A03-0425
Senator ............ moves to amend S.F. No. 1156 as
follows:
Page 1, line 7, delete "354B.40" and "136F.475"
Page 1, lines 11 and 13, delete "separation" and insert
"retirement"
Page 2, line 3, before "consistent" insert "or the
chancellor with respect to the office of the chancellor,"
Page 2, line 13, after "university" insert "or the
chancellor with respect to the office of the chancellor,"
Page 2, line 16, after "university" insert "or the office
of the chancellor" and after "president" insert "or chancellor"
Page 2, lines 18, 20, and 30, delete "separation" and
insert "retirement"
Page 2, after line 22, insert:
"(h) A person must be at least 55 years of age to be
eligible to receive an early retirement incentive under this
section."
Page 2, line 23, delete "354B.41" and insert "136F.476"
Page 2, lines 24 and 28, delete "354B.40" and insert
"136F.475"
Page 2, after line 31, insert:
"Sec. 3. REPORTING.
Each college or university that offers early retirement
incentives under section 1 shall annually report to the
Minnesota colleges and universities board the types of early
retirement incentives offered, the number of individuals
receiving each type of incentive, and the cost or savings
resulting from the incentives. The Minnesota state colleges and
universities board shall report summary data on the incentives
offered under section 1 to the legislative commission on
pensions and retirement.
Sec. 4. SEPARATION FROM SERVICE.
Except in urgent situations approved by the board or for
employees who are covered by Minnesota Statutes, sections
136F.48 and 354.445, a person receiving an early retirement
incentive under section 1 shall not be reemployed by the
Minnesota state colleges and universities for at least three
years following retirement under section 1."
Page 2, line 32, after "DATE" insert "; EXPIRATION"
Page 2, line 33, delete "and 2" and insert "to 4"
Page 2, line 34, before the period, insert "and expire June
30, 2008"
Renumber the sections in sequence and correct the internal
references
Amend the title accordingly