1.1                                         A bill for an act
1.2      relating to retirement; Teachers Retirement Association; authorizing the 
1.3      acquisition of service credit for the Red Wing public school strike.
1.4      BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5          Section 1. RED WING PUBLIC SCHOOL STRIKE; SERVICE CREDIT 
1.6      PURCHASE AUTHORIZATION.
1.7      Notwithstanding any provision of Minnesota Statutes, section 356.195, to the 
1.8      contrary, a teacher who was employed by Independent School District No. 256 (Red 
1.9      Wing) and participated in the strike in 2002 and retired before July 26, 2005, is authorized 
1.10     to purchase service credit from the Teachers Retirement Association for that strike period 
1.11     under Minnesota Statutes, section 356.195, subdivision 2, paragraph (c). The service credit 
1.12     must be purchased before July 1, 2007. If a retired Red Wing teacher purchases service 
1.13     credit under this section, the person's retirement annuity must be recalculated in light of 
1.14     the additional service credit consistent with any optional annuity form originally selected.

1.15         Sec. 2. EFFECTIVE DATE.
1.16     (a) Section 1 is effective the day following final enactment.
1.17     (b) Section 1 expires on July 1, 2007.