Legislative Session number- 85

Bill Name: SF1892

Modifying St. Paul teachers retirement fund association provisions, modifying
the aid adjustment computation required by the commissioner of education to
independent school district #625, St. Paul and the employer regular contribution
to the fund; increasing the state payment to the fund; continuing independent
school district #625, St. Paul payments to the fund until a certain date;
requiring executive director determination of the postretirement adjustment and
modifying the eligibility period, eliminating an additional investment
postretirement percentage; providing for a cost of living adjustment, specifying
calculation; establishing a new amortization (full funding) date; repealing an
aid adjustment termination due to employer retirement contribution rate changes
and a St. Paul teacher retirement fund association supplemental administrative
expense assessment
(rt)