Labor Statistics of the United
States Department of Labor between the immediate preceding June 30 and the June 30
occurring 12 months previous, but not to exceed
deleted text end 2.5 percent; and

(2) for each annuitant or benefit recipient who has been receiving the annuity
or benefit for at least 25 full months, but less than 36 full months, as of the immediate
preceding June 30, an amount equal to 1/12 of deleted text beginthe percentage increase in the Consumer
Price Index for urban wage earners and clerical workers all items index published by
the Bureau of Labor Statistics of the United States Department of Labor between the
immediate preceding June 30 and the June 30 occurring 12 months previous for each full
month of annuity or benefit receipt during the fiscal year in which the annuity or benefit
was effective, but not to exceed 1/12 of
deleted text end 2.5 percent for each full month of annuity or
benefit receipt during the fiscal year in which the annuity or benefit was effective.

(c) Funding stability is restored when the market value of assets of the public
employees police and fire retirement plan equals or exceeds 90 percent of the actuarial
accrued liabilities of the applicable plan in the two most recent consecutive actuarial
valuations prepared under section 356.215 and under the standards for actuarial work of
the Legislative Commission on Pensions and Retirement by the approved actuary retained
by the Public Employees Retirement Association under section 356.214.

(d) After having met the definition of funding stability under paragraph (c), a full
or prorated increase, as provided in paragraph (a), clause (1), (2), (3), or (4), whichever
applies, rather than adjustments under paragraph (b), is again applied in a subsequent year
or years if the market value of assets of the public employees police and fire retirement
plan equals or is less than:

(1) 85 percent of the actuarial accrued liabilities of the applicable plan for two
consecutive actuarial valuations; or

(2) 80 percent of the actuarial accrued liabilities of the applicable plan for the most
recent actuarial valuation.

(e) An increase in annuity or benefit payments under this section must be made
automatically unless written notice is filed by the annuitant or benefit recipient with the
executive director of the Public Employees Retirement Association requesting that the
increase not be made.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective June 30, 2015.
new text end

Sec. 8.

Minnesota Statutes 2014, section 356.415, subdivision 1d, is amended to read:


Subd. 1d.

Teachers Retirement Association annual postretirement adjustments.

(a) Retirement annuity, disability benefit, or survivor benefit recipients of the Teachers
Retirement Association are entitled to a postretirement adjustment annually on January
1, as follows:

deleted text begin (1) for January 1, 2011, and January 1, 2012, no postretirement increase is payable;
deleted text end

deleted text begin (2)deleted text endnew text begin (1)new text end for deleted text beginJanuary 1, 2013, anddeleted text end each successive January 1 until funding stability is
restored, a postretirement increase of two percent must be applied each year, effective on
January 1, to the monthly annuity or benefit amount of each annuitant or benefit recipient
who has been receiving an annuity or a benefit for at least deleted text begin18deleted text end new text begin12 new text endfull months deleted text beginprior to the
January 1 increase
deleted text endnew text begin as of the June 30new text endnew text begin of the calendar year immediately before the adjustmentnew text end;

deleted text begin (3)deleted text end new text begin(2) new text endfor deleted text beginJanuary 1, 2013, anddeleted text end each successive January 1 until funding stability
is restored, for each annuitant or benefit recipient who has been receiving an annuity or
a benefit for at least deleted text beginsixdeleted text end new text beginone full month, but less than 12 new text endfull months deleted text beginbefore the January
1 increase
deleted text endnew text begin as of the June 30new text endnew text begin of the calendar year immediately before the adjustmentnew text end, an
annual postretirement increase of 1/12 of two percent for each month the person has been
receiving an annuity or benefit must be applieddeleted text begin, effective January 1, for which the person
has been retired for at least six months but less than 18 months
deleted text end;

deleted text begin (4)deleted text end new text begin(3) new text endfor each January 1 following the restoration of funding stability, a
postretirement increase of 2.5 percent must be applied each year, effective January 1, to
the monthly annuity or benefit amount of each annuitant or benefit recipient who has been
receiving an annuity or a benefit for at least deleted text begin18deleted text end new text begin12 new text endfull months deleted text beginprior to the January 1
increase
deleted text endnew text begin as of the June 30new text endnew text begin of the calendar year immediately before the adjustmentnew text end; and

deleted text begin (5)deleted text end new text begin(4) new text endfor each January 1 following the restoration of funding stability, for each
annuitant or benefit recipient who has been receiving an annuity or a benefit for at least
deleted text beginsix deleted text endnew text beginone month, but less than 12 new text endfull months deleted text beginbefore the January 1 increasedeleted text endnew text begin as of the June
30
new text endnew text begin of the calendar year immediately before the adjustmentnew text end, an annual postretirement
increase of 1/12 of 2.5 percent for each month the person has been receiving an annuity or
benefit must be applieddeleted text begin, effective January 1, for which the person has been retired for at
least six months but less than 18 months
deleted text end.

(b) Funding stability is restored when the market value of assets of the Teachers
Retirement Association equals or exceeds 90 percent of the actuarial accrued liabilities
of the Teachers Retirement Association in the two most recent prior actuarial valuations
prepared under section 356.215 and the standards for actuarial work by the approved
actuary retained by the Teachers Retirement Association under section 356.214.

new text begin (c) After having met the definition of funding stability under paragraph (b), the
increase provided in paragraph (a), clauses (1) and (2), rather than an increase under
subdivision 1, or the increase under paragraph (a), clauses (3) and (4), is again to be applied
in a subsequent year or years if the market value of assets of the plan equals or is less than:
new text end

new text begin (1) 85 percent of the actuarial accrued liabilities of the plan for two consecutive
actuarial valuations; or
new text end

new text begin (2) 80 percent of the actuarial accrued liabilities of the plan for the most recent
actuarial valuation.
new text end

deleted text begin (c)deleted text end new text begin(d) new text endAn increase in annuity or benefit payments under this section must be made
automatically unless written notice is filed by the annuitant or benefit recipient with the
executive director of the Teachers Retirement Association requesting that the increase
not be made.

deleted text begin (d)deleted text end new text begin(e) new text endThe retirement annuity payable to a person who retires before becoming
eligible for Social Security benefits and who has elected the optional payment as provided
in section 354.35 must be treated as the sum of a period-certain retirement annuity
and a life retirement annuity for the purposes of any postretirement adjustment. The
period-certain retirement annuity plus the life retirement annuity must be the annuity
amount payable until age 62, 65, or normal retirement age, as selected by the member
at retirement, for an annuity amount payable under section 354.35. A postretirement
adjustment granted on the period-certain retirement annuity must terminate when the
period-certain retirement annuity terminates.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective June 30, 2015.
new text end

Sec. 9.

Minnesota Statutes 2014, section 356.415, subdivision 1e, is amended to read:


Subd. 1e.

Annual postretirement adjustments; State Patrol retirement plan.

(a) Retirement annuity, disability benefit, or survivor benefit recipients of the State Patrol
retirement plan are entitled to a postretirement adjustment annually on January 1new text begin if the
definition of funding stability under paragraph (b) has not been met
new text end, as follows:

(1) a postretirement increase of one percent must be applied each year, effective on
January 1, to the monthly annuity or benefit of each annuitant or benefit recipient who has
been receiving an annuity or a benefit for at least deleted text begin18deleted text end new text begin12 new text endfull months deleted text beginbefore the January 1
increase
deleted text endnew text begin as of the June 30new text endnew text begin of the calendar year immediately before the adjustmentnew text end; and

(2) for each annuitant or benefit recipient who has been receiving an annuity or a
benefit for at least deleted text beginsixdeleted text end new text beginone full month, but less than 12 new text endfull monthsnew text begin as of the June 30new text endnew text begin of the
calendar year immediately before the adjustment
new text end, an annual postretirement increase of
1/12 of one percent for each month that the person has been receiving an annuity or benefit
must be applieddeleted text begin, effective January 1, following the calendar year in which the person has
been retired for at least six months, but has been retired for less than 18 months
deleted text end.

(b) deleted text beginThe increases provided by this subdivision commence on January 1, 2014.
deleted text endIncreases under paragraph (a) for the State Patrol retirement plan terminate on December
31 of the calendar year in which two prior consecutive actuarial valuations new text beginfor the
plan
new text endprepared by the approved actuary under sections 356.214 and 356.215 and the
standards for actuarial work promulgated by the Legislative Commission on Pensions
and Retirement indicates that the market value of assets of the retirement plan equals or
exceeds 85 percent of the actuarial accrued liability of the retirement plannew text begin. Thereafter,
increases under paragraph (a) become effective again on the December 31 of the calendar
year in which the actuarial valuation, or prior consecutive actuarial valuations for the
plan prepared by the approved actuary under sections 356.214 and 356.215 and the
standards for actuarial work promulgated by the Legislative Commission on Pensions and
Retirement indicates that the market value of the assets of the retirement plan equals or is
less than 80 percent of the actuarial accrued liability of the retirement plan for two years,
or equals or is less than 75 percent of the actuarial accrued liability of the retirement plan
for one year
new text end and increases under paragraph (c) deleted text beginrecommencedeleted text end new text begincommence new text endafter that date.

(c) Retirement annuity, disability benefit, or survivor benefit recipients of the State
Patrol retirement plan are entitled to a postretirement adjustment annually on January
1, as follows:

(1) a postretirement increase of 1.5 percent must be applied each year, effective on
January 1, to the monthly annuity or benefit of each annuitant or benefit recipient who has
been receiving an annuity or a benefit for at least deleted text begin18deleted text end new text begin12 new text endfull months deleted text beginbefore the January 1
increase
deleted text endnew text begin as of the June 30new text endnew text begin of the calendar year immediately before the adjustmentnew text end; and

(2) for each annuitant or benefit recipient who has been receiving an annuity or a
benefit for at least deleted text beginsixdeleted text end new text beginone full month, but less than 12 new text endfull monthsnew text begin as of the June 30new text endnew text begin of the
calendar year immediately before the adjustment
new text end, an annual postretirement increase of
1/12 of 1.5 percent for each month that the person has been receiving an annuity or benefit
must be applieddeleted text begin, effective January 1, following the calendar year in which the person has
been retired for at least six months, but has been retired for less than 18 months
deleted text end.

(d) Increases under paragraph (c) for the State Patrol retirement plan terminate on
December 31 of the calendar year in which two prior consecutive actuarial valuations
prepared by the approved actuary under sections 356.214 and 356.215 and the standards
for actuarial work adopted by the Legislative Commission on Pensions and Retirement
indicates that the market value of assets of the retirement plan equals or exceeds 90
percent of the actuarial accrued liability of the retirement plan and increases under
subdivision 1 recommence after that date.

(e) An increase in annuity or benefit payments under this subdivision must be made
automatically unless written notice is filed by the annuitant or benefit recipient with the
executive director of the applicable covered retirement plan requesting that the increase
not be made.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective June 30, 2015.
new text end

Sec. 10.

Minnesota Statutes 2014, section 356.415, subdivision 1f, is amended to read:


Subd. 1f.

Annual postretirement adjustments; Minnesota State Retirement
System judges retirement plan.

(a) The increases provided under this subdivision begin
on January 1, 2014, and are in lieu of increases under subdivision 1 or 1a for retirement
annuity, disability benefit, or survivor benefit recipients of the judges retirement plan.

(b) Retirement annuity, disability benefit, or survivor benefit recipients of the
judges retirement plan are entitled to a postretirement adjustment annually on January
1, as follows:

(1) a postretirement increase of 1.75 percent must be applied each year, effective on
January 1, to the monthly annuity or benefit of each annuitant or benefit recipient who has
been receiving an annuity or a benefit for at least deleted text begin18deleted text end new text begin12 new text endfull months deleted text beginbefore the January 1
increase
deleted text endnew text begin as of the June 30new text endnew text begin of the calendar year immediately before the adjustmentnew text end; and

(2) for each annuitant or benefit recipient who has been receiving an annuity or a
benefit for at least deleted text beginsixdeleted text end new text beginone full month, but less than 12 new text endfull monthsnew text begin as of the June 30new text endnew text begin of
the calendar year immediately before the adjustment
new text end, an annual postretirement increase
of 1/12 of 1.75 percent for each month that the person has been receiving an annuity or
benefit must be applieddeleted text begin, effective January 1, following the calendar year in which the
person has been retired for at least six months, but has been retired for less than 18 months
deleted text end.

(c) Increases under this subdivision terminate on December 31 of the calendar year
in which two prior consecutive actuarial valuations prepared by the approved actuary
under sections 356.214 and 356.215 and the standards for actuarial work promulgated
by the Legislative Commission on Pensions and Retirement indicates that the market
value of assets of the judges retirement plan equals or exceeds 70 percent of the actuarial
accrued liability of the retirement plan. Increases under subdivision 1 or 1a, whichever is
applicable, begin on the January 1 next following that date.

(d) An increase in annuity or benefit payments under this subdivision must be made
automatically unless written notice is filed by the annuitant or benefit recipient with the
executive director of the applicable covered retirement plan requesting that the increase
not be made.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective June 30, 2015.
new text end

Sec. 11. new text begin REPEALER.
new text end

new text begin Minnesota Statutes 2014, section 354A.42, new text end new text begin is repealed.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective June 30, 2015.
new text end

ARTICLE 5

CONTRIBUTION STABILIZER PROVISION MODIFICATIONS

Section 1.

Minnesota Statutes 2014, section 352.045, is amended to read:


352.045 PROCEDURE FOR REVISING EMPLOYEE AND EMPLOYER
CONTRIBUTIONS IN CERTAIN INSTANCES.

Subdivision 1.

Application.

This section applies to the general state employees
retirement plan deleted text beginand todeleted text endnew text begin established under this chapter,new text end the correctional state employees
retirement plan new text beginestablished new text endunder this chapter, and deleted text begintodeleted text end the state patrol retirement plan
new text beginestablished new text endunder chapter 352B.

Subd. 2.

Determination.

For purposes of this section, a contribution sufficiency
exists if, for deleted text beginpurposes ofdeleted text end the applicable plan, the total of the employee contributions, the
employer contributions, and any additional employer contributions, if applicable, exceeds
the total of the normal cost, the administrative expenses, and the amortization contribution
of the retirement plan as reported in the most recent actuarial valuation of the retirement
plan prepared by the new text beginapproved new text endactuary retained under section 356.214 and prepared under
section 356.215 and the standards for actuarial work of the Legislative Commission on
Pensions and Retirement. For purposes of this section, a contribution deficiency exists
if, for the applicable plan, the total employee contributions, employer contributions,
and any additional employer contributions are less than the total of the normal cost, the
administrative expenses, and the amortization contribution of the retirement plan as
reported in the most recent actuarial valuation of the retirement plan prepared by the
new text beginapproved new text endactuary retained under section 356.214 and prepared under section 356.215 and
the standards for actuarial work of the Legislative Commission on Pensions and Retirement.

Subd. 3a.

Contribution rate revision; general state employees retirement plan.

