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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

Official Publication of the State of Minnesota
Revisor of Statutes