1.1    .................... moves to amend H.F. No. 1978, the delete everything amendment
1.2(1978-6A), as follows:
1.3Page 118, after line 21, insert:

1.4    "Section 1. Minnesota Statutes 2006, section 3.85, subdivision 10, is amended to read:
1.5    Subd. 10. Standards for pension valuations and cost estimates. The commission
1.6shall adopt standards prescribing specific detailed methods to calculate, evaluate, and
1.7display current and proposed law liabilities, costs, and actuarial equivalents of all public
1.8employee pension plans in Minnesota. These standards shall be consistent with chapter
1.9356 and be updated annually. The standards must not contain a valuation requirement that
1.10is inconsistent with generally accepted accounting principles applicable to government
1.11pension plans."
1.12Renumber the sections in sequence and correct the internal references
1.13Amend the title accordingly