(a) Notwithstanding the contribution rates deleted text beginstated in plan lawdeleted text endnew text begin as specified in law governing
the applicable retirement plan
new text end, the new text beginboard of directors of the Minnesota State Retirement
System may adjust the
new text endemployee and employer contribution rates for the general state
employees retirement plan deleted text beginmust be adjusted:
deleted text end

deleted text begin (1)deleted text end if the regular actuarial valuation of the plan new text beginprepared new text endunder section 356.215
indicates that there is a contribution sufficiency greater than one percent of covered payroll
deleted text beginand that the sufficiency has existed for at least two consecutive years, the employee and
employer contribution rates must be decreased as determined under paragraph (b) to a
level such that the sufficiency is no greater than one percent of covered payroll based
on the most recent actuarial valuation;
deleted text end or

deleted text begin (2) if the regular actuarial valuation of the plan under section 356.215 indicatesdeleted text end that
there is a contribution deficiency new text beginunder subdivision 2 new text endequal to or greater than deleted text begin0.5deleted text end new text beginone-half
of one
new text endpercent of covered payroll deleted text beginand that the deficiency has existed for at least two
consecutive years, the employee and employer contribution rates must be increased as
determined under paragraph (c) to a level such that no deficiency exists based on the
most recent actuarial valuation
deleted text end.

(b) If the actuarially deleted text beginrequireddeleted text end new text begindetermined new text endcontribution of the plan is less than the
total support provided by the combined employee and employer contribution rates by
more than one percent of covered payroll, the plan employee and employer contribution
rates deleted text beginmustdeleted text end new text beginmay new text endbe decreased incrementally over one or more years deleted text beginby no more than
0.25 percent of pay each for employee and employer contribution rates
deleted text end to a level such
that there remains a contribution sufficiency of at least one percent of covered payroll.
deleted text beginNo contribution ratedeleted text end new text beginAny new text enddecrease deleted text beginmay be made until at least two years have elapsed
since any adjustment under this paragraph has been fully implemented
deleted text endnew text begin in employee and
employer contribution rates must not result in total contributions that are less than the sum
of the normal cost and administrative expenses of the retirement plan
new text end.

(c) If the actuarially required contribution exceeds the total support provided by
the employee and employer contribution rates, new text beginthe board of directors may increase new text endthe
employee and employer contribution rates deleted text beginmust be increaseddeleted text end equally to eliminate that
contribution deficiency. deleted text beginIf the contribution deficiency is:
deleted text end

deleted text begin (1) less than two percent, the incremental increase may be up to 0.25 percent each
for the employee and employer contribution rates;
deleted text end

deleted text begin (2) greater than 1.99 percent and less than 4.01 percent, the incremental increase
may be up to 0.5 percent each for the employee and employer contribution rates; or
deleted text end

deleted text begin (3) greater than four percent, the incremental increase may be up to 0.75 percent
each for the employee and employer contribution.
deleted text end

(d) new text beginTo determine if an adjustment is to be made, the board of directors shall consult
with the approved actuary retained under section 356.214 and shall take into consideration
factors that include, but are not limited to, the contribution rates calculated based on the
actuarial value of assets and calculated based on the market value of assets; the funded
ratio calculated based on the actuarial value of assets; the funded ratio calculated based on
the market value of assets; the remaining number of years to the amortization target date;
the recent experience of the investment markets; and the results of the 30-year funding,
disbursements, and contribution projections prepared every other year as required under
the standards for actuarial work adopted by the Legislative Commission on Pensions
and Retirement.
new text end

new text begin (e) new text endAny deleted text beginrecommendeddeleted text end adjustment to the contribution rates must be reported to
the chair and the executive director of the Legislative Commission on Pensions and
Retirement by January 15 following receipt of the most recent annual actuarial valuation
prepared under section 356.215. The report must include draft legislation to revise the
employee and employer contributions stated in plan law. If the Legislative Commission
on Pensions and Retirement does not recommend against the rate change or does not
recommend a modification in the rate change, the deleted text beginrecommendeddeleted text end adjustment becomes
effective on the first day of the first full payroll period in the fiscal year following receipt
of the most recent actuarial valuation that gave rise to the adjustment.

deleted text begin (e)deleted text end new text begin(f) new text endA contribution sufficiency of up to one percent of covered payroll must be
held in reserve to be used to offset any future actuarially deleted text beginrequireddeleted text end new text begindetermined new text endcontributions
that are more than the total combined employee and employer contributions.

deleted text begin (f)deleted text end new text begin(g) new text endBefore any reduction in contributions to eliminate a sufficiency in excess of
one percent of covered pay may be deleted text beginrecommendeddeleted text endnew text begin madenew text end, the executive director must
review any need for a change in actuarial assumptions, as recommended by the new text beginapproved
new text endactuary retained under section 356.214 in the most recent experience study of the general
employees retirement plan prepared under section 356.215 and the standards for actuarial
work promulgated by the Legislative Commission on Pensions and Retirement that may
result in an increase in the actuarially deleted text beginrequireddeleted text end new text begindetermined new text endcontribution and must report to
the Legislative Commission on Pensions and Retirement any deleted text beginrecommendationdeleted text end new text begindecision
new text endby the board to use the sufficiency exceeding one percent of covered payroll to offset the
impact of an actuarial assumption change recommended by the actuary retained under
section 356.214, subdivision 1, and reviewed by the actuary retained by the commission
under section 356.214, subdivision 4.

deleted text begin (g)deleted text end new text begin(h) new text endNo contribution sufficiency in excess of one percent of covered pay may be
proposed to be used to increase benefits, and no benefit increase may be proposed that
would initiate an deleted text beginautomaticdeleted text end adjustment to increase contributions under this subdivision.
Any proposed benefit improvement must include a recommendation, prepared by the
new text beginapproved new text endactuary retained under section 356.214, subdivision 1, and reviewed by the
actuary retained by the Legislative Commission on Pensions and Retirement as provided
under section 356.214, subdivision 4, on how the benefit modification will be funded.

Subd. 3b.

Contribution rate revision; correctional state employees retirement
plan and State Patrol retirement plan.

(a) Subdivision 3a applies to the correctional
state employees retirement plan under this chapter and to the State Patrol retirement
plan established under chapter 352B, except as deleted text beginstated in this subdivisiondeleted text endnew text begin specified in
paragraph (b) or (c)
new text end.

(b) Any limitations on the amount of contribution rate changes stated in subdivision
3a apply only to the amount of the employee contribution revision. The employer
contribution for the correctional state employees retirement plan or the State Patrol
retirement plan, whichever is applicable, must be adjusted so that the employer
contribution is equal to 60 percent of the sum of employee plus employer contributions.

(c) For the State Patrol retirement plan, a contribution sufficiency of up to two
percent of covered payroll, rather than one percent, may be held in reserves without taking
action to reduce employee and employer contributions.

Sec. 2.

Minnesota Statutes 2014, section 353.27, subdivision 3b, is amended to read:


Subd. 3b.

Change in employee and employer contributions in certain instances.

(a) For purposes of this section:

(1) a contribution sufficiency exists if the total of the employee contribution under
subdivision 2, the employer contribution under subdivision 3, the additional employer
contribution under subdivision 3a, and any additional contribution previously imposed
under this subdivision exceeds the total of the normal cost, the administrative expenses,
and the amortization contribution of the general employees retirement plan as reported in
the most recent actuarial valuation of the retirement plan prepared by the actuary retained
under section 356.214 and prepared under section 356.215 and the standards for actuarial
work of the Legislative Commission on Pensions and Retirement; and

(2) a contribution deficiency exists if the total of the employee contributions under
subdivision 2, the employer contributions under subdivision 3, the additional employer
contribution under subdivision 3a, and any additional contribution previously imposed
under this subdivision is less than the total of the normal cost, the administrative expenses,
and the amortization contribution of the general employees retirement plan as reported in
the most recent actuarial valuation of the retirement plan prepared by the actuary retained
under section 356.214 and prepared under section 356.215 and the standards for actuarial
work of the Legislative Commission on Pensions and Retirement.

(b) new text beginNotwithstanding the contribution rate provision specified under subdivisions 2,
3, and 3a, the board of trustees of the Public Employees Retirement Association may
adjust the
new text endemployee and employer contributions to the general employees retirement plan
under subdivisions 2 and 3 deleted text beginmust be adjusted:
deleted text end

deleted text begin (1)deleted text end if the regular actuarial valuation of the general employees retirement plan of
the Public Employees Retirement Association new text beginprepared new text endunder section 356.215 indicates
that there is a contribution sufficiency under paragraph (a) greater than one percent of
covered payroll deleted text beginand that the sufficiency has existed for at least two consecutive years, the
coordinated program employee and employer contribution rates must be decreased as
determined under paragraph (c) to a level such that the sufficiency is no greater than one
percent of covered payroll based on the most recent actuarial valuation;
deleted text end or

deleted text begin (2) if the regular actuarial valuation of the general employees retirement plan of the
Public Employees Retirement Association under section 356.215 indicates
deleted text end that there
is a contribution deficiency new text beginunder paragraph (a) new text endequal to or greater than deleted text begin0.5deleted text end new text beginone-half
of one
new text endpercent of covered payroll deleted text beginand that the deficiency has existed for at least two
consecutive years, the coordinated program employee and employer contribution rates
must be increased as determined under paragraph (d) to a level such that no deficiency
exists based on the most recent actuarial valuation
deleted text end.

(c) If the actuarially deleted text beginrequireddeleted text end new text begindetermined new text endcontribution of the general employees
retirement plan is less than the total support provided by the combined employee and
employer contribution rates under subdivisions 2, 3, and 3a, by more than one percent of
covered payroll, the general employees retirement plan coordinated program employee
and employer contribution rates under subdivisions 2 and 3 deleted text beginmustdeleted text end new text beginmay new text endbe decreased
deleted text beginincrementallydeleted text end over one or more years deleted text beginby no more than 0.25 percent of pay each for
employee and employer matching contribution rates
deleted text end to a level such that there remains a
contribution sufficiency of at least one percent of covered payroll. deleted text beginNo contribution rate
decrease may be made until at least two years have elapsed since any adjustment under
this subdivision has been fully implemented.
deleted text endnew text begin Any decrease in employee and employer
contribution rates must not result in total contributions that are less than the total of the
normal cost of the retirement plan and the administrative expenses of the retirement plan.
new text end

(d) If the actuarially deleted text beginrequireddeleted text end new text begindetermined new text endcontribution exceeds the total support
provided by the combined employee and employer contribution rates under subdivisions
2, 3, and 3a, the new text beginboard of trustees may increase the new text endemployee and matching employer
contribution rates deleted text beginmust be increased equallydeleted text end to eliminate that contribution deficiency.
deleted text beginIf the contribution deficiency is:
deleted text end

deleted text begin (1) less than two percent, the incremental increase may be up to 0.25 percent for the
general employees retirement plan employee and matching employer contribution rates;
deleted text end

deleted text begin (2) greater than 1.99 percent and less than 4.01 percent, the incremental increase
may be up to 0.5 percent for the employee and matching employer contribution rates; or
deleted text end

deleted text begin (3) greater than four percent, the incremental increase may be up to 0.75 percent for
the employee and matching employer contribution.
deleted text end

(e) deleted text beginThe general employees retirement plan contribution sufficiency or deficiency
determination under paragraphs (a) to (d) must be made without the inclusion of the
contributions to, the funded condition of, or the actuarial funding requirements of the
MERF division.
deleted text endnew text begin To determine if an adjustment is to be made, the board of trustees shall
consult with the approved actuary retained under section 356.214 and shall take into
consideration factors that include, but are not limited to, the contribution rates based on
actuarial value of assets and contribution rates based on the market value of assets; the
funded ratio based on the actuarial value of assets and based on the market value of assets;
the number of years remaining to the amortization target date; the recent experience
of the investment markets; and the results of the 30-year funding, disbursements, and
contributions projections prepared every other year as required under the standards for
actuarial work adopted by the Legislative Commission on Pensions and Retirement.
new text end

(f) Any deleted text beginrecommendeddeleted text end adjustment to the contribution rates must be reported to
the chair and the executive director of the Legislative Commission on Pensions and
Retirement by January 15 following the receipt of the most recent annual actuarial
valuation prepared under section 356.215. If the Legislative Commission on Pensions
and Retirement does not recommend against the rate change or does not recommend
a modification in the rate change, the recommended adjustment becomes effective for
any salary paid on or after the January 1 next following the legislative session in which
the Legislative Commission on Pensions and Retirement did not take any action to
disapprove or modify the Public Employees Retirement Association Board of Trustees'
deleted text beginrecommendation to adjustdeleted text end new text beginadjustment to new text endthe employee and employer rates.

(g) A contribution sufficiency of up to one percent of covered payroll must be held
in reserve to be used to offset any future actuarially deleted text beginrequireddeleted text end new text begindetermined new text endcontributions
that are more than the total combined employee and employer contributions under
subdivisions 2, 3, and 3a.

(h) Before any reduction in contributions to eliminate a sufficiency in excess of one
percent of covered pay may be deleted text beginrecommendeddeleted text endnew text begin madenew text end, the executive director must review
any need for a change in actuarial assumptions, as recommended by the actuary retained
under section 356.214 in the most recent experience study of the general employees
retirement plan prepared under section 356.215 and the standards for actuarial work
promulgated by the Legislative Commission on Pensions and Retirement that may result
in an increase in the actuarially deleted text beginrequireddeleted text end new text begindetermined new text endcontribution and must report to the
Legislative Commission on Pensions and Retirement any deleted text beginrecommendationdeleted text end new text begindecision new text endby the
board to use the sufficiency exceeding one percent of covered payroll to offset the impact
of an actuarial assumption change recommended by the actuary retained under section
356.214, subdivision 1, and reviewed by the actuary retained by the commission under
section 356.214, subdivision 4.

(i) No contribution sufficiency in excess of one percent of covered pay may be
proposed to be used to increase benefits, and no benefit increase may be proposed that
would initiate an deleted text beginautomaticdeleted text end adjustment to increase contributions under this subdivision.
Any proposed benefit improvement must include a recommendation, prepared by the
new text beginapproved new text endactuary retained under section 356.214, subdivision 1, and reviewed by the
actuary retained by the Legislative Commission on Pensions and Retirement as provided
under section 356.214, subdivision 4, on how the benefit modification will be funded.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end

Sec. 3.

Minnesota Statutes 2014, section 354.42, subdivision 4b, is amended to read:


Subd. 4b.

