1997 Minnesota Statutes

     423.384 Service pensions.  

    A member of any such association as herein defined, who has 
 completed a period, or periods of service, as a police officer 
 in the police department of any such city, equal to 20 years or 
 more, shall, after arriving at the age of 50 years or more, and 
 retiring from the payroll of the police department of such city, 
 be entitled to receive from the association, a service pension 
 in such amount as shall be fixed by the bylaws of the 
 association, which pension shall in no event be less than $75 
 per month, nor more than one-half of the prevailing pay of such 
 police officer during the major portion of the year immediately 
 preceding retirement, and thereafter the maximum pension of such 
 police officer shall not exceed one-half of the prevailing pay 
 of active members of the association of equivalent rank, or the 
 position most closely analogous thereto, and shall be payable 
 monthly during the term of natural life, subject to the bylaws 
 of such association, provided however that those police officers 
 who are members of any such association at the time of the 
 passage, April 19, 1949, shall be entitled to a minimum service 
 pension equal to one-half of the monthly based pay of such 
 police officer at the time of the passage of this act.  All 
 leaves of absence of more than 90 days except such as are 
 granted to a member because of disability due to sickness or 
 accident, shall be excluded in computing the period of service.  
 No deductions shall be made for a leave of absence granted to a 
 member to enable the member to accept an appointive position in 
 said police department not subject to the provisions of sections 
 423.37 to 423.391.  No member shall be entitled to draw both a 
 disability and a service pension.  

    HIST: 1943 c 521 s 15; 1947 c 625 s 9; 1949 c 496 s 2; 1953 c 
 35 s 4; 1986 c 444