Legislative Session number- 86

Bill Name: SF0914

Relating to retirement; authorizing the consolidation of the Minneapolis
employees retirement fund (MERF) with the general employees retirement plan of
the public employees retirement association (PERA), specifying certain
requirements and restrictions; clarifying and revising certain provisions under
PERA; making certain conforming amendments to certain other statutory
provisions; redefining certain terms; adjusting contribution requirements and
requiring certain special former MERF employer contributions; modifying
retirement annuity upon termination of membership age and allowable service
requirements; allowing an alternative retirement annuity formula in certain
cases; prohibiting former MERF members from receiving an early retirement
annuity under certain conditions; modifying survivor and disability benefits;
modifying certain requirements for reemployment of annuitant; providing for
consolidation of MERF and specifying an effective date, providing for transfer
of title to assets to the state board of investment; modifying certain existing
metropolitan sanitary districts and joint sewer boards retirement options;
modifying certain metropolitan airports commission (MAC) retirement provisions;
providing for transfer of MERF employees and employment preference; specifying
certain reference and other change instructions to the revisor of statutes;
repealing certain retirement provisions relating to MERF
(je)