Contribution rate revision.

new text begin(a) new text endNotwithstanding the contribution rate
provisions under subdivisions 2 and 3, thenew text begin Board of Trustees of the Teachers Retirement
Association may adjust the
new text end employee and employer contribution rates deleted text beginmay be adjusted
as follows:
deleted text end

deleted text begin (1)deleted text end ifdeleted text begin, after June 30, 2015,deleted text end the regular actuarial valuation of the plan under section
356.215 indicates that there is a contribution sufficiency under subdivision 4a equal to or
greater than one percent of covered payroll deleted text beginand the sufficiency has existed for at least two
consecutive years, the employee and employer contribution rates for the plan may each be
decreased to a level such that the sufficiency equals no more than one percent of covered
payroll based on the most recent actuarial valuation;
deleted text end or

deleted text begin (2)deleted text end ifdeleted text begin, after June 30, 2015,deleted text end the regular valuation of the plan under section 356.215
indicates that there is a deficiency equal to or greater than deleted text begin0.25deleted text endnew text begin one-half of onenew text end percent
of covered payroll deleted text beginand the deficiency has existed for at least two consecutive years, the
employee and employer contribution rates for the applicable plan may each be increased by:
deleted text end

deleted text begin (i) 0.25 percent if the deficiency is less than two percent of covered payroll;
deleted text end

deleted text begin (ii) 0.5 percent if the deficiency is equal to or greater than two percent of covered
payroll and less than or equal to four percent; and
deleted text end

deleted text begin (iii) 0.75 percent if the deficiency is greater than four percentdeleted text end.new text begin Any decrease in
employee and employer contribution rates must not result in the total of contribution rates
that is less than the total of normal cost and administrative expenses.
new text end

new text begin (b) To determine if an adjustment is to be made, the board of trustees shall consult
with the approved actuary retained under section 356.214 and shall take into consideration
factors that include, but are not limited to, the contribution rates based on actuarial value of
assets and contribution rates based on the market value of assets; the funded ratio based on
the actuarial value of assets and based on the market value of assets; the number of years
remaining to the amortization target date; the recent experience of the investment markets;
and the results of the 30-year funding, disbursements, and contributions projections
prepared every other year as required under the standards for actuarial work adopted by
the Legislative Commission on Pensions and Retirement.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective July 1, 2015.
new text end

Sec. 4.

Minnesota Statutes 2014, section 354.42, subdivision 4d, is amended to read:


Subd. 4d.

Reporting; commission review.

A contribution rate increase or decrease
new text beginmade new text endunder subdivision 4bdeleted text begin, as determined by the executive director of the Teachers
Retirement Association,
deleted text end must be reported to the chair and the executive director of the
Legislative Commission on Pensions and Retirement on or before the next February 1 and,
if the Legislative Commission on Pensions and Retirement does not recommend against the
rate change or does not recommend a modification in the rate change, is effective on the next
July 1 following the determination deleted text beginby the executive directordeleted text end that a contribution deficiency
or sufficiency exists based on the most recent actuarial valuation under section 356.215.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective July 1, 2015.
new text end

ARTICLE 6

POLICE AND FIREFIGHTER RETIREMENT SUPPLEMENTAL STATE AID

Section 1.

Minnesota Statutes 2014, section 423A.022, subdivision 5, is amended to
read:


Subd. 5.

Aid termination.

new text begin(a) new text endThe aid deleted text beginprogramdeleted text end under deleted text beginthis sectiondeleted text end new text beginsubdivision 2,
paragraph (a), clauses (1) and (3),
new text endends on the December 1 next following the actuarial
valuation date on which the assets of the retirement plan on a market value basis equals
or exceeds 90 percent of the total actuarial accrued liabilities of the retirement plan as
disclosed in an actuarial valuation prepared under section 356.215 and the Standards for
Actuarial Work promulgated by the Legislative Commission on Pensions and Retirement,
for the State Patrol retirement plan or the public employees police and fire retirement
plan, whichever occurs last.

new text begin (b) The aid under subdivision 2, paragraph (a), clause (2), does not terminate.
new text end

ARTICLE 7

STATEWIDE VOLUNTEER FIREFIGHTER RETIREMENT PLAN LUMP
SUM RETIREMENT DIVISION MODIFICATIONS

Section 1.

Minnesota Statutes 2014, section 353G.09, subdivision 3, is amended to read:


Subd. 3.

Alternative pension eligibility and computation.

(a) An active member
of the retirement plan is entitled to an alternative lump-sum service pension from the
retirement plan if the person:

(1) has separated from active service with the fire department for at least 30 days;

(2) has attained the age of at least 50 years or the age for receipt of a service pension
under the benefit plan of the applicable former volunteer firefighters relief association as
of the date immediately deleted text beginprior todeleted text end new text beginbefore new text endthe election of the retirement coverage change,
whichever is later;

(3) has completed at least five years of active service with the fire department and at
least five years in total as a member of the applicable former volunteer firefighters relief
association or of the retirement plan, but has not rendered at least five years of good time
service credit as a member of the retirement plan; and

(4) applies in a manner prescribed by the executive director for the service pension.

(b) If retirement coverage deleted text beginprior todeleted text end new text beginbefore new text endstatewide retirement plan coverage was
provided by a defined benefit plan volunteer firefighters relief association, the alternative
lump-sum service pension is the service pension amount specified in the bylaws of the
applicable former volunteer firefighters relief association either as of the date immediately
deleted text beginprior todeleted text end new text beginbefore new text endthe election of the retirement coverage change or as of the date immediately
before the termination of firefighting services, whichever is earlier, multiplied by the total
number of years of service as a member of that volunteer firefighters relief association
and as a member of the retirement plan. If retirement coverage deleted text beginprior todeleted text end new text beginbefore new text endstatewide
retirement plan coverage was provided by a defined contribution plan volunteer firefighters
relief association, the alternative lump-sum service pension is an amount equal to new text beginthat
portion of
new text endthe person's account balance new text beginthat the person was vested for new text endas of the date
immediately deleted text beginprior todeleted text end new text beginbefore new text endthe date on which statewide retirement plan coverage was first
provided to the person plus six percent annual compound interest from that date until the
date immediately deleted text beginprior todeleted text end new text beginbefore new text endthe date of retirement.

Sec. 2.

Minnesota Statutes 2014, section 353G.11, subdivision 1, is amended to read:


Subdivision 1.

new text beginService pension new text endlevels.

new text beginExcept as provided in subdivision 1a, new text endthe
retirement plan provides the following levels of service pension amounts new text beginper full year of
good time service credit
new text endto be selected at the election of coveragedeleted text begin, or, if fully funded,
thereafter
deleted text end:

deleted text begin Level A
deleted text end
deleted text begin $500 per year of good time service credit
deleted text end
deleted text begin Level B
deleted text end
deleted text begin $600 per year of good time service credit
deleted text end
deleted text begin Level C
deleted text end
deleted text begin $700 per year of good time service credit
deleted text end
deleted text begin Level D
deleted text end
deleted text begin $800 per year of good time service credit
deleted text end
deleted text begin Level E
deleted text end
deleted text begin $900 per year of good time service credit
deleted text end
deleted text begin Level F
deleted text end
deleted text begin $1,000 per year of good time service credit
deleted text end
deleted text begin Level G
deleted text end
deleted text begin $1,250 per year of good time service credit
deleted text end
deleted text begin Level H
deleted text end
deleted text begin $1,500 per year of good time service credit
deleted text end
deleted text begin Level I
deleted text end
deleted text begin $2,000 per year of good time service credit
deleted text end
deleted text begin Level J
deleted text end
deleted text begin $2,500 per year of good time service credit
deleted text end
deleted text begin Level K
deleted text end
deleted text begin $3,000 per year of good time service credit
deleted text end
deleted text begin Level L
deleted text end
deleted text begin $3,500 per year of good time service credit
deleted text end
deleted text begin Level M
deleted text end
deleted text begin $4,000 per year of good time service credit
deleted text end
deleted text begin Level N
deleted text end
deleted text begin $4,500 per year of good time service credit
deleted text end
deleted text begin Level O
deleted text end
deleted text begin $5,000 per year of good time service credit
deleted text end
deleted text begin Level P
deleted text end
deleted text begin $5,500 per year of good time service credit
deleted text end
deleted text begin Level Q
deleted text end
deleted text begin $6,000 per year of good time service credit
deleted text end
deleted text begin Level R
deleted text end
deleted text begin $6,500 per year of good time service credit
deleted text end
deleted text begin Level S
deleted text end
deleted text begin $7,000 per year of good time service credit
deleted text end
deleted text begin Level T
deleted text end
deleted text begin $7,500 per year of good time service credit
deleted text end

new text begin (1) a minimum service pension level of $500 per year;
new text end

new text begin (2) a maximum service pension level of $7,500 per year; and
new text end

new text begin (3) 69 service pension levels between the minimum level and the maximum level
in $100 increments.
new text end

Sec. 3.

Minnesota Statutes 2014, section 353G.11, subdivision 1a, is amended to read:


Subd. 1a.

Continuation of prior service pension levels.

new text begin(a) new text endIf a municipality or
independent nonprofit firefighting corporation elects to be covered by the retirement plan
deleted text beginprior todeleted text end new text beginbefore new text endJanuary 1, 2010, and selects the $750 per year of good time service credit
service pension amount effective for January 1, 2010, that level continues for the volunteer
firefighters of that municipality or independent nonprofit firefighting corporation until a
different service pension amount is selected under subdivision 2 after January 1, 2010.

new text begin (b) If a municipality or independent nonprofit firefighting corporation elected to be
covered by the retirement plan before January 1, 2015, and selected a service pension
level under subdivision 1, other than a good time service credit service pension amount
under subdivision 1, that level continues for the volunteer firefighters of the municipality
or independent nonprofit firefighting corporation until a different service pension amount
is selected under subdivision 2 after January 1, 2014.
new text end

Sec. 4.

Minnesota Statutes 2014, section 353G.11, subdivision 2, is amended to read:


Subd. 2.

Level selection.

deleted text beginAt the time ofdeleted text end new text beginAfter new text endthe deleted text beginelection todeleted text end transfer new text beginof new text endretirement
coveragedeleted text begin, or on April 30 thereafterdeleted text endnew text begin to the retirement plannew text end, the governing body or bodies of
the entity or entities operating the fire department whose firefighters are covered by the
retirement plan may request a cost estimate from the executive director of an increase in
the service pension level applicable to the active firefighters of the fire department. Within
deleted text begin90deleted text end new text begin120 new text enddays of the receipt of the cost estimate prepared by the executive director using a
procedure certified as accurate by the approved actuary retained by the Public Employees
Retirement Association, the governing body or bodies may approve the service pension
level change, effective for new text beginJanuary 1 of new text endthe following calendar yearnew text begin unless the governing
body or bodies specify in the approved document an effective date as the January 1 of the
second year following the level increase approval. If the approval occurs after April 30,
the required municipal contribution for the following calendar year must be recalculated
and the results reported to the municipality or municipalities
new text end. If not approved in a timely
fashion, the service pension level change is considered to have been disapproved.

Sec. 5.

Minnesota Statutes 2014, section 353G.11, subdivision 4, is amended to read:


Subd. 4.

Ancillary benefits.

new text beginExcept as provided under section 353G.115, new text endno
disability, death, funeral, or other ancillary benefit beyond a service pension or a survivor
benefit is payable from the retirement plan.

Sec. 6.

Minnesota Statutes 2014, section 353G.13, subdivision 1, is amended to read:


Subdivision 1.

Eligibility.

An active firefighter who is a member of the retirement
plan who also renders firefighting service and has good time service credit in the
retirement plan from another fire department, if the new text beginnumber of years of new text endgood time service
credit in the plan from a combination of new text beginnonconcurrent new text endperiods totals at least five years,
is eligible, upon complying with the other requirements of section 353G.09, to receive
a service pension upon filing an application in the manner prescribed by the executive
director, computed as provided in subdivision 2.

Sec. 7.

Minnesota Statutes 2014, section 353G.13, subdivision 2, is amended to read:


Subd. 2.

Combined service pension computation.

The service pension payable to
a firefighter who qualifies under subdivision 1 is the per year of good time service credit
service pension amount in effect for each account in which the firefighter has new text beginone or more
years of
new text endgood time service credit as of the date on which the firefighter terminated active
service with the fire department associated with the applicable account, multiplied by
the number of years of good time service credit that the firefighter has in the applicable
accountnew text begin and adjusted for the vesting percentage based on the total number of years of good
time service covered in the applicable accounts
new text end.

Sec. 8. new text beginEFFECTIVE DATE.
new text end

new text begin Unless otherwise specified, this article is effective July 1, 2015.
new text end

ARTICLE 8

STATEWIDE VOLUNTEER FIREFIGHTER RETIREMENT PLAN MONTHLY
BENEFIT RETIREMENT DIVISION CREATION

Section 1.

Minnesota Statutes 2014, section 11A.17, subdivision 2, is amended to read:


Subd. 2.

Assets.

(a) The assets of the supplemental investment fund consist of the
money certified and transmitted to the state board from the participating public retirement
plans and funds and from the voluntary statewide deleted text beginlump-sumdeleted text end volunteer firefighter
retirement plan under section 353G.08.

(b) With the exception of the assets of the voluntary statewide deleted text beginlump-sumdeleted text end volunteer
firefighter retirement fund, the assets must be used to purchase investment shares in
the investment accounts as specified by the plan or fund. The assets of the voluntary
statewide deleted text beginlump-sumdeleted text end volunteer firefighter retirement fund must be invested in the volunteer
firefighter account.

(c) These accounts must be valued at least on a monthly basis but may be valued
more frequently as determined by the State Board of Investment.

Sec. 2.

Minnesota Statutes 2014, section 353G.01, subdivision 6, is amended to read:


Subd. 6.

Fund.

"Fund" means the voluntary statewide deleted text beginlump-sumdeleted text end volunteer
firefighter retirement fund established under section 353G.02, subdivision 3.

Sec. 3.

Minnesota Statutes 2014, section 353G.01, subdivision 7, is amended to read:


Subd. 7.

Good time service credit.

"Good time service credit" means the length of
service credit for an active firefighter that is reported by the applicable fire chief based
on the minimum firefighter activity standards of the fire department. The credit may be
deleted text beginrecognizeddeleted text end new text beginreported new text endon an annual or monthly basis.

Sec. 4.

Minnesota Statutes 2014, section 353G.01, is amended by adding a subdivision
to read:


new text begin Subd. 7a. new text end

new text begin Lump-sum account. new text end

new text begin "Lump-sum account" means that portion of the
retirement fund that contains the assets applicable to the lump-sum retirement division.
new text end

Sec. 5.

Minnesota Statutes 2014, section 353G.01, is amended by adding a subdivision
to read:


new text begin Subd. 7b. new text end

new text begin Lump-sum retirement division. new text end

new text begin "Lump-sum retirement division" means
the division of the plan governed by section 353G.11.
new text end

Sec. 6.

Minnesota Statutes 2014, section 353G.01, is amended by adding a subdivision
to read:


new text begin Subd. 8a. new text end

new text begin Monthly benefit account. new text end

new text begin "Monthly benefit account" means that portion
of the retirement fund that contains the assets applicable to the monthly benefit retirement
division.
new text end

Sec. 7.

Minnesota Statutes 2014, section 353G.01, is amended by adding a subdivision
to read:


new text begin Subd. 8b. new text end

new text begin Monthly benefit retirement division. new text end

new text begin "Monthly benefit retirement
division" means the division of the plan governed by section 353G.113.
new text end

Sec. 8.

Minnesota Statutes 2014, section 353G.01, is amended by adding a subdivision
to read:


new text begin Subd. 10a. new text end

new text begin Retirement benefit plan document. new text end

new text begin "Retirement benefit plan
document", for an account in the monthly benefit retirement division, means the articles of
incorporation and bylaws of the prior former volunteer firefighters relief association in
effect on the day before the date on which the retirement coverage transfer under section
353G.05 occurred or as provided in the most recent modification under section 353G.121.
new text end

Sec. 9.

