2000 Minnesota Statutes

     356.40 Date for payment of annuities and benefits. 

    Notwithstanding any law to the contrary, all annuities and 
 benefits payable on and after December 1, 1977 by a covered 
 retirement fund, as defined in section 356.30, subdivision 3, 
 shall be paid in advance for each month during the first week of 
 that month.  Bylaws of municipal retirement funds shall be 
 amended accordingly.  In no event, however, shall this section 
 authorize more than one payment in any one month where the law 
 governing the applicable retirement fund as of June 30, 1977 
 already provides for the full payment or accrual of annuities 
 and benefits in advance for each month or as of the first day of 
 the month, nor shall it authorize the payment of both a 
 retirement annuity and a surviving spouse's benefit in one month 
 where the law governing the applicable retirement fund provides 
 for the payment of the retired member's retirement annuity to 
 the surviving spouse for the month in which the retired member 
 dies. 

    HIST: 1977 c 388 s 3