1997 Minnesota Statutes

     356.452 Refund. 

    Any person who is a member of any public pension plan or 
 fund to which the provisions of Laws 1978, chapter 720 apply on 
 March 30, 1978, and who is excluded from that membership 
 pursuant to Laws 1978, chapter 720 shall be entitled, upon 
 making a valid application, to a refund of the accumulated 
 employee or member contributions to the person's credit for the 
 period of employment in subsidized on-the-job training, work 
 experience or public service employment as an enrollee under the 
 federal Comprehensive Employment and Training Act plus interest 
 at the rate of 3-1/2 percent per annum compounded annually from 
 the date of commencement of coverage by the pension plan or 
 fund, computed to the first day of the month in which the refund 
 is processed, and based on the fiscal year balances.  The refund 
 shall be made without any requirement that the person terminate 
 service prior to becoming eligible to receive the refund and 
 shall be made without any minimum waiting period provided for in 
 the provisions of the plan.  Notwithstanding any law to the 
 contrary, a refund taken under this section may be repaid to the 
 fund from which it was taken at the fund's applicable rate of 
 interest after attaining unsubsidized public employment with 
 public pension plan or fund coverage and while so employed prior 
 to retirement whether with the same public employer which 
 provided the subsidized employment or another public employer. 

    HIST: 1978 c 720 s 20