Minnesota Statutes 2014, section 353G.01, subdivision 11, is amended to read:


Subd. 11.

Retirement fund.

"Retirement fund" means the voluntary statewide
deleted text beginlump-sumdeleted text end volunteer firefighter retirement fund established under section 353G.02,
subdivision 3.

Sec. 10.

Minnesota Statutes 2014, section 353G.01, subdivision 12, is amended to read:


Subd. 12.

Retirement plan.

"Retirement plan" means the retirement plannew text begin, either
the lump-sum retirement division or the monthly benefit retirement division,
new text end established
by this chapter.

Sec. 11.

Minnesota Statutes 2014, section 353G.02, is amended to read:


353G.02 PLAN AND FUND CREATION.

Subdivision 1.

Retirement plan.

The voluntary statewide deleted text beginlump-sumdeleted text end volunteer
firefighter retirement plannew text begin, consisting of a lump-sum retirement division and a monthly
benefit retirement division,
new text end is created.

Subd. 2.

Administration.

The policy-making, management, and administrative
functions related to the voluntary statewide deleted text beginlump-sumdeleted text end volunteer firefighter retirement
plan and fund are vested in the board of trustees and the executive director of the Public
Employees Retirement Association. Their duties, authority, and responsibilities are as
provided in section 353.03. Fiduciary activities of the plan and fund must be undertaken
in a manner consistent with chapter 356A.

Subd. 3.

Retirement fund.

(a) The voluntary statewide deleted text beginlump-sumdeleted text end volunteer
firefighter retirement fundnew text begin, consisting of a lump-sum account and a monthly benefit
account,
new text end is created. The fund contains the assets attributable to the voluntary statewide
deleted text beginlump-sumdeleted text end volunteer firefighter retirement plan.

(b) The State Board of Investment shall invest those portions of the retirement
fund not required for immediate purposes in the voluntary statewide lump-sum volunteer
firefighter retirement plan in the statewide deleted text beginlump-sumdeleted text end volunteer firefighter account of the
Minnesota supplemental investment fund under section 11A.17.

(c) The commissioner of management and budget is the ex officio treasurer of the
voluntary statewide deleted text beginlump-sumdeleted text end volunteer firefighter retirement fund. The commissioner of
management and budget's general bond to the state covers all liability for actions taken as
the treasurer of the retirement fund.

(d) The revenues of the retirement plan beyond investment returns are governed by
section 353G.08 and must be deposited in the retirement fund. The disbursements of the
retirement plan are governed by section 353G.08. The commissioner of management and
budget shall transmit a detailed statement showing all credits to and disbursements from
the retirement fund to the executive director monthly.

Subd. 4.

Audit; actuarial valuation.

(a) The legislative auditor shall periodically
audit the voluntary statewide deleted text beginlump-sumdeleted text end volunteer firefighter retirement fund.

(b) An actuarial valuation of the new text beginlump-sum retirement division of the new text endvoluntary
statewide deleted text beginlump-sumdeleted text end volunteer firefighter retirement plan may be performed periodically as
determined to be appropriate or useful by the board. new text beginAn actuarial valuation of the monthly
benefit retirement division of the voluntary statewide volunteer firefighter retirement plan
must be performed as frequently as required by government sector generally accepted
accounting standards.
new text endAn actuarial valuation must be performed by the approved
actuary retained under section 356.214 and must conform with section 356.215 and the
standards for actuarial work. An actuarial valuation must contain sufficient detail for each
participating employing entity to ascertain the actuarial condition of its account in the
fund and the contribution requirement towards its account.

Subd. 5.

Legal advisor; attorney general.

(a) The legal advisor of the board
and the executive director with respect to the voluntary statewide deleted text beginlump-sumdeleted text end volunteer
firefighter retirement plan is the attorney general.

(b) The board may sue, petition, be sued, or be petitioned under this chapter with
respect to the plan or the fund in the name of the board.

(c) The attorney general shall represent the board in all actions by the board or
against the board with respect to the plan or the fund.

(d) Venue of all actions related to the plan or fund is in the court for the first judicial
district unless the action is an appeal to the Court of Appeals under section 356.96.

new text begin Subd. 6. new text end

new text begin Initial administrative expenses of the monthly benefit retirement
division; allocation of reimbursement.
new text end

new text begin (a) The administration expenses incurred by the
Public Employees Retirement Association in the establishment of the monthly benefit
retirement division of the voluntary statewide volunteer firefighters retirement plan,
including any computer programming expenses and any actuarial consultant expenses, are
payable from the assets of the initial monthly benefit volunteer firefighter relief association
that elects to transfer its administration to the voluntary statewide volunteer firefighter
retirement plan, following the transfer of assets.
new text end

new text begin (b) The administrative expenses in excess of $33,600 paid under paragraph (a) must
be reimbursed by the next nine monthly benefit volunteer firefighter relief associations that
transfer plan administration to the voluntary statewide volunteer firefighters retirement
plan. The reimbursement charge for each of the nine is three-tenths of one percent of the
market value of assets of the volunteer firefighter relief association as of December 31,
2012. The reimbursement amounts, up to the amount of administrative expenses actually
incurred under paragraph (a) in excess of $33,600, must be credited to the account of the
fire department associated with the former monthly benefit volunteer firefighter relief
association that first transferred plan administration to the volunteer firefighter retirement
plan.
new text end

Sec. 12.

Minnesota Statutes 2014, section 353G.03, is amended to read:


353G.03 VOLUNTARY STATEWIDE deleted text beginLUMP-SUMdeleted text end VOLUNTEER
FIREFIGHTER RETIREMENT PLAN ADVISORY BOARD.

Subdivision 1.

Establishment.

A Voluntary Statewide deleted text beginLump-Sumdeleted text end Volunteer
Firefighter Retirement Plan Advisory Board is created.

Subd. 2.

Function; purpose.

The advisory board shall new text beginmeet periodically to new text endprovide
advice to the board of trustees of the Public Employees Retirement Association about the
retirement coverage needs of volunteer firefighters who are members of the new text beginretirement
new text endplan and about the legislative and administrative changes that would assist the retirement
plan in accommodating volunteer firefighters who are not members of the new text beginretirement new text endplan.

Subd. 3.

Composition.

(a) The advisory board consists of deleted text beginsevendeleted text end new text begineight new text endmembers.

(b) The advisory board members are:

(1) one representative of Minnesota townships, appointed by the Minnesota
Association of Townships;

(2) two representatives of Minnesota cities, appointed by the League of Minnesota
Cities;

(3) one representative of Minnesota fire chiefs, who is a fire chief, appointed by the
Minnesota State Fire Chiefs Association;

(4) two representatives of Minnesota volunteer firefighters, new text beginall new text endwho are active
volunteer firefighters, new text beginone of whom is covered by the lump-sum retirement division and
one of whom is covered by the monthly benefit retirement division, appointed by the
Minnesota State Fire Chiefs Association;
new text end

new text begin (5) one representative of Minnesota volunteer firefighters who is covered by
the lump-sum retirement division,
new text endappointed by the Minnesota State Fire Departments
Association; and

deleted text begin (5)deleted text endnew text begin (6)new text end one representative of the Office of the State Auditor, designated by the state
auditor.

Subd. 4.

Term.

(a) deleted text beginThe initial terms on the advisory board for the Minnesota
townships representative and the Minnesota fire chiefs representative are one year. The
initial terms on the advisory board for one of the Minnesota cities representatives and one
of the Minnesota active volunteer firefighter representatives are two years. The initial
terms on the advisory board for the other Minnesota cities representative and the other
Minnesota active volunteer firefighter representative are three years.
deleted text end The term for the
Office of the State Auditor representative is determined by the state auditor.

(b) deleted text beginSubsequentdeleted text end Terms on the advisory board other than the Office of the State
Auditor representative are three years.

Subd. 5.

Compensation of advisory board.

The compensation of members of the
advisory boardnew text begin,new text end other than the Office of the State Auditor representativenew text begin,new text end is governed by
section 15.0575, subdivision 3.

new text begin EFFECTIVE DATE. new text end

new text begin Subdivisions 1, 2, 4, and 5 are effective July 1, 2015.
Subdivision 3 is effective the July 1 next following the day on which one or more
volunteer firefighter relief associations providing monthly service pensions in whole or in
part transfer administration of the retirement plan to the Public Employees Retirement
Association under Minnesota Statutes, chapter 353G.
new text end

Sec. 13.

Minnesota Statutes 2014, section 353G.04, is amended to read:


353G.04 INFORMATION FROM MUNICIPALITIES AND FIRE
DEPARTMENTS.

The chief executive officers of municipalities and fire departments with volunteer
firefighters covered by the voluntary deleted text beginlump-sumdeleted text end new text beginstatewide new text endvolunteer firefighter retirement
plan shall provide all relevant information and records requested by the board, the
executive director, and the State Board of Investment as required to perform their duties.

Sec. 14.

Minnesota Statutes 2014, section 353G.05, is amended to read:


353G.05 PLAN COVERAGE ELECTION.

Subdivision 1.

Coverage.

Any municipality or independent nonprofit firefighting
corporation may elect to have its volunteer firefighters covered by the new text beginlump-sum
retirement division or the monthly benefit retirement division of the
new text endretirement plannew text begin,
whichever applies
new text end.

Subd. 2.

Election of coveragenew text begin; lump sumnew text end.

(a) The process for electing coverage of
volunteer firefighters by the new text beginlump-sum new text endretirement deleted text beginplandeleted text end new text begindivision new text endis initiated by a request
to the executive director for a cost analysis of the prospective retirement coveragenew text begin under
the lump-sum retirement division
new text end.

(b) If the volunteer firefighters are currently covered by a new text beginlump-sum volunteer
firefighters relief association or a defined contribution
new text endvolunteer firefighters' relief
association governed by chapter 424A, the cost analysis of the prospective retirement
coverage must be requested jointly by the secretary of the volunteer firefighters relief
association, following approval of the request by the board of the volunteer firefighters
relief association, and the chief administrative officer of the entity associated with the relief
association, following approval of the request by the governing body of the entity associated
with the relief association. If the relief association is associated with more than one
entity, the chief administrative officer of each associated entity must execute the request.
If the volunteer firefighters are not currently covered by a volunteer firefighters relief
association, the cost analysis of the prospective retirement coverage must be requested by
the chief administrative officer of the entity operating the fire department. The request
must be made in writing and must be made on a form prescribed by the executive director.

(c) The cost analysis of the prospective retirement coverage by the new text beginlump-sum
retirement division of the
new text endstatewide retirement plan must be based on the service pension
amount under section 353G.11 closest to the service pension amount provided by the
volunteer firefighters relief association if the relief association is a lump-sum defined
benefit plan, or the amount equal to 95 percent of the most current average account
balance per relief association member if the relief association is a defined contribution
plan, or to the lowest service pension amount under section 353G.11 if there is no
volunteer firefighters relief association, rounded up, and any other service pension amount
designated by the requester or requesters. The cost analysis must be prepared using a
mathematical procedure certified as accurate by an approved actuary retained by the
Public Employees Retirement Association.

(d) If a cost analysis is requested and a volunteer firefighters' relief association exists
that has filed the information required under section 69.051 in a timely fashion, upon
request by the executive director, the state auditor shall provide the most recent data
available on the financial condition of the volunteer firefighters relief association, the most
recent firefighter demographic data available, and a copy of the current relief association
bylaws. If a cost analysis is requested, but no volunteer firefighters relief association
exists, the chief administrative officer of the entity operating the fire department shall
provide the demographic information on the volunteer firefighters serving as members
of the fire department requested by the executive director.

deleted text begin (e) If a cost analysis is requested, the executive director of the State Board of
Investment shall review the investment portfolio of the relief association, if applicable,
for compliance with the applicable provisions of chapter 11A and for appropriateness
for retention under the established investment objectives and investment policies of the
State Board of Investment. If the prospective retirement coverage change is approved
under paragraph (f), the State Board of Investment may require that the relief association
deleted text end deleted text begin liquidate any investment security or other asset which the executive director of the State
Board of Investment has determined to be an ineligible or inappropriate investment for
retention by the State Board of Investment. The security or asset liquidation must occur
before the effective date of the transfer of retirement plan coverage. If requested to do so by
the chief administrative officer of the relief association, the executive director of the State
Board of Investment shall provide advice about the best means to conduct the liquidation.
deleted text end

deleted text begin (f) Upon receipt of the cost analysis, the governing body of the municipality
or independent nonprofit firefighting corporation associated with the fire department
shall either approve or disapprove the retirement coverage change within 120 days. If
the retirement coverage change is not acted upon within 120 days, it is deemed to be
disapproved. If the retirement coverage change is approved by the applicable governing
body, coverage by the voluntary statewide lump-sum volunteer firefighter retirement plan
is effective on the next following January 1.
deleted text end

new text begin Subd. 3. new text end

new text begin Election of coverage; monthly benefit. new text end

new text begin (a) The process for electing
coverage of volunteer firefighters by the monthly retirement division is initiated by a
request to the executive director for an actuarial cost analysis of the prospective retirement
coverage under the monthly benefit retirement division. This request must be made by
the secretary of the volunteer firefighters relief association and the chief administrative
officer of the entity associated with the relief association, both of which must first obtain
approval of the request from their respective municipal governing body or independent
nonprofit firefighting corporation. The request must be made in writing and must be made
on a form prescribed by the executive director.
new text end

new text begin (b) Coverage by the monthly benefit retirement division may only be elected if
the volunteer firefighters are covered by a monthly benefit volunteer firefighters relief
association governed by chapter 424A.
new text end

new text begin (c) The cost analysis under paragraph (a) must be prepared by the approved actuary
retained by the Public Employees Retirement Association. The cost analysis must be
based on:
new text end

new text begin (1) the service pension and other retirement benefit types and amounts in effect for
the volunteer firefighters relief association as of the date of the request and any other
amount or amounts designated by the requesters, as disclosed in a special actuarial
valuation prepared under sections 356.215 and 356.216; and
new text end

new text begin (2) the standards for actuarial work, and the actuarial assumptions utilized in the
most recent prior actuarial valuation, except that the applicable interest rate actuarial
assumption is six percent.
new text end

new text begin (d) The secretary of the volunteer firefighters relief association making the request
must supply the demographic and financial data necessary for the cost analysis to be
prepared.
new text end

new text begin Subd. 4. new text end

new text begin Invested assets review. new text end

new text begin If a cost analysis is requested under subdivision 2
or 3, the executive director of the State Board of Investment shall review the investment
portfolio of the relief association, if applicable, for compliance with the applicable
provisions of chapter 11A and for appropriateness for retention under the established
investment objectives and investment policies of the State Board of Investment. If the
prospective retirement coverage change is approved under subdivision 5, the State
Board of Investment may require that the relief association liquidate any investment
security or other asset which the executive director of the State Board of Investment has
determined to be an ineligible or inappropriate investment for retention by the State Board
of Investment. The security or asset liquidation must occur before the effective date of
the transfer of retirement plan coverage. If requested to do so by the chief administrative
officer of the relief association, the executive director of the State Board of Investment
shall provide advice about the best means to conduct the liquidation.
new text end

new text begin Subd. 5. new text end

new text begin Finalization; coverage transfer. new text end

new text begin Upon receipt of the cost analysis
requested under subdivision 2 or 3, the governing body of the municipality or independent
nonprofit firefighting corporation associated with the fire department shall either approve
or disapprove the retirement coverage change within 120 days. If the retirement coverage
change is not acted upon within 120 days, it is deemed to be disapproved. If the retirement
coverage change is approved by the applicable governing body, coverage by the voluntary
statewide volunteer firefighter retirement plan is effective on the January 1 next following
the approval date.
new text end

Sec. 15.

