2001 Minnesota Statutes

     490.107 Retirement benefits; increase and payment. 

    (1) Effective July 1, 1978, all retirement and disability 
 benefits payable pursuant to sections 490.11, 490.12, 
 subdivisions 1 and 2, and 9, commencing with the monthly benefit 
 payment accruing on and after July 1, 1978 shall be paid by the 
 judges retirement fund. 

    (2) The county auditors of the counties which on March 30, 
 1978 are liable for the payment of retirement benefits pursuant 
 to section 490.12, subdivision 2 or 9, or Minnesota Statutes 
 1978, section 487.06, shall certify to the executive director of 
 the Minnesota state retirement system the amount of the monthly 
 benefit that the former judge of that county is entitled to 
 receive and, annually on each June 30 shall pay to the Minnesota 
 state retirement system for deposit in the judges retirement 
 fund an amount equal to the annual retirement benefit due to 
 each retired judge for the following fiscal year plus $25 for 
 administrative expense.  In the event of the death of the 
 retired judge, the director shall refund to the county from the 
 judges retirement fund the amount of any unexpended balance of 
 the moneys the county had paid. 

    (3) All payments made pursuant to sections 490.11 and 
 490.12, subdivision 1, after January 1, 1978, shall be made by 
 the state regardless of the date on which the payments commenced 
 or commence.  

    (4) All retirement and disability benefits to which this 
 section applies shall be payable from the judges retirement fund 
 and shall thereafter be adjusted in the same manner and at the 
 same time as other benefits payable from the Minnesota 
 postretirement investment fund.  The benefit level in effect on 
 July 1, 1978, including any increase pursuant to this clause, 
 shall be the base for any future adjustments made pursuant to 
 section 11A.18. 

    HIST: 1978 c 720 s 18; 1980 c 607 art 14 s 45 subd 2; 1981 c 
 224 s 221