Legislative Session number- 83

Bill Name: HF2773

hf2773SECOND ENGROSSMENTMinneapolis Teachers Retirement Fund Association
investment of state +aid by State Board of Investment required, administrative
expense surcharge +revised, and additional funding required.Section 1:
Reimbursement of certain investment underperformance +provided.Sec. 2: Special
direct state aid to first class city teachers +retirement fund associations
modified.Sec. 3: State matching aid provisions modified.Sec. 4: MTRFA and
SPTRFA supplemental administrative expense +assessment amounts modified.Sec. 5:
Investment procedures for state aid to Minneapolis teachers +retirement plan
established.Sec. 6: Additional increase required.Sec. 7: Effective date.AE