Minnesota Statutes 2014, section 353G.06, is amended to read:


353G.06 DISESTABLISHMENT OF PRIOR VOLUNTEER FIREFIGHTERS
RELIEF ASSOCIATION SPECIAL FUND UPON RETIREMENT COVERAGE
CHANGE.

Subdivision 1.

Special fund disestablishment.

On the deleted text begindatedeleted text end new text beginDecember 31
new text endimmediately prior to the effective date of the coverage change, the special fund of the
applicable volunteer firefighters relief association, if one exists, ceases to exist as a
pension fund of the association and legal title to the assets of the special fund transfers
to the State Board of Investment, with the new text beginundivided new text endbeneficial title to the assets of the
special fund remaining in the applicable volunteer firefightersnew text begin as a groupnew text end.

Subd. 2.

Other relief association changes.

In addition to the transfer and
disestablishment of the special fund under subdivision 1, notwithstanding any provisions
of chapter 424A or 424B to the contrary, upon the effective date of the change in
volunteer firefighter retirement coverage, if the relief association membership elects to
retain the relief association new text beginas a fraternal organization new text endafter the benefit coverage election,
the following changes must be implemented with respect to the applicable volunteer
firefighters relief association:

(1) the relief association board of trustees membership is reduced to five, comprised
of the fire chief of the fire department and four trustees elected by and from the relief
association membership;

(2) the relief association may only maintain a general fund, which continues to
be governed by section 424A.06;

(3) the relief association is not authorized to receive the proceeds of any state aid or
to receive any municipal funds; and

(4) the relief association may not pay any service pension or benefit that was not
authorized as a general fund disbursement under the articles of incorporation or bylaws of
the relief association in effect new text beginimmediately new text endprior to the plan coverage election process.

Subd. 3.

Successor in interest.

Upon the disestablishment of the special fund of
the volunteer firefighters relief association under this section, the voluntary statewide
deleted text beginlump-sumdeleted text end volunteer firefighter retirement plan is the successor in interest of the special
fund of the volunteer firefighters relief association for all claims against the special fund
other than a claim against the special fund, the volunteer firefighters relief association,
the municipality, the fire department, or any person connected with the volunteer
firefighters relief association in a fiduciary capacity under chapter 356A or common law
that was based on any act or acts which were not performed in good faith and which
constituted a breach of a fiduciary obligation. As the successor in interest of the special
fund of the volunteer firefighters relief association, the voluntary statewide deleted text beginlump-sum
deleted text endvolunteer firefighter retirement plan may assert any applicable defense in any judicial
proceeding which the board of trustees of the volunteer firefighters relief association or the
municipality would have been entitled to assert.

Sec. 16.

Minnesota Statutes 2014, section 353G.07, is amended to read:


353G.07 CERTIFICATION OF GOOD TIME SERVICE CREDIT.

(a) Annually, by March 31, the fire chief of the fire department with firefighters who
are active members of new text begineither new text endthe new text beginlump-sum new text endretirement deleted text beginplandeleted text end new text begindivision or the monthly benefit
retirement division
new text endshall certify to the executive director the good time service credit for the
previous calendar year of each firefighter rendering active service with the fire department.

(b) The fire chief shall provide to each firefighter rendering active service with
the fire department notification of the amount of good time service credit rendered by
the firefighter for the calendar year. The good time service credit notification must be
provided to the firefighter 60 days before its certification to the executive director of the
Public Employees Retirement Association, along with an indication of the process for the
firefighter to challenge the fire chief's determination of good time service credit. If the
good time service credit amount is challenged in a timely fashion, the fire chief shall hold
a hearing on the challenge, accept and consider any additional pertinent information,
and make a final determination of good time service credit. The final determination of
good time service credit by the fire chief is not reviewable by the executive director of
the Public Employees Retirement Association or by the board of trustees of the Public
Employees Retirement Association.

(c) The good time service credit certification is an official public document. If a
false good time service credit certification is filed or if false information regarding good
time service credits is provided, section 353.19 applies.

(d) The good time service credit certification must be expressed as a percentage of a
full year of service during which an active firefighter rendered at least the minimum level
and quantity of fire suppression, emergency response, fire prevention, or fire education
duties required by the fire department under the rules and regulations applicable to the
fire department. No more than one year of good time service credit may be certified
for a calendar year.

(e) If a firefighter covered by the retirement plan leaves active firefighting service
to render active military service that is required to be deleted text begincovereddeleted text end new text begingoverned new text endby the federal
Uniformed Services Employment and Reemployment Rights Act, as amended, the person
must be certified as providing a full year of good time service credit in each year of the
military service, up to the applicable limit of the federal Uniformed Services Employment
and Reemployment Rights Act. If the firefighter does not return from the military service
in compliance with the federal Uniformed Services Employment and Reemployment
Rights Act, the good time service credits applicable to that military service credit period
are forfeited and cancel at the end of the calendar year in which the federal law time
limit occurs.

Sec. 17.

Minnesota Statutes 2014, section 353G.08, is amended to read:


353G.08 RETIREMENT PLAN FUNDING; DISBURSEMENTS.

Subdivision 1.

Annual funding requirementsnew text begin; lump-sum retirement divisionnew text end.

(a)
Annually, the executive director shall determine the funding requirements of each account
in the new text beginlump-sum retirement division of the new text endvoluntary statewide deleted text beginlump-sumdeleted text end volunteer
firefighter retirement plan on or before August 1. The funding requirements deleted text beginas directed
deleted text endnew text begincomputed new text endunder this deleted text beginsection,deleted text end new text beginsubdivision new text endmust be determined using a mathematical
procedure developed and certified as accurate by deleted text beginandeleted text end new text beginthe new text endapproved actuary retained by the
Public Employees Retirement Association and new text beginmust be new text endbased on present value factors
using a six percent interest rate, without any decrement assumptions. The funding
requirements must be certified to the entity or entities associated with the fire department
whose active firefighters are covered by the retirement plan.

(b) The overall funding balance of each new text beginlump-sum new text endaccount for the current calendar
year must be determined in the following manner:

(1) The total accrued liability for all active and deferred members of the account as
of December 31 of the current year must be calculated based on the good time service
credit of active and deferred members as of that date.

(2) The total present assets of the account projected to December 31 of the current
year, including receipts by and disbursements from the account anticipated to occur on or
before December 31, must be calculated. To the extent possible, the market value of assets
must be utilized in making this calculation.

(3) The amount of the total present assets calculated under clause (2) must be
subtracted from the amount of the total accrued liability calculated under clause (1). If the
amount of total present assets exceeds the amount of the total accrued liability, then the
account is considered to have a surplus over full funding. If the amount of the total present
assets is less than the amount of the total accrued liability, then the account is considered
to have a deficit from full funding. If the amount of total present assets is equal to the
amount of the total accrued liability, then the special fund is considered to be fully funded.

(c) The financial requirements of each new text beginlump-sum new text endaccount for the following calendar
year must be determined in the following manner:

(1) The total accrued liability for all active and deferred members of the account
as of December 31 of the calendar year next following the current calendar year must be
calculated based on the good time service used in the calculation under paragraph (b),
clause (1), increased by one year.

(2) The increase in the total accrued liability of the account for the following calendar
year over the total accrued liability of the account for the current year must be calculated.

(3) The amount of anticipated future administrative expenses of the account must be
calculated by multiplying the dollar amount of the administrative expenses for the most
recent prior calendar year by the factor of 1.035.

(4) If the account is fully funded, the financial requirement of the account for the
following calendar year is the total of the amounts calculated under clauses (2) and (3).

(5) If the account has a deficit from full funding, the financial requirement of the
account for the following calendar year is the total of the amounts calculated under clauses
(2) and (3) plus an amount equal to one-tenth of the amount of the deficit from full
funding of the account.

(6) If the account has a surplus over full funding, the financial requirement of
the account for the following calendar year is the financial requirement of the account
calculated as though the account was fully funded under clause (4) and, if the account has
also had a surplus over full funding during the prior two years, additionally reduced by an
amount equal to one-tenth of the amount of the surplus over full funding of the account.

(d) The required contribution of the entity or entities associated with the fire
department whose active firefighters are covered by the new text beginlump-sum new text endretirement deleted text beginplandeleted text end new text begindivision
new text endis the annual financial requirements of the new text beginlump-sum new text endaccount of the retirement plan under
paragraph (c) reduced by the amount of any fire state aid payable under sections 69.011 to
69.051 new text beginor police and firefighter retirement supplemental state aid payable under section
423A.022 that is
new text endreasonably anticipated to be received by the retirement plan attributable
to the entity or entities during the following calendar year, and an amount of interest on
the assets projected to be received during the following calendar year calculated at the
rate of six percent per annum. The required contribution must be allocated between the
entities if more than one entity is involved. A reasonable amount of anticipated fire state
aid is an amount that does not exceed the fire state aid actually received in the prior year
multiplied by the factor 1.035.

(e) The required contribution calculated in paragraph (d) must be paid to the
retirement plan on or before December 31 of the year for which it was calculated. If
the contribution is not received by the retirement plan by December 31, it is payable
with interest at an annual compound rate of six percent from the date due until the date
payment is received by the retirement plan. If the entity does not pay the full amount of
the required contribution, the executive director shall collect the unpaid amount under
section 353.28, subdivision 6.

new text begin Subd. 1a. new text end

new text begin Annual funding requirements; monthly benefit retirement division.
new text end

new text begin (a) Annually, the executive director shall determine the funding requirements of each
monthly benefit account in the voluntary statewide volunteer firefighter retirement plan on
or before August 1.
new text end

new text begin (b) The executive director must determine the funding requirements of a monthly
benefit account under this subdivision from:
new text end

new text begin (1) the most recent actuarial valuation normal cost, administrative expense,
including the cost of a regular actuarial valuation, and amortization results for the account
determined by the approved actuary retained by the retirement association under sections
356.215 and 356.216; and
new text end

new text begin (2) the standards for actuarial work, utilizing a six percent interest rate actuarial
assumption and other actuarial assumptions approved under section 356.215, subdivision
18:
new text end

new text begin (i) with that portion of any unfunded actuarial accrued liability attributable to a benefit
increase to be amortized over a period of 20 years from the date of the benefit change;
new text end

new text begin (ii) with that portion of any unfunded actuarial accrued liability attributable to an
assumption change or an actuarial method change to be amortized over a period of 20
years from the date of the assumption or method change;
new text end

new text begin (iii) with that portion of any unfunded actuarial accrued liability attributable to an
investment loss to be amortized over a period of ten years from the date of investment
loss; and
new text end

new text begin (iv) with the balance of any net unfunded actuarial accrued liability to be amortized
over a period of five years from the date of the actuarial valuation.
new text end

new text begin (c) The required contributions of the entity or entities associated with the fire
department whose active firefighters are covered by the monthly benefit retirement
division are the annual financial requirements of the monthly benefit account of the
retirement plan under paragraph (b) reduced by the amount of any fire state aid payable
under sections 69.011 to 69.051, or any police and firefighter retirement supplemental state
aid payable under section 423A.022, that is reasonably anticipated to be received by the
retirement plan attributable to the entity or entities during the following calendar year.
The required contribution must be allocated between the entities if more than one entity
is involved. A reasonable amount of anticipated fire state aid is an amount that does not
exceed the fire state aid actually received in the prior year multiplied by the factor 1.035.
new text end

new text begin (d) The required contribution calculated in paragraph (c) must be paid to the
retirement plan on or before December 31 of the year for which it was calculated. If
the contribution is not received by the retirement plan by December 31, it is payable
with interest at an annual compound rate of six percent from the date due until the date
payment is received by the retirement plan. If the entity does not pay the full amount of
the required contribution, the executive director shall collect the unpaid amount under
section 353.28, subdivision 6.
new text end

Subd. 2.

Cash flow funding requirement.

If the executive director determines
that deleted text beginandeleted text end new text begina lump-sum retirement or a monthly benefit retirement new text endaccount in the voluntary
statewide deleted text beginlump-sumdeleted text end volunteer firefighter retirement plan has insufficient assets to meet the
service pensions deleted text begindetermineddeleted text end new text beginexpected to be new text endpayable from the accountnew text begin over the succeeding
two years
new text end, the executive director shall certify the amount of the potential service pension
shortfall to the municipality or municipalities and the municipality or municipalities shall
make an additional employer contribution to the account within ten days of the certification.
If more than one municipality is associated with the account, unless the municipalities agree
to new text beginand implement new text enda different allocation, the municipalities shall allocate the additional
employer contribution one-half in proportion to the population of each municipality and
one-half in proportion to the estimated market value of the property of each municipality.

Subd. 2a.

Additional municipal contributions authorized.

(a) At the discretion of
the municipality or the independent nonprofit firefighting corporation associated with a fire
department covered by a voluntary statewide deleted text beginlump-sumdeleted text end volunteer firefighter retirement
plan account, the municipality or the corporation may make additional contributions
to the applicable account.

(b) The executive director of the Public Employees Retirement Association
may specify requirements as to the form, timing, and accompanying information for
contributions made under this subdivision.

(c) Any contributions made under this subdivision must be included as total present
assets of the account for the calculation of any subsequent annual funding requirements
for the account under subdivision 1 or new text begin1a or new text endfor the calculation of any cash flow funding
requirement under subdivision 2.

Subd. 3.

Authorized account disbursements.

The assets new text beginof a lump-sum retirement
account or of a monthly benefit retirement account
new text endof the retirement fund may only be
disbursed for:

(1) the administrative expenses of the retirement plan;

(2) the investment expenses of the retirement fund;

(3) the service pensions payable under section 353G.10, 353G.11, 353G.14, or
353G.15;

(4) the survivor benefits payable under section 353G.12; and

(5) the disability benefit coverage insurance premiums under section 353G.115.

Sec. 18.

Minnesota Statutes 2014, section 353G.09, is amended to read:


353G.09 RETIREMENT BENEFIT ELIGIBILITY.

Subdivision 1.

Entitlement.

Except as provided in subdivision 3, an active member
of the retirement plan is entitled to a deleted text beginlump-sumdeleted text end service pension from the retirement plan
if the person:

(1) has separated from active service with the fire department for at least 30 days;

(2) has attained the age of at least 50 years;

(3) has completed at least five years of good time service credit as a member of the
retirement plannew text begin if the person is a member of the lump-sum retirement division or has
completed at least the minimum number of years of good time service credit as a member
of the retirement plan specified in the retirement benefit plan document attributable to the
applicable fire department if the person is a member of the monthly benefit retirement
division
new text end; and

(4) applies in a manner prescribed by the executive director for the service pension.

Subd. 2.

