127A.50 AID ADJUSTMENTS DUE TO CHANGES IN EMPLOYER RETIREMENT
Subdivision 1. Aid adjustment.
Beginning in fiscal year 1998 and each year thereafter,
the commissioner of education shall adjust state aid payments to school operating funds for
Independent School District No. 625 and Independent School District No. 709 by the net amount
of clauses (1) and (2), for Special School District No. 1 by the net amount of clauses (1), (2), and
(4), and for all other districts, including charter schools, but excluding any education organizations
that are prohibited from receiving direct state aids under section
, by the net amount of clauses (1), (2), (3), and (4):
(1) a decrease equal to each district's share of the fiscal year 1997 adjustment effected under
Minnesota Statutes 1996, section
(2) an increase equal to one percent of the salaries paid to members of the general plan of the
Public Employees Retirement Association in fiscal year 1997, multiplied by 0.35 for fiscal year
1998 and 0.70 each year thereafter;
(3) a decrease equal to
percent of the salaries paid to members of the Teachers
Retirement Association in fiscal year 1997; and
(4) an increase equal to 0.5 percent of the salaries paid to members of the Teachers
Retirement Association in fiscal year 2007.
Subd. 2. Appropriation.
The amounts necessary to pay any positive net adjustments
under this section to any school district are appropriated annually from the general fund to the
commissioner of education.
Subd. 3. Limits on adjustments and potential reductions.
Increases to any school districts
under subdivision 1, clause (2), and decreases under subdivision 1, clauses (1) and (3), are limited
to the fiscal year 1999 amounts. The commissioner of education may permanently reduce the
adjustments to school districts under subdivision 1, clauses (1) and (2), in the same manner as
prescribed for nonschool jurisdictions under section
273.1385, subdivision 2
. The commissioner
may, from time to time, require that the most recent fiscal year payroll information be certified
by the executive director of the Teachers Retirement Association. For any school district where
the newly certified Teachers Retirement Association payroll is significantly lower than the fiscal
1997 amount as determined by the commissioner, the commissioner shall recalculate the lower
reduction under subdivision 1, clause (3), and shall permanently reduce the adjustment amount
in subsequent years.
Subd. 4. Effect of reorganizations.
The commissioner of education shall reapportion the aid
adjustments to school districts under this section to account for significant changes in boundaries
or consolidations, as determined by the commissioner. If a school district is dissolved, or a school
district function thereof is assumed by either the state or a nonpublic organization, adjustments for
all or the appropriate fraction of the total payroll under this section must terminate.
Subd. 5. Adjustment termination.
All adjustments under this section terminate on June
History: 1997 c 233 art 1 s 14; 1998 c 397 art 4 s 51; art 11 s 3; 1Sp2001 c 6 art 1 s 40;
2003 c 130 s 12; 2006 c 277 art 3 s 1
The amendment to subdivision 1 by Laws 2006, chapter 277, article 3, section 1,
is effective for revenue for fiscal year 2008. Laws 2006, chapter 277, article 3, section 1, the