1.1.................... moves to amend H.F. No. 2922, the first committee engrossment
1.2(CEH2922-1), as follows:
1.3Page 2, delete line 2 and insert "ADMINISTRATIVE CONSOLIDATION OF
1.4THE MINNEAPOLIS EMPLOYEES RETIREMENT FUND INTO THE PUBLIC
1.5EMPLOYEES RETIREMENT ASSOCIATION"
1.6Page 6, lines 28 and 30, strike "shall" and insert "must"
1.7Page 8, line 4, before "chapter" insert "Minnesota Statutes 2008,"
1.8Page 10, line 28, delete "through" and insert "to"
1.9Page 15, line 16, strike "shall" and insert "must"
1.10Page 22, line 15, after "1978" insert a comma
1.11Page 22, line 16, after "1979" insert a comma
1.12Page 25, delete lines 11 to 28 and insert:
1.13"(e) Annually after June 30, 2012, the employer supplemental contribution to
1.14the MERF division account by the city of Minneapolis, Special School District No. 1,
1.15Minneapolis, a Minneapolis-owned public utility, improvement, or municipal activity,
1.16Hennepin county, the Metropolitan Council, the Metropolitan Airports Commission, and
1.17the Minnesota State Colleges and Universities system is the larger of the following:
1.18(1) the amount by which the total actuarial required contribution determined under
1.19section 356.215 by the approved actuary retained by the Public Employees Retirement
1.20Association in the most recent actuarial valuation of the MERF division and based on a
1.21June 30, 2031, amortization date, after subtracting the contributions under paragraphs
1.22(b), (c), and (d), exceeds $24,000,000; or
1.23(2) the amount of $27,000,000, but the total supplemental contribution amount
1.24plus the contributions under paragraphs (c) and (d) may not exceed $34,000,000. Each
1.25employing unit's share of the total employer supplemental contribution amount is equal
1.26to the applicable portion specified in paragraph (g). The initial total actuarial required
1.27contribution after June 30, 2012, must be calculated using the mortality assumption change
2.1recommended on September 30, 2009, for the Minneapolis Employees Retirement Fund
2.2by the approved consulting actuary retained by the Minneapolis Employees Retirement
2.3Fund board."
2.4Page 25, line 33, delete "$......." and insert "$24,000,000" and delete "and"
2.5Page 26, line 2, delete "next"
2.6Page 26, after line 11, insert:
2.7"(g) The employer supplemental contribution under paragraph (e) or the special
2.8additional employer contribution under paragraph (f) must be allocated between the city
2.9of Minneapolis, Special School District No. 1, Minneapolis, any Minneapolis-owned
2.10public utility, improvement, or municipal activity, the Minnesota State Colleges and
2.11Universities system, Hennepin County, the Metropolitan Council, and the Metropolitan
2.12Airports Commission in proportion to their share of the actuarial accrued liability of the
2.13former Minneapolis Employees Retirement Fund as of July 1, 2009, as calculated by the
2.14approved actuary retained under section 356.214 as part of the actuarial valuation prepared
2.15as of July 1, 2009, under section 356.215 and the Standards for Actuarial Work adopted by
2.16the Legislative Commission on Pensions and Retirement."
2.17Page 26, line 12, delete "(g)" and insert "(h)"
2.18Page 26, line 14, delete "(h)" and insert "(i)"
2.19Page 34, line 35, strike "shall" and insert "must"
2.20Page 35, line 28, delete "$......." and insert "$15,000,000"
2.21Page 37, line 23, delete everything after the period
2.22Page 37, line 24, delete "employee" and insert "employees"
2.23Page 38, line 6, delete "The transferred employee" and insert "Transferred
2.24employees"
2.25Page 38, after line 20, insert:

2.26    "Sec. 26. MINNEAPOLIS EMPLOYEES RETIREMENT FUND.
2.27$10,000,000 in fiscal year 2010 is appropriated to the Minneapolis employees
2.28retirement fund, and is payable to the Minneapolis employees retirement fund on or before
2.29June 29, 2010. This is a onetime appropriation, and is in addition to the amounts paid by
2.30the state in fiscal year 2010 under Minnesota Statutes, section 422A.101, subdivision 2."
2.31Page 39, delete line 6 and insert:
2.32"(a) Sections 1 to 25, 27, and 28 are effective June 30, 2010.
2.33(b) Section 26 is effective the day following final enactment."
2.34Page 39, line 8, after "CHANGES" insert "RELATED TO THE MERF
2.35ADMINISTRATIVE CONSOLIDATION"
2.36Page 39, line 22, strike "shall" and insert "must"
3.1Page 41, lines 5, 6, 11, and 13, strike "shall" and insert "must"
3.2Page 41, line 25, strike "shall be" and insert "is"
3.3Page 42, line 4, strike "shall" and insert "must"
3.4Page 51, line 23, strike "shall" and insert "must"
3.5Page 51, line 28, strike "shall be" and insert "is"
3.6Page 54, line 35, delete "general" and strike "employees retirement fund" and insert
3.7"Public Employees Retirement Association"
3.8Page 56, line 16, delete "general" and strike "employees retirement fund"and insert
3.9"Public Employees Retirement Association"
3.10Page 56, line 17, delete "general" and strike "employees" and insert "Public
3.11Employees Retirement Association"
3.12Page 56, line 18, strike "retirement fund"
3.13Page 57, line 13, strike "shall" and insert "must"
3.14Page 60, line 2, delete "shall be" and insert "is"
3.15Page 60, line 3, after "qualified" insert a comma
3.16Page 60, line 9, strike "shall" and insert "must"
3.17Page 60, line 11, strike "shall" and insert "does"
3.18Page 71, line 18, strike "pursuant to" and insert "under"
3.19Page 71, lines 19 and 23, strike "shall"
3.20Page 71, line 24, strike "be" and insert "are"
3.21Page 71, line 30, strike "pursuant to" and insert "under"
3.22Page 71, line 31, strike "pursuant to" and insert "under" and strike "shall" and insert
3.23"may"
3.24Page 72, lines 1, 3, 4, and 12, strike "shall" and insert "must"
3.25Page 72, line 13, strike "shall" and insert "does"
3.26Page 72, lines 25 and 27, strike "shall" and insert "must"
3.27Page 73, line 1, strike "shall" and insert "must"
3.28Page 73, line 9, strike "pursuant"
3.29Page 73, line 10, strike "to" and insert "under"
3.30Renumber the sections in sequence and correct the internal references
3.31Amend the title accordingly