Vesting schedule; nonforfeitable portion of service pension.

new text begin(a) new text endIf an
active member new text beginof the lump-sum retirement division new text endhas completed less than 20 years of
good time service creditnew text begin as a member of the lump-sum retirement division of the plannew text end, the
person's entitlement new text beginto a service pension new text endis new text beginequal new text endto the nonforfeitable percentage of the
applicable service pension amount, as follows:

Completed years of good time
service credit
Nonforfeitable percentage of the
service pension
5
40 percent
6
44 percent
7
48 percent
8
52 percent
9
56 percent
10
60 percent
11
64 percent
12
68 percent
13
72 percent
14
76 percent
15
80 percent
16
84 percent
17
88 percent
18
92 percent
19
96 percent
deleted text begin 20 and thereafter
deleted text end
deleted text begin 100 percent
deleted text end

new text begin (b) If an active member of the monthly benefit retirement division has completed less
than 20 years of good time service credit as a member of the monthly benefit retirement
division of the plan, the person's entitlement to a service pension must be governed by the
retirement benefit plan document attributable to the applicable fire department.
new text end

Subd. 3.

Alternative new text beginlump-sum new text endpension eligibility and computation.

(a) An
active member of the new text beginlump-sum retirement division of the new text endretirement plan is entitled to an
alternative lump-sum service pension from the retirement plan if the person:

(1) has separated from active service with the fire department for at least 30 days;

(2) has attained the age of at least 50 years or the age for receipt of a service pension
under the benefit plan of the applicable former volunteer firefighters relief association as
of the date immediately prior to the election of the retirement coverage change, whichever
is later;

(3) has completed at least five years of active service with the fire department and
at least five years in total as a member of the applicable former volunteer firefighters
relief association or of the new text beginlump-sum retirement division of the new text endretirement plan, but has
not rendered at least five years of good time service credit as a member of the new text beginlump-sum
new text endretirement new text begindivision of the new text endplan; and

(4) applies in a manner prescribed by the executive director for the service pension.

(b) If retirement coverage prior to statewide retirement plan coverage was provided
by a defined benefit new text beginlump-sum retirement new text endplan volunteer firefighters relief association,
the alternative lump-sum service pension is the service pension amount specified in the
bylaws of the applicable former volunteer firefighters relief association either as of the
date immediately deleted text beginprior todeleted text end new text beginbefore new text endthe election of the retirement coverage change or as of
the date immediately before the termination of firefighting services, whichever is earlier,
multiplied by the total number of years of service as a member of that volunteer firefighters
relief association and as a member of the retirement plan. If retirement coverage deleted text beginprior to
deleted text endnew text beginbefore new text endstatewide retirement plan coverage was provided by a defined contribution plan
volunteer firefighters relief association, the alternative lump-sum service pension is an
amount equal to the person's account balance as of the date immediately deleted text beginprior todeleted text end new text beginbefore
new text endthe date on which statewide retirement plan coverage was first provided to the person plus
six percent annual compound interest from that date until the date immediately deleted text beginprior
to
deleted text end new text beginbefore new text endthe date of retirement.

Sec. 19.

Minnesota Statutes 2014, section 353G.10, is amended to read:


353G.10 DEFERRED SERVICE PENSION AMOUNT.

A person who was an active member of a fire department covered by new text begineither the
lump-sum retirement division or the monthly benefit retirement division of
new text endthe retirement
plan who has separated from active firefighting service for at least 30 days and who has
completed at least five years of good time service credit, but has not attained the age of 50
years, is entitled to a deferred service pension on or after attaining the age of 50 years
and applying in a manner specified by the executive director for the service pension. The
service pension payable is the nonforfeitable percentage of the service pension under
section 353G.09, subdivision 2, and is payable without any interest new text beginon or increase in the
service pension
new text endover the period of deferral.

Sec. 20.

Minnesota Statutes 2014, section 353G.11, is amended to read:


353G.11 new text beginLUMP-SUM RETIREMENT DIVISION new text endSERVICE PENSION
LEVELS.

Subdivision 1.

Levelsnew text begin; lump-sum retirement divisionnew text end.

The new text beginlump-sum retirement
division of the
new text endretirement plan provides the following levels of service pension amounts to
be selected at the election of coverage, or, if fully funded, thereafter:

Level A
$500 per year of good time service credit
Level B
$600 per year of good time service credit
Level C
$700 per year of good time service credit
Level D
$800 per year of good time service credit
Level E
$900 per year of good time service credit
Level F
$1,000 per year of good time service credit
Level G
$1,250 per year of good time service credit
Level H
$1,500 per year of good time service credit
Level I
$2,000 per year of good time service credit
Level J
$2,500 per year of good time service credit
Level K
$3,000 per year of good time service credit
Level L
$3,500 per year of good time service credit
Level M
$4,000 per year of good time service credit
Level N
$4,500 per year of good time service credit
Level O
$5,000 per year of good time service credit
Level P
$5,500 per year of good time service credit
Level Q
$6,000 per year of good time service credit
Level R
$6,500 per year of good time service credit
Level S
$7,000 per year of good time service credit
Level T
$7,500 per year of good time service credit

Subd. 1a.

Continuation of prior new text beginlump-sum new text endservice pension levels.

If a
municipality or independent nonprofit firefighting corporation deleted text beginelectsdeleted text end new text beginelected new text endto be covered
by the new text beginlump-sum retirement division of the new text endretirement plan deleted text beginprior todeleted text end new text beginbefore new text endJanuary 1,
2010, and deleted text beginselectsdeleted text endnew text begin selectednew text end the $750 per year of good time service credit service pension
amount effective for January 1, 2010, that level continues for the volunteer firefighters of
that municipality or independent nonprofit firefighting corporation until a different service
pension amount is selected under subdivision 2 after January 1, 2010.

Subd. 2.

new text beginLump-sum retirement division new text endlevel selection.

At the time of the election
to transfer retirement coveragenew text begin to the lump-sum retirement division of the retirement plannew text end,
or on April 30 thereafter, the governing body or bodies of the entity or entities operating
the fire department whose firefighters are covered by the retirement plan may request
a cost estimate from the executive director of an increase in the service pension level
applicable to the active firefighters of the fire department. Within 90 days of the receipt of
the cost estimate prepared by the executive director using a procedure certified as accurate
by the approved actuary retained by the Public Employees Retirement Association, the
governing body or bodies may approve the service pension level change, effective for the
following calendar year. If not approved in a timely fashion, the service pension level
change is considered to have been disapproved.

Subd. 3.

Supplemental benefit.

The new text beginlump-sum retirement account of the new text endretirement
plan also shall pay a supplemental benefit as provided for in section 424A.10.

Subd. 4.

Ancillary benefits.

new text beginExcept as provided in section 353G.115 or 353G.12,
new text endno disability, death, funeral, or other ancillary benefit beyond a service pension or a
survivor benefit is payable from the new text beginlump-sum retirement account of the new text endretirement plan.

Sec. 21.

new text begin [353G.112] MONTHLY BENEFIT RETIREMENT DIVISION SERVICE
PENSION LEVELS.
new text end

new text begin The service pension amount for the firefighters of a fire department covered by the
monthly benefit retirement division of the retirement plan is the amount specified in the
retirement benefit plan document applicable to the fire department.
new text end

Sec. 22.

Minnesota Statutes 2014, section 353G.115, is amended to read:


353G.115 DISABILITY BENEFIT COVERAGE; AUTHORITY FOR
CASUALTY INSURANCE.

(a) Except as provided in paragraph (b)new text begin or (c)new text end, no disability benefit is payable from
the statewide retirement plan.

(b) If the board approves the arrangement, disability coverage for new text beginthe lump-sum
retirement division of the
new text endstatewide retirement plan members may be provided through
a group disability insurance policy obtained from an insurance company licensed to do
business in this state. The new text beginlump-sum retirement account of the new text endvoluntary statewide
deleted text beginlump-sumdeleted text end volunteer new text beginfirefighter new text endretirement plan is authorized to pay the premium for the
disability insurance authorized by this paragraph. The proportional amount of the total
annual disability insurance premium must be added to the required contribution amount
determined under section 353G.08.

new text begin (c) The disability benefit coverage for the monthly benefit retirement division is
the disability service pension amount specified in the retirement benefit plan document
applicable to the fire department, applicable former volunteer firefighters relief association
in effect as of the last day before the date on which retirement coverage transferred to the
voluntary statewide volunteer firefighter retirement plan, subject to all conditions and
limitations in the disability service pension specified therein.
new text end

Sec. 23.

Minnesota Statutes 2014, section 353G.12, subdivision 2, is amended to read:


Subd. 2.

new text beginLump-sum retirement plan; new text endsurvivor benefit amount.

The amount of
the survivor benefit new text beginfor the lump-sum retirement division new text endis the amount of the new text beginlump-sum
new text endservice pension that would have been payable to the member of the new text beginlump-sum new text endretirement
deleted text beginplandeleted text end new text begindivision new text endon the date of death if the member had been age 50 or older on that date.

Sec. 24.

Minnesota Statutes 2014, section 353G.12, is amended by adding a
subdivision to read:


new text begin Subd. 3. new text end

new text begin Monthly benefit retirement plan; survivor benefit amount. new text end

new text begin The amount
of the survivor benefit for the monthly benefit retirement division is the survivor service
pension amount specified in the retirement benefit plan document applicable to the fire
department, subject to all conditions and limitations for the benefit specified therein.
new text end

Sec. 25.

new text begin [353G.121] MONTHLY BENEFIT RETIREMENT DIVISION;
POST-TRANSFER BENEFIT PLAN DOCUMENT MODIFICATIONS.
new text end

new text begin (a) The fire chief of a fire department that has an active membership who are covered
by the monthly benefit retirement division of the statewide retirement plan may initiate the
process of modifying the retirement benefit plan document under this section.
new text end

new text begin (b) The modification procedure is initiated when the applicable fire chief files with
the executive director of the Public Employees Retirement Association a written summary
of the desired benefit plan document modification, the proposed benefit plan document
modification language, a written request for the preparation of an actuarial cost estimate
for the proposed benefit plan document modification, and payment of the estimated cost of
the actuarial cost estimate.
new text end

new text begin (c) Upon receipt of the modification request and related documents, the executive
director shall review the language of the proposed benefit plan document modification
and, if a clarification is needed in the submitted language, shall inform the fire chief
of the necessary clarification. Once the proposed benefit plan document modification
language has been clarified by the fire chief and resubmitted to the executive director, the
executive director shall arrange for the approved actuary retained by the Public Employees
Retirement Association to prepare a benefit plan document modification cost estimate
under the applicable provisions of section 356.215 and of the standards for actuarial work
adopted by the Legislative Commission on Pensions and Retirement. Upon completion of
the benefit plan document modification cost estimate, the executive director shall forward
the estimate to the fire chief who requested it and to the chief financial officer of the
municipality or entity with which the fire department is primarily associated.
new text end

new text begin (d) The fire chief, upon receipt of the cost estimate, shall circulate the cost estimate
with the active firefighters in the fire department and shall take reasonable steps to provide
the estimate results to any affected retired members of the fire department and their
beneficiaries. The chief financial officer of the municipality or entity associated with the
fire department shall present the proposed modification language and the cost estimate to
the governing body of the municipality or entity for its consideration at a public hearing
held for that purpose.
new text end

new text begin (e) If the governing body of the municipality or entity approves the modification
language, the chief administrative officer of the municipality or entity shall notify the
executive director of the Public Employees Retirement Association of that approval. The
benefit plan document modification is effective on the January 1 next following the date of
filing the approval with the Public Employees Retirement Association and the state auditor.
new text end

Sec. 26.

Minnesota Statutes 2014, section 353G.13, is amended to read:


353G.13 new text beginLUMP-SUM RETIREMENT DIVISION; new text endPORTABILITY.

Subdivision 1.

Eligibility.

An active firefighter who is a member of the new text beginlump-sum
retirement division of the
new text endretirement plan who also renders firefighting service and has
good time service credit in the new text beginlump-sum retirement division of the new text endretirement plan from
another fire department, if the good time service credit in the plan from a combination of
periods totals at least five years, is eligible, upon complying with the other requirements of
section 353G.09, to receive a new text beginlump-sum new text endservice pension upon filing an application in the
manner prescribed by the executive director, computed as provided in subdivision 2.

Subd. 2.

Combined service pension computation.

The new text beginlump-sum new text endservice pension
payable to a firefighter who qualifies under subdivision 1 is the per year of good time
new text beginlump-sum new text endservice credit service pension amount in effect for each new text beginlump-sum retirement
new text endaccount in which the firefighter has good time service credit as of the date on which the
firefighter terminated active service with the fire department associated with the applicable
account, multiplied by the number of years of good time service credit that the firefighter
has in the applicable account.

Subd. 3.

Payment.

A new text beginlump-sum new text endservice pension under this section must be paid
in a single payment, with the applicable portion of the total new text beginlump-sum new text endservice pension
payment amount deducted from each new text beginlump-sum retirement new text endaccount.

Sec. 27.

Minnesota Statutes 2014, section 353G.14, is amended to read:


353G.14 PURCHASE OF ANNUITY CONTRACTS.

The executive director may purchase an annuity contract on behalf of a retiring
firefighter new text beginretiring from the lump-sum retirement division of the statewide retirement
plan
new text endwith a total premium payment in an amount equal to the lump-sum service pension
payable under section 353G.09 if the purchase was requested by the retiring firefighter in a
manner prescribed by the executive director. The annuity contract must be purchased from
an insurance carrier that is licensed to do business in this state. If purchased, the annuity
contract is in lieu of any service pension or other benefit from the new text beginlump-sum retirement
plan of the
new text endretirement plan. The annuity contract may be purchased at any time after the
volunteer firefighter discontinues active service, but the annuity contract must stipulate that
no annuity amounts are payable before the former volunteer firefighter attains the age of 50.

Sec. 28.

Minnesota Statutes 2014, section 353G.15, is amended to read:


353G.15 INDIVIDUAL RETIREMENT ACCOUNT TRANSFER.

Upon receipt of a determination that the new text beginvoluntary statewide volunteer firefighter
new text endretirement plan is a qualified pension plan under section 401(a) of the Internal Revenue
Code, as amended, the executive director, upon request, shall transfer deleted text beginthedeleted text end new text begina lump-sum
new text endservice pension amount under sections 353G.08 and 353G.11 of a former volunteer
firefighter who has terminated active firefighting services covered by the new text beginlump-sum
retirement division of the statewide
new text endplan and who has attained the age of at least 50 years
to the person's individual retirement account under section 408(a) of the federal Internal
Revenue Code, as amended. The transfer request must be in a manner prescribed by the
executive director and must be filed by the former volunteer firefighter who has sufficient
service credit to be entitled to a service pension or, following the death of a participating
active firefighter, must be filed by the deceased firefighter's surviving spouse.

Sec. 29.

Minnesota Statutes 2014, section 353G.16, is amended to read:


353G.16 EXEMPTION FROM PROCESS.

The provisions of section 356.401 apply to the new text beginvoluntary statewide volunteer
firefighter
new text endretirement plan.

Sec. 30.

Minnesota Statutes 2014, section 356.215, subdivision 8, is amended to read:


Subd. 8.

