HF 1336

as introduced - 79th Legislature (1995 - 1996) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to retirement; waiving annuity reduction 
  1.3             provisions for certain retired members of the teachers 
  1.4             retirement association. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [NO ANNUITY REDUCTION.] 
  1.7      (a) The annuity reduction provisions of Minnesota Statutes, 
  1.8   section 354.44, subdivision 5, do not apply to a person who: 
  1.9      (1) retires from employment as a teacher in a school 
  1.10  district with at least ten years of service credit in the 
  1.11  district from which the person retired; 
  1.12     (2) was employed by the district on a full-time basis 
  1.13  immediately preceding retirement; 
  1.14     (3) begins drawing an annuity from the teachers retirement 
  1.15  association; and 
  1.16     (4) returns to work in the district from which the person 
  1.17  retired to teach classes for which credit in a Minnesota 
  1.18  post-secondary institution is given and for which no other 
  1.19  qualified teacher is available to the employing district. 
  1.20     (b) A person covered by this section may not earn more than 
  1.21  $30,000 in a calendar year from employment in the district from 
  1.22  which the person retired. 
  1.23     (c) A person covered by this section may not earn further 
  1.24  service credit in the teachers retirement association as a 
  1.25  result of service under this section. 
  2.1      (d) This section applies to service performed during the 
  2.2   1993-1994 school year and subsequent years.  The teachers 
  2.3   retirement association shall pay a person covered by this 
  2.4   section an amount equal to any reduction in the person's 
  2.5   annuities in those years in accordance with Minnesota Statutes, 
  2.6   section 354.44, subdivision 5.