1.1.................... moves to amend S.F. No. 1705; H.F. No. 2126, as follows:
1.2Page 1, delete section 1 and insert:

1.3    "Section 1. Minnesota Statutes 2016, section 352F.04, subdivision 1, is amended to read:
1.4    Subdivision 1. Enhanced augmentation rates. (a) The deferred annuity of a terminated
1.5hospital employee who attained that status before June 2, 2006, is subject to augmentation
1.6under Minnesota Statutes 1994, section 352.72, subdivision 2, except that the rate of
1.7augmentation is 5.5 percent compounded annually until to be applied each January 1 is the
1.8following the year in which the person attains age 55.:

1.9		January 1, 2018	4.5 percent
1.10		January 1, 2019	3.75 percent
1.11		January 1, 2020	3.0 percent
1.12		January 1, 2021	2.25 percent
1.13		January 1, 2022	1.5 percent
1.14		January 1, 2023	0.75 percent
1.15		After December 31, 2023, the deferred annuity must not be augmented.

1.16Augmentation for each year is effective as of January 1 of that year.
1.17From that date to the effective date of retirement, the augmentation rate is 7.5 percent
1.18compounded annually.
1.19(b) If a terminated hospital employee attained that status on or after June 2, 2006, the
1.20augmentation rate is four percent compounded annually until January 1, following the year
1.21in which the person attains age 55. From that date to the effective date of retirement, the
1.22augmentation rate is six percent compounded annually."
1.23Page 2, delete section 2
1.24Renumber the sections in sequence
1.25Amend the title accordingly