Interest and salary assumptions.

(a) The actuarial valuation must use the
applicable following interest assumption:

(1) select and ultimate interest rate assumption

plan
ultimate interest
rate assumption
general state employees retirement plan
8.5%
correctional state employees retirement plan
8.5
State Patrol retirement plan
8.5
legislators retirement plan, and for the
constitutional officers calculation of total plan
liabilities
0
judges retirement plan
8.5
general public employees retirement plan
8.5
public employees police and fire retirement plan
8.5
local government correctional service
retirement plan
8.5
teachers retirement plan
8.5
St. Paul teachers retirement plan
8.5

Except for the legislators retirement plan and the constitutional officers calculation
of total plan liabilities, the select preretirement interest rate assumption for the period after
June 30, 2012, through June 30, 2017, is 8 percent.

(2) single rate interest rate assumption

plan
interest rate
assumption
Bloomington Fire Department Relief Association
6
local monthly benefit volunteer firefighters relief
associations
5
new text begin monthly benefit retirement plans in the statewide
volunteer firefighter retirement plan
new text end
new text begin 6
new text end

(b)(1) If funding stability has been attained, the valuation must use a postretirement
adjustment rate actuarial assumption equal to the postretirement adjustment rate specified
in section 354A.27, subdivision 7; 354A.29, subdivision 9; or 356.415, subdivision 1,
whichever applies.

(2) If funding stability has not been attained, the valuation must use a select
postretirement adjustment rate actuarial assumption equal to the postretirement adjustment
rate specified in section 354A.27, subdivision 6a; 354A.29, subdivision 8; or 356.415,
subdivision 1a, 1b, 1c, 1d, 1e, or 1f, whichever applies, for a period ending when the
approved actuary estimates that the plan will attain the defined funding stability measure,
and thereafter an ultimate postretirement adjustment rate actuarial assumption equal
to the postretirement adjustment rate under section 354A.27, subdivision 7; 354A.29,
subdivision 9; or 356.415, subdivision 1, for the applicable period or periods beginning
when funding stability is projected to be attained.

(c) The actuarial valuation must use the applicable following single rate future salary
increase assumption, the applicable following modified single rate future salary increase
assumption, or the applicable following graded rate future salary increase assumption:

(1) single rate future salary increase assumption

plan
future salary increase assumption
legislators retirement plan
5%
judges retirement plan
3
Bloomington Fire Department Relief
Association
4

(2) age-related future salary increase age-related select and ultimate future salary
increase assumption or graded rate future salary increase assumption

plan
future salary increase assumption
local government correctional service retirement plan
assumption B
St. Paul teachers retirement plan
assumption A

For plans other than the St. Paul teachers
retirement plan and the local government
correctional service retirement plan, the
select calculation is: during the designated
select period, a designated percentage rate
is multiplied by the result of the designated
integer minus T, where T is the number of
completed years of service, and is added
to the applicable future salary increase
assumption. The designated select period
is ten years and the designated integer is
ten for the local government correctional
service retirement plan and 15 for the St.
Paul Teachers Retirement Fund Association.
The designated percentage rate is 0.2 percent
for the St. Paul Teachers Retirement Fund
Association.

The ultimate future salary increase assumption is:

age
A
B
16
5.9%
9%
17
5.9
9
18
5.9
9
19
5.9
9
20
5.9
9
21
5.9
8.75
22
5.9
8.5
23
5.85
8.25
24
5.8
8
25
5.75
7.75
26
5.7
7.5
27
5.65
7.25
28
5.6
7
29
5.55
6.75
30
5.5
6.75
31
5.45
6.5
32
5.4
6.5
33
5.35
6.5
34
5.3
6.25
35
5.25
6.25
36
5.2
6
37
5.15
6
38
5.1
6
39
5.05
5.75
40
5
5.75
41
4.95
5.75
42
4.9
5.5
43
4.85
5.25
44
4.8
5.25
45
4.75
5
46
4.7
5
47
4.65
5
48
4.6
5
49
4.55
5
50
4.5
5
51
4.45
5
52
4.4
5
53
4.35
5
54
4.3
5
55
4.25
4.75
56
4.2
4.75
57
4.15
4.5
58
4.1
4.25
59
4.05
4.25
60
4
4.25
61
4
4.25
62
4
4.25
63
4
4.25
64
4
4.25
65
4
4
66
4
4
67
4
4
68
4
4
69
4
4
70
4
4

(3) service-related ultimate future salary increase assumption

general state employees retirement plan of the
Minnesota State Retirement System
assumption A
general employees retirement plan of the Public
Employees Retirement Association
assumption B
Teachers Retirement Association
assumption C
public employees police and fire retirement plan
assumption D
State Patrol retirement plan
assumption E
correctional state employees retirement plan of the
Minnesota State Retirement System
assumption F
service
length
A
B
C
D
E
F
1
10.5%
12.03%
12%
13%
8%
6%
2
8.1
8.9
9
11
7.5
5.85
3
6.9
7.46
8
9
7
5.7
4
6.2
6.58
7.5
8
6.75
5.55
5
5.7
5.97
7.25
6.5
6.5
5.4
6
5.3
5.52
7
6.1
6.25
5.25
7
5
5.16
6.85
5.8
6
5.1
8
4.7
4.87
6.7
5.6
5.85
4.95
9
4.5
4.63
6.55
5.4
5.7
4.8
10
4.4
4.42
6.4
5.3
5.55
4.65
11
4.2
4.24
6.25
5.2
5.4
4.55
12
4.1
4.08
6
5.1
5.25
4.45
13
4
3.94
5.75
5
5.1
4.35
14
3.8
3.82
5.5
4.9
4.95
4.25
15
3.7
3.7
5.25
4.8
4.8
4.15
16
3.6
3.6
5
4.8
4.65
4.05
17
3.5
3.51
4.75
4.8
4.5
3.95
18
3.5
3.5
4.5
4.8
4.35
3.85
19
3.5
3.5
4.25
4.8
4.2
3.75
20
3.5
3.5
4
4.8
4.05
3.75
21
3.5
3.5
3.9
4.7
4
3.75
22
3.5
3.5
3.8
4.6
4
3.75
23
3.5
3.5
3.7
4.5
4
3.75
24
3.5
3.5
3.6
4.5
4
3.75
25
3.5
3.5
3.5
4.5
4
3.75
26
3.5
3.5
3.5
4.5
4
3.75
27
3.5
3.5
3.5
4.5
4
3.75
28
3.5
3.5
3.5
4.5
4
3.75
29
3.5
3.5
3.5
4.5
4
3.75
30 or more
3.5
3.5
3.5
4.5
4
3.75

(d) The actuarial valuation must use the applicable following payroll growth
assumption for calculating the amortization requirement for the unfunded actuarial
accrued liability where the amortization retirement is calculated as a level percentage
of an increasing payroll:

plan
payroll growth assumption
general state employees retirement plan of the
Minnesota State Retirement System
3.75%
correctional state employees retirement plan
3.75
State Patrol retirement plan
3.75
judges retirement plan
3
general employees retirement plan of the Public
Employees Retirement Association
3.75
public employees police and fire retirement plan
3.75
local government correctional service retirement plan
3.75
teachers retirement plan
3.75
St. Paul teachers retirement plan
4

(e) The assumptions set forth in paragraphs (c) and (d) continue to apply, unless a
different salary assumption or a different payroll increase assumption:

(1) has been proposed by the governing board of the applicable retirement plan;

(2) is accompanied by the concurring recommendation of the actuary retained under
section 356.214, subdivision 1, if applicable, or by the approved actuary preparing the
most recent actuarial valuation report if section 356.214 does not apply; and

(3) has been approved or deemed approved under subdivision 18.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective June 30, 2015.
new text end

Sec. 31. new text beginEFFECTIVE DATE.
new text end

new text begin Unless otherwise specified, this article is effective July 1, 2015.
new text end

ARTICLE 9

VOLUNTEER FIREFIGHTER RELIEF ASSOCIATION WORKING
GROUP RECOMMENDATIONS

Section 1.

Minnesota Statutes 2014, section 69.051, subdivision 1a, is amended to read:


Subd. 1a.

Financial statement.

(a) The board of each volunteer firefighters relief
association, as defined in section 424A.001, subdivision 4, that is not required to file a
financial report and audit under subdivision 1 must prepare a detailed statement of the
financial affairs for the preceding fiscal year of the relief association's special and general
funds in the style and form prescribed by the state auditor. The detailed statement must
show:

(1) the sources and amounts of all money received;

(2) all disbursements, accounts payable and accounts receivable;

(3) the amount of money remaining in the treasury;

(4) total assets, including a listing of all investments;

(5) the accrued liabilities; and

(6) all other items necessary to show accurately the revenues and expenditures and
financial position of the relief association.

(b) The detailed financial statement new text beginof the special and general funds new text endrequired under
paragraph (a) must be certified by a certified public accountant or by the state auditordeleted text begin. In
addition to certifying the financial condition of the special and general funds of the relief
association, the accountant or auditor conducting the examination shall give an opinion
as to the condition of the special and general funds of the relief association, and shall
comment upon any exceptions to the report
deleted text endnew text begin in accordance with agreed-upon procedures
and forms prescribed by the state auditor
new text end. The accountant must have at least five years of
public accounting, auditing, or similar experience, and must not be an active, inactive, or
retired member of the relief association or the fire department.

(c) The detailed new text beginfinancial new text endstatement required under paragraph (a) must be
countersigned by:

(1) the municipal clerk or clerk-treasurer of the municipality; or

(2) where applicable, by the municipal clerk or clerk-treasurer of the largest
municipality in population which contracts with the independent nonprofit firefighting
corporation if the relief association is a subsidiary of an independent nonprofit firefighting
corporation and by the secretary of the independent nonprofit firefighting corporation; or

(3) by the chief financial official of the county in which the volunteer firefighter
relief association is located or primarily located if the relief association is associated with
a fire department that is not located in or associated with an organized municipality.

(d) The volunteer firefighters' relief association board must file the detailed new text beginfinancial
new text endstatement required under paragraph (a) in the relief association office for public inspection
and present it to the governing body of the municipality within 45 days after the close of
the fiscal year, and must submit a copy of the new text begincertified new text enddetailed new text beginfinancial new text endstatement to the
state auditor within 90 days of the close of the fiscal year.

new text begin (e) A certified public accountant or auditor who performs the agreed-upon
procedures under paragraph (b) is subject to the reporting requirements of section 6.67.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective July 1, 2015, and applies to financial
statements prepared for calendar year 2015 and thereafter.
new text end

Sec. 2.

Minnesota Statutes 2014, section 69.80, is amended to read:


69.80 AUTHORIZED ADMINISTRATIVE EXPENSES.

(a) Notwithstanding any provision of law to the contrary, the payment of the
following necessary, reasonable and direct expenses of maintaining, protecting and
administering the special fund, when provided for in the bylaws of the association and
approved by the board of trustees, constitutes authorized administrative expenses of a
volunteer firefighters' relief association organized under any law of this state or the
Bloomington Fire Department Relief Association:

(1) office expense, including, but not limited to, rent, utilities, equipment, supplies,
postage, periodical subscriptions, furniture, fixtures, and salaries of administrative
personnel;

(2) salaries of the officers of the association, or their designees, and salaries of the
members of the board of trustees of the association if the salary amounts are approved by
the governing body of the entity that is responsible for meeting any minimum obligation
under section 424A.092 or 424A.093, or Laws 2013, chapter 111, article 5, sections 31 to
42, and the itemized expenses of relief association officers and board members that are
incurred as a result of fulfilling their responsibilities as administrators of the special fund;

(3) tuition, registration fees, organizational dues, and other authorized expenses
of the officers or members of the board of trustees incurred in attending educational
conferences, seminars, or classes relating to the administration of the relief association;

(4) auditdeleted text begin,deleted text end new text beginand audit-related services, accounting and accounting-related services, and
new text endactuarial, medical, legal, and investment and performance evaluation expenses;

(5) filing and application fees payable by the relief association to federal or other
governmental entities;

(6) reimbursement to the officers and members of the board of trustees, or their
designees, for reasonable and necessary expenses actually paid and incurred in the
performance of their duties as officers or members of the board; and

(7) premiums on fiduciary liability insurance and official bonds for the officers,
members of the board of trustees, and employees of the relief association.

(b) Any other expenses of the relief association must be paid from the general fund
of the association, if one exists. If a relief association has only one fund, that fund is the
special fund for purposes of this section. If a relief association has a special fund and
a general fund, and any expense of the relief association that is directly related to the
purposes for which both funds were established, the payment of that expense must be
apportioned between the two funds on the basis of the benefits derived by each fund.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end

Sec. 3.

Minnesota Statutes 2014, section 424A.001, is amended by adding a
subdivision to read:


new text begin Subd. 12. new text end

new text begin Membership start date. new text end

new text begin Membership in a volunteer firefighters relief
association begins upon the date of hire by a municipality, a joint powers board, or an
independent nonprofit firefighting corporation with which the relief association is directly
associated, unless otherwise specified in the relief association bylaws.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective January 1, 2016.
new text end

Sec. 4.

Minnesota Statutes 2014, section 424A.002, subdivision 1, is amended to read:


Subdivision 1.

Authorization.

A municipal fire department or an independent
nonprofit firefighting corporation, with approval by the applicable municipality or
municipalities, may establish a new volunteer firefighters relief association or may retain
an existing volunteer firefighters relief association.new text begin A municipal fire department or an
independent nonprofit firefighting corporation may be associated with only one volunteer
firefighters relief association at one time.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end

Sec. 5.

Minnesota Statutes 2014, section 424A.016, subdivision 4, is amended to read:


Subd. 4.

Individual accounts.

(a) An individual account must be established for
each firefighter who is a member of the relief association.

(b) To each individual active member account must be credited an equal share of:

(1) any amounts of fire state aid new text beginand police and firefighter retirement supplemental
state aid
new text endreceived by the relief association;

(2) any amounts of municipal contributions to the relief association raised from
levies on real estate or from other available municipal revenue sources exclusive of fire
state aid; and

(3) any amounts equal to the share of the assets of the special fund to the credit of:

(i) any former member who terminated active service with the fire department to
which the relief association is associated before meeting the minimum service requirement
provided for in subdivision 2, paragraph (b), and has not returned to active service with
the fire department for a period no shorter than five years; or

(ii) any retired member who retired before obtaining a full nonforfeitable interest in
the amounts credited to the individual member account under subdivision 2, paragraph
(b), and any applicable provision of the bylaws of the relief association. In addition, any
investment return on the assets of the special fund must be credited in proportion to the
share of the assets of the special fund to the credit of each individual active member
account. Administrative expenses of the relief association payable from the special
fund may be deducted from individual accounts in a manner specified in the bylaws of
the relief association.

(c) If the bylaws so permit and as the bylaws define, the relief association may credit
any investment return on the assets of the special fund to the accounts of inactive members.

