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3A.115 Retirement allowance appropriation; adjustment.

The amount necessary to fund the retirement allowance granted under this chapter to a former legislator upon retirement is appropriated from the general fund to the director to pay pension obligations due to the retiree. Retirement allowances payable to retired legislators and their survivors under this chapter must be adjusted in the same manner, at the same times, and in the same amounts as are benefits payable from the Minnesota postretirement investment fund to retirees of a participating public pension fund.

HIST: 1Sp2003 c 1 art 2 s 3

Official Publication of the State of Minnesota
Revisor of Statutes