1.1 	A bill for an act
1.2 	relating to retirement; authorizing a service credit purchase for the Teachers 
1.3 	Retirement Association.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. TEACHERS RETIREMENT ASSOCIATION; SERVICE CREDIT 
1.6 	PURCHASE AUTHORIZATION.
 1.7 	(a) Notwithstanding any provision of Minnesota Statutes, chapter 354, to the 
1.8 	contrary, an eligible person described in paragraph (b) may purchase allowable and 
1.9 	formula service credit under Minnesota Statutes, section 354.05, subdivisions 13 and 25, 
1.10 	from the Teachers Retirement Association, for the period specified in paragraph (c), by 
1.11 	making the payment required under paragraph (d). 
1.12 	(b) An eligible person is a person who: 
1.13 	(1) was born on December 8, 1974; and 
1.14 	(2) took a leave of absence from teaching in Wayzata, Independent School District, 
1.15 	No. 284, from January, 2006, through March, 2006, during which the person did not 
1.16 	receive allowable and formula service credit from the Teachers Retirement Association. 
1.17 	(c) The period of prior service credit available for purchase is 26.5 days. 
1.18 	(d) The purchase payment amount under this section is the amount calculated in 
1.19 	Minnesota Statutes, section 356.551. 
1.20 	(e) The election to purchase prior service credit under this section must be made 
1.21 	in writing and must be filed with the executive director of the Teachers Retirement 
1.22 	Association. The executive director may require documentation of the applicability of this 
1.23 	section and any other relevant information from the eligible person.

2.1 	EFFECTIVE DATE. This section is effective the day following final enactment.