(d) Amounts to be credited to individual accounts must be allocated uniformly
for all years of active service and allocations must be made for all years of service,
except for caps on service credit if so provided in the bylaws of the relief association.
Amounts forfeited under paragraph (b), clause (3), before a resumption of active service
and membership under section 424A.01, subdivision 6, remain forfeited and may not be
reinstated upon the resumption of active service and membership. The allocation method
may utilize monthly proration for fractional years of service, as the bylaws or articles of
incorporation of the relief association so provide. The bylaws or articles of incorporation
may define a "month," but the definition must require a calendar month to have at least 16
days of active service. If the bylaws or articles of incorporation do not define a "month," a
"month" is a completed calendar month of active service measured from the member's
date of entry to the same date in the subsequent month.

(e) At the time of retirement under subdivision 2 and any applicable provision of the
bylaws of the relief association, a retiring member is entitled to that portion of the assets
of the special fund to the credit of the member in the individual member account which is
nonforfeitable under subdivision 3 and any applicable provision of the bylaws of the relief
association based on the number of years of service to the credit of the retiring member.

(f) Annually, the secretary of the relief association shall certify the individual
account allocations to the state auditor at the same time that the annual financial statement
or financial report and audit of the relief association, whichever applies, is due under
section 69.051.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end

Sec. 6.

Minnesota Statutes 2014, section 424A.02, subdivision 3, is amended to read:


Subd. 3.

Flexible service pension maximums.

(a) Annually on or before August
1 as part of the certification of the financial requirements and minimum municipal
obligation determined under section 424A.092, subdivision 4, or 424A.093, subdivision 5,
as applicable, the secretary or some other official of the relief association designated in the
bylaws of each defined benefit relief association shall calculate and certify to the governing
body of the applicable municipality the average amount of available financing per active
covered firefighter for the most recent three-year period. The amount of available financing
includes any amounts of fire state aid new text beginand police and firefighter retirement supplemental
state aid
new text endreceived or receivable by the relief association, any amounts of municipal
contributions to the relief association raised from levies on real estate or from other
available revenue sources exclusive of fire state aid, and one-tenth of the amount of assets in
excess of the accrued liabilities of the relief association calculated under section 424A.092,
subdivision 2
; 424A.093, subdivisions 2 and 4; or 424A.094, subdivision 2, if any.

(b) The maximum service pension which the defined benefit relief association has
authority to provide for in its bylaws for payment to a member retiring after the calculation
date when the minimum age and service requirements specified in subdivision 1 are met
must be determined using the table in paragraph (c) or (d), whichever applies.

(c) For a defined benefit relief association where the governing bylaws provide for
a monthly service pension to a retiring member, the maximum monthly service pension
amount per month for each year of service credited that may be provided for in the bylaws
is the greater of the service pension amount provided for in the bylaws on the date of the
calculation of the average amount of the available financing per active covered firefighter
or the maximum service pension figure corresponding to the average amount of available
financing per active covered firefighter:

Minimum Average Amount of Available
Financing per Firefighter
Maximum Service Pension Amount
Payable per Month for Each
Year of Service
$ ...
$ .25
41
.50
81
1.00
122
1.50
162
2.00
203
2.50
243
3.00
284
3.50
324
4.00
365
4.50
405
5.00
486
6.00
567
7.00
648
8.00
729
9.00
810
10.00
891
11.00
972
12.00
1053
13.00
1134
14.00
1215
15.00
1296
16.00
1377
17.00
1458
18.00
1539
19.00
1620
20.00
1701
21.00
1782
22.00
1823
22.50
1863
23.00
1944
24.00
2025
25.00
2106
26.00
2187
27.00
2268
28.00
2349
29.00
2430
30.00
2511
31.00
2592
32.00
2673
33.00
2754
34.00
2834
35.00
2916
36.00
2997
37.00
3078
38.00
3159
39.00
3240
40.00
3321
41.00
3402
42.00
3483
43.00
3564
44.00
3645
45.00
3726
46.00
3807
47.00
3888
48.00
3969
49.00
4050
50.00
4131
51.00
4212
52.00
4293
53.00
4374
54.00
4455
55.00
4536
56.00
4617
57.00
4698
58.00
4779
59.00
4860
60.00
4941
61.00
5022
62.00
5103
63.00
5184
64.00
5265
65.00
5346
66.00
5427
67.00
5508
68.00
5589
69.00
5670
70.00
5751
71.00
5832
72.00
5913
73.00
5994
74.00
6075
75.00
6156
76.00
6237
77.00
6318
78.00
6399
79.00
6480
80.00
6561
81.00
6642
82.00
6723
83.00
6804
84.00
6885
85.00
6966
86.00
7047
87.00
7128
88.00
7209
89.00
7290
90.00
7371
91.00
7452
92.00
7533
93.00
7614
94.00
7695
95.00
7776
96.00
7857
97.00
7938
98.00
8019
99.00
8100
100.00
any amount in excess of
8100
100.00

(d) For a defined benefit relief association in which the governing bylaws provide
for a lump-sum service pension to a retiring member, the maximum lump-sum service
pension amount for each year of service credited that may be provided for in the bylaws is
the greater of the service pension amount provided for in the bylaws on the date of the
calculation of the average amount of the available financing per active covered firefighter
or the maximum service pension figure corresponding to the average amount of available
financing per active covered firefighter for the applicable specified period:

Minimum Average Amount of Available
Financing per Firefighter
Maximum Lump-Sum Service
Pension Amount Payable for
Each Year of Service
$ ...
$ 10
11
20
16
30
23
40
27
50
32
60
43
80
54
100
65
120
77
140
86
160
97
180
108
200
131
240
151
280
173
320
194
360
216
400
239
440
259
480
281
520
302
560
324
600
347
640
367
680
389
720
410
760
432
800
486
900
540
1000
594
1100
648
1200
702
1300
756
1400
810
1500
864
1600
918
1700
972
1800
1026
1900
1080
2000
1134
2100
1188
2200
1242
2300
1296
2400
1350
2500
1404
2600
1458
2700
1512
2800
1566
2900
1620
3000
1672
3100
1726
3200
1753
3250
1780
3300
1820
3375
1834
3400
1888
3500
1942
3600
1996
3700
2023
3750
2050
3800
2104
3900
2158
4000
2212
4100
2265
4200
2319
4300
2373
4400
2427
4500
2481
4600
2535
4700
2589
4800
2643
4900
2697
5000
2751
5100
2805
5200
2859
5300
2913
5400
2967
5500
3021
5600
3075
5700
3129
5800
3183
5900
3237
6000
3291
6100
3345
6200
3399
6300
3453
6400
3507
6500
3561
6600
3615
6700
3669
6800
3723
6900
3777
7000
3831
7100
3885
7200
3939
7300
3993
7400
4047
7500
4101
7600
4155
7700
4209
7800
4263
7900
4317
8000
4371
8100
4425
8200
4479
8300
4533
8400
4587
8500
4641
8600
4695
8700
4749
8800
4803
8900
4857
9000
4911
9100
4965
9200
5019
9300
5073
9400
5127
9500
5181
9600
5235
9700
5289
9800
5343
9900
5397
10,000
any amount in excess of
5397
10,000

(e) For a defined benefit relief association in which the governing bylaws provide
for a monthly benefit service pension as an alternative form of service pension payment
to a lump-sum service pension, the maximum service pension amount for each pension
payment type must be determined using the applicable table contained in this subdivision.

(f) If a defined benefit relief association establishes a service pension in compliance
with the applicable maximum contained in paragraph (c) or (d) and the minimum average
amount of available financing per active covered firefighter is subsequently reduced
because of a reduction in fire state aid or because of an increase in the number of active
firefighters, the relief association may continue to provide the prior service pension
amount specified in its bylaws, but may not increase the service pension amount until
the minimum average amount of available financing per firefighter under the table in
paragraph (c) or (d), whichever applies, permits.

(g) No defined benefit relief association is authorized to provide a service pension in
an amount greater than the largest applicable flexible service pension maximum amount
even if the amount of available financing per firefighter is greater than the financing
amount associated with the largest applicable flexible service pension maximum.

(h) The method of calculating service pensions must be applied uniformly for all
years of active service. Credit must be given for all years of active service except for caps
on service credit if so provided in the bylaws of the relief association.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end

Sec. 7.

Minnesota Statutes 2014, section 424A.02, subdivision 3a, is amended to read:


Subd. 3a.

Penalty for paying pension greater than applicable maximum.

(a)
If a defined benefit relief association pays a service pension greater than the maximum
service pension associated with the applicable average amount of available financing per
active covered firefighter under the table in subdivision 3, paragraph (c) or (d), whichever
applies, the maximum service pension under subdivision 3, paragraph (f), or the applicable
maximum service pension amount specified in subdivision 3, paragraph (g), whichever is
less, the state auditor shall:

(1) disqualify the municipality or the nonprofit firefighting corporation associated
with the relief association from receiving fire state aid by making the appropriate
notification to the municipality and the commissioner of revenue, with the disqualification
applicable for the next apportionment and payment of fire state aid; and

(2) order the treasurer of the applicable relief association to recover the amount of
the overpaid service pension or pensions from any retired firefighter who received an
overpayment.

(b) Fire state aid amounts from disqualified municipalities for the period of
disqualifications under paragraph (a), clause (1), must be credited to the amount of
fire insurance premium tax proceeds available for the next subsequent fire state aid
apportionment.

(c) The amount of any overpaid service pension recovered under paragraph (a),
clause (2), must be credited to the amount of fire insurance premium tax proceeds
available for the next subsequent fire state aid apportionment.

(d) The determination of the state auditor that a relief association has paid a service
pension greater than the applicable maximum must be made on the basis of the information
filed by the relief association and the municipality with the state auditor under sections
69.011, subdivision 2, and 69.051, subdivision 1 or 1a, whichever applies, and any other
relevant information that comes to the attention of the state auditor. The determination
of the state auditor is final. An aggrieved municipality, relief association, or person may
appeal the determination under section 480A.06.

new text begin (e) The state auditor may certify, upon learning that a relief association overpaid
a service pension based on an error in the maximum service pension calculation, the
municipality or nonprofit firefighting corporation associated with the relief association
for fire state aid if (1) there is evidence that the error occurred in good faith, and (2) the
relief association has initiated recovery of any overpayment amount. Notwithstanding
paragraph (c), all overpayments recovered under this paragraph must be credited to the
relief association's special fund.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end

Sec. 8.

Minnesota Statutes 2014, section 424A.02, subdivision 9a, is amended to read:


Subd. 9a.

Postretirement increases.

Notwithstanding any provision of general or
special law to the contrary, a defined benefit relief association paying a monthly service
pension may provide a postretirement increase to retired members and ancillary benefit
recipients of the relief association if (1) the relief association adopts an appropriate
bylaw amendment; and (2) the bylaw amendment is approved by the municipality
pursuant to subdivision 10 and section 424A.093, subdivision 6. The postretirement
increase is applicable only to retired members and ancillary benefit recipients receiving a
new text beginmonthly new text endservice pension or new text beginmonthly new text endancillary benefit as of the effective date of the bylaw
amendment. The authority to provide a postretirement increase to retired members and
ancillary benefit recipients of a relief association contained in this subdivision supersedes
any prior special law authorization relating to the provision of postretirement increases.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end

Sec. 9.

Minnesota Statutes 2014, section 424A.05, subdivision 2, is amended to read:


Subd. 2.

Special fund assets and revenues.

The special fund must be credited
with all fire state aid deleted text beginmoneysdeleted text endnew text begin and police and firefighter retirement supplemental state
aid
new text end received under sections 69.011 to 69.051new text begin and 423A.022new text end, all taxes levied by or other
revenues received from the municipality under sections 424A.091 to 424A.096 or any
applicable special law requiring municipal support for the relief association, any deleted text beginmoneys
deleted text endnew text beginfundsnew text end or property donated, given, granted or devised by any person which is specified for
use for the support of the special fund and any interest or investment return earned upon
the assets of the special fund. The treasurer of the relief association is the custodian of
the assets of the special fund and must be the recipient on behalf of the special fund of
all revenues payable to the special fund. The treasurer shall maintain adequate records
documenting any transaction involving the assets or the revenues of the special fund.
These records and the bylaws of the relief association are public and must be open for
inspection by any member of the relief association, any officer or employee of the state or
of the municipality, or any member of the public, at reasonable times and places.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end

Sec. 10.

Minnesota Statutes 2014, section 424A.05, subdivision 3, is amended to read:


Subd. 3.

Authorized disbursements from special fund.

new text begin(a) new text endDisbursements from
the special fund may not be made for any purpose other than one of the following:

(1) for the payment of service pensions to retired members of the relief association if
authorized and paid under law and the bylaws governing the relief association;

(2) for the purchase of an annuity for the applicable person under section 424A.015,
subdivision 3, for the transfer of service pension or benefit amounts to the applicable
person's individual retirement account under section 424A.015, subdivision 4, or to the
applicable person's account in the Minnesota deferred compensation plan under section
424A.015, subdivision 5;

(3) for the payment of temporary or permanent disability benefits to disabled
members of the relief association if authorized and paid under law and specified in amount
in the bylaws governing the relief association;

(4) for the payment of survivor benefits or for the payment of a death benefit to the
estate of the deceased active or deferred firefighter, if authorized and paid under law and
specified in amount in the bylaws governing the relief association;

(5) for the payment of the fees, dues and assessments to the Minnesota State Fire
Department Association and to the Minnesota State Fire Chiefs Association in order to
entitle relief association members to membership in and the benefits of these associations
or organizations;

(6) for the payment of insurance premiums to the state Volunteer Firefighters Benefit
Association, or an insurance company licensed by the state of Minnesota offering casualty
insurance, in order to entitle relief association members to membership in and the benefits
of the association or organization; and

(7) for the payment of administrative expenses of the relief association as authorized
under section 69.80.

new text begin (b) Checks or authorizations for electronic fund transfers for disbursements
authorized by this section must be signed by the relief association treasurer and at least one
other elected trustee who has been designated by the board of trustees to sign the checks or
authorizations. A relief association may make disbursements authorized by this subdivision
by electronic funds transfers only if the specific method of payment and internal control
policies and procedures regarding the method are approved by the board of trustees.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective July 1, 2015.
new text end

Sec. 11.

Minnesota Statutes 2014, section 424A.092, subdivision 3, is amended to read:


Subd. 3.

Financial requirements of relief association; minimum obligation of
municipality.

(a) During the month of July, the officers of the relief association shall
determine the overall funding balance of the special fund for the current calendar year,
the financial requirements of the special fund for the following calendar year and the
minimum obligation of the municipality with respect to the special fund for the following
calendar year in accordance with the requirements of this subdivision.

(b) The overall funding balance of the special fund for the current calendar year must
be determined in the following manner:

(1) The total accrued liability of the special fund for all active and deferred members
of the relief association as of December 31 of the current year must be calculated under
subdivisions 2 and 2a, if applicable.

(2) The total present assets of the special fund projected to December 31 of the
current year, including receipts by and disbursements from the special fund anticipated to
occur on or before December 31, must be calculated. To the extent possible, for those
assets for which a market value is readily ascertainable, the current market value as of the
date of the calculation for those assets must be utilized in making this calculation. For any
asset for which no market value is readily ascertainable, the cost value or the book value,
whichever is applicable, must be utilized in making this calculation.

(3) The amount of the total present assets of the special fund calculated under cla