2000 Minnesota Statutes

     423.55 Completion of period of service; age; retirement; 
  service pension.  

    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 a service pension equal to one-half of the 
 monthly base pay of such police officer at the time of 
 retirement from said police department, but in no event shall 
 such pension be less than $75 per month, which pension shall be 
 payable monthly during the term of natural life in conformity 
 with the bylaws of such association.  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 
 423.41 to 423.62.  No member shall be entitled to draw both a 
 disability and a service pension.  

    HIST: 1947 c 624 s 15; 1986 c 444