Career rule for teachers aged 60 with 30 years of service created.

This bill amends Minnesota statutes to update pension contribution rates and annuity calculation formulas for teachers in the state's retirement systems. It establishes specific employer contribution percentages for certain districts like Minneapolis and Duluth while adjusting the rates for other districts. Additionally, the legislation modifies how retirement annuities are computed based on years of service, distinguishing between different periods of employment and membership types. These changes directly affect teachers and school districts in Minnesota by altering the financial terms of their retirement benefits.