Minnesota Session Laws - 1992, Regular Session

  

                         Laws of Minnesota 1992 

                        CHAPTER 368-H.F.No. 2259 
           An act relating to retirement; setting an earlier 
          accrual date for a certain retired member of the state 
          retirement system. 
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
    Section 1.  [REVISED RETIREMENT ACCRUAL DATE IN CERTAIN 
INSTANCES.] 
    Notwithstanding any provision of Minnesota Statutes, 
section 352.115, subdivision 8, to the contrary, a person who 
terminated employment with the state department of 
transportation on July 8, 1991, who applied for a retirement 
annuity on October 8, 1991, and who retired effective August 9, 
1991, is entitled to have the person's retirement annuity accrue 
as of July 1, 1991. 
    Any additional benefit amount payable by virtue of this 
change in benefit accrual date must be paid as soon as 
practicable following the effective date of this section, plus 
interest at the rate of seven-tenths of one percent per month. 
    Sec. 2.  [EFFECTIVE DATE.] 
    Section 1 is effective on the day following final enactment.
    Presented to the governor March 19, 1992 
    Signed by the governor March 20, 1992, 4:23 p.m