SF 1736

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to retirement; Teachers Retirement
Association; authorizing purchase of prior service
credit for teaching service in Montana.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin TEACHERS RETIREMENT ASSOCIATION; PURCHASE OF
PRIOR SERVICE CREDIT FOR MONTANA TEACHING SERVICE.
new text end

new text begin (a) An eligible person described in paragraph (b) is
authorized to purchase service credit, in accordance with
Minnesota Statutes, section 356.551, from the Teachers
Retirement Association coordinated program for a period of
teaching service in Montana public schools, not to exceed ten
years.
new text end

new text begin (b) An eligible person is a person who:
new text end

new text begin (1) is currently an active member of the Teachers
Retirement Association for teaching service at the Northfield
Middle School in Independent School District No. 659;
new text end

new text begin (2) was born on January 1, 1959; and
new text end

new text begin (3) was a teacher at the Pine Hills School in Miles City,
Montana, for 11.2 years with coverage for that service by the
Montana Teachers Retirement System.
new text end

new text begin (c) An eligible person described in paragraph (b) is
authorized to apply with the executive director of the Teachers
Retirement Association to make the service credit purchase under
this section. The application must be in writing and must
include all necessary documentation of the applicability of this
section, and any other relevant information which the executive
director may require. The payment required under this section
to receive the service credit must be received by the executive
director of the Teachers Retirement Association before December
31, 2005, and before the eligible person's retirement or
termination from service. The service credit authorized by this
section shall be granted upon receipt of the service credit
purchase payment by the executive director.
new text end

new text begin (d) The authority under this section is voided if an
eligible person under paragraph (b) retains a right to an
annuity from the Montana Teachers Retirement System.
new text end

Sec. 2. new text begin EFFECTIVE DATE.
new text end

new text begin Section 1 is effective the day following final enactment.
new text end