.................... moves to amend H. F. No. ..... as follows:
Page ...,, after line ..., insert:

    "Sec. .... Minnesota Statutes 2006, section 3A.02, subdivision 5, is amended to read:
    Subd. 5. Optional annuities. (a) The board of directors shall establish an optional
retirement annuity in the form of a joint and survivor annuity and an optional retirement
annuity in the form of a period certain and life thereafter. Except as provided in paragraph
(b), these optional annuity forms must be actuarially equivalent to the normal allowance
computed under this section, plus the actuarial value of any surviving spouse benefit
otherwise potentially payable at the time of retirement under section 3A.04, subdivision 1.
An individual selecting an optional annuity under this subdivision and the person's spouse
waive any rights to surviving spouse benefits under section 3A.04, subdivision 1.
    (b) If a retired legislator selects the joint and survivor annuity option, the retired
legislator must receive a normal single-life allowance if the designated optional annuity
beneficiary dies before the retired legislator and no reduction may be made in the annuity
to provide for restoration of the normal single-life allowance in the event of the death of
the designated optional annuity beneficiary.
    (c) The surviving spouse of a legislator who has attained at least age 55 and who dies
while a member of the legislature may elect an optional joint and survivor annuity under
paragraph (a), in lieu of surviving spouse benefits under section 3A.04, subdivision 1.
    (d) The surviving spouse of a deceased former legislator may elect an optional joint
and survivor annuity under paragraph (a) in lieu of surviving spouse benefits under section
3A.04, subdivision 1, on or after the date the former legislator would have reached age 55."