1997 Minnesota Statutes

     356.19 Retirement benefit formula percentages. 

    Subdivision 1.    Coordinated plan members.  The 
 applicable benefit accrual rate is 1.2 percent. 

    Subd. 2.    Coordinated plan members.  The applicable 
 benefit accrual rate is 1.7 percent. 

    Subd. 3.    Basic plan members.  The applicable benefit 
 accrual rate is 2.2 percent. 

    Subd. 4.    Basic plan members.  The applicable benefit 
 accrual rate is 2.7 percent. 

    Subd. 5.    Correctional plan members.  The applicable 
 benefit accrual rate is 2.4 percent. 

    Subd. 6.    State troopers plan and police and fire plan 
 members.  The applicable benefit accrual rate is 3.0 percent. 

    Subd. 7.    Judges plan.  The applicable benefit accrual 
 rate is 2.7 percent. 

    Subd. 8.    Judges plan.  The applicable benefit accrual 
 rate is 3.2 percent. 

    Subd. 9.    Future benefit accrual rate increases.  
 After January 2, 1998, benefit accrual rate increases under this 
 section must apply only to allowable service or formula service 
 rendered after the effective date of the benefit accrual rate 
 increase. 

    HIST: 1997 c 233 art 1 s 55