2005 Minnesota Statutes

     353.651 Retirement annuity upon separation from public 
  service. 

    Subdivision 1.    Age and allowable service requirements. 
  Upon separation from public service, any police officer or 
 firefighter member who has attained the age of at least 55 years 
 and who received credit for not less than three years of 
 allowable service is entitled upon application to a retirement 
 annuity.  Such retirement annuity is known as the "normal" 
 retirement annuity. 

    Subd. 2. Repealed, 1Sp2005 c 8 art 1 s 32 

    Subd. 3.    Retirement annuity formula.  The average 
 salary as defined in section 353.01, subdivision 17a, multiplied 
 by the percent specified in section 356.315, subdivision 6, per 
 year of allowable service determines the amount of the normal 
 retirement annuity.  If the member has earned allowable service 
 for performing services other than those of a police officer or 
 firefighter, the annuity representing that service must be 
 computed under sections 353.29 and 353.30. 

    Subd. 4.    Early retirement.  Any police officer or 
 firefighter member who has become at least 50 years old and who 
 has at least three years of allowable service is entitled upon 
 application to a retirement annuity equal to the normal annuity 
 calculated under subdivision 3, reduced by one-tenth of one 
 percent for each month that the member is under age 55 at the 
 time of retirement. 

    HIST: 1973 c 753 s 71; 1974 c 229 s 19; 1977 c 429 s 34; 1984 
 c 564 s 28; 1987 c 372 art 9 s 18,19; 1989 c 319 art 13 s 43,44; 
 art 17 s 12,13; 1990 c 570 art 12 s 22; 1993 c 352 s 4; 1995 c 
 262 art 3 s 4; 1997 c 233 art 1 s 41; 1999 c 222 art 14 s 3; 
 2002 c 392 art 11 s 52; 1Sp2005 c 8 art 1 s 13