2000 Minnesota Statutes

     355.204 Division of the St. Paul teachers retirement 
  fund association. 

    In accordance with section 218 (d) (6) (C) of the Social 
 Security Act, the state agency shall divide into two divisions 
 or parts the St. Paul teachers retirement fund association 
 established under the provisions of chapter 354A.  One division 
 or part of the retirement fund association shall be composed of 
 positions of teachers who desire coverage under an agreement 
 under section 218 (d) of the Social Security Act.  The other 
 division or part of the retirement fund association shall be 
 composed of positions of teachers who do not desire coverage 
 under such an agreement.  Each division or part shall be deemed 
 to be a separate retirement system for the purposes of section 
 218 (d) of the Social Security Act.  There shall be included in 
 the division or part composed of members desiring such coverage 
 the positions of teachers who become members of the St. Paul 
 teachers retirement fund association after such coverage is 
 extended; provided, a teacher whose service in a position 
 covered by the retirement fund association commences after the 
 date on which such social security coverage is extended shall be 
 deemed to become a member of the retirement fund association 
 upon the commencement of such service for purposes of this 
 section, notwithstanding the date of any employment contract. 

    HIST: 1977 c 429 s 41