1999 Minnesota Statutes

     354.537 Peace Corps or VISTA service credit purchase. 

    Subdivision 1.    Service credit purchase authorized.  A 
 teacher who has at least three years of allowable service credit 
 with the teachers retirement association is entitled to purchase 
 up to ten years of allowable and formula service credit for 
 service rendered in the federal Peace Corps program or in the 
 federal Volunteers in Service to America program by making 
 payment under section 356.55, provided that the teacher has not 
 purchased service credit from any defined benefit pension plan 
 for that service. 

    Subd. 2.    Application and documentation.  A teacher 
 who desires to purchase service credit under subdivision 1 must 
 apply with the executive director to make the purchase.  The 
 application must include all necessary documentation of the 
 teacher's qualifications to make the purchase, signed written 
 permission to allow the executive director to request and 
 receive necessary verification of applicable facts and 
 eligibility requirements, and any other relevant information 
 that the executive director may require.  Payment must be made 
 before the teacher's effective date of retirement.  

    Subd. 3.    Service credit grant.  Allowable and formula 
 service credit for the purchase period must be granted by the 
 teachers retirement association to the purchasing teacher on 
 receipt of the purchase payment amount. 

    HIST: 1999 c 222 art 16 s 5 

*   NOTE:  This section, as added by Laws 1999, chapter 222, 
*article 16, section 5, is repealed effective May 16, 2002.  Laws 
*1999, chapter 222, article 16, section 16.