Public employees police and fire retirement plan; payment of a normal retirement annuity without reduction or suspension upon employment or reemployment on or after 55 years of age permitted.
Public employees police and fire retirement plan; payment of normal retirement annuity without reduction or suspension upon employment or reemployment on or after 5 years of age permitted.
State Patrol retirement plan and public employees police and fire retirement plan provisions modified; employee contribution rates reduced; postretirement adjustments increased; vesting and return to work requirements modified, employer contribution rate decreased, and supplemental employer contribution added; and direct state aids increased and added.
Teachers Retirement Association and St. Paul Teacher Retirement Fund Association; retirement annuity statutes modified to authorize an unreduced normal retirement annuity when age and service equal at least 90.
Public Employees Retirement Association; transfer of service credit from general employees retirement plan to police and fire retirement plan permitted for two employees of Metropolitan Airports Commission.
Administrative changes made to the statutes governing the retirement plans administered by the Minnesota State Retirement System, the Public Employees Retirement Association, and the Teachers Retirement Association; and experience requirements modified for a Teachers Retirement Association executive director.