352D.065 DISABILITY BENEFITS.
Subdivision 1.[Repealed, 1975 c 368 s 51
Subd. 2. Disability benefit amount.
A participant who becomes totally and permanently
disabled has the option, even if on leave of absence without pay, to receive:
(1) the value of the participant's total shares;
(2) the value of a portion of the total shares and an annuity based on the remainder of the
total shares; or
(3) an annuity based on the value of the participant's total shares.
Subd. 3. Annuity payment.
The annuity payable under this section shall begin to accrue
the first day of the month following the date of disability and shall be based on the participant's
age when the annuity begins to accrue. The shares shall be valued as of the end of the month
following authorization of payments.
Subd. 4. No workers' compensation reduction.
The benefits payable under this section shall
not be reduced by amounts received or receivable under applicable workers' compensation laws.
Subd. 5. Return to service.
A participant who returns to covered service after receiving
benefits under this section shall not be required or allowed to repay such benefits.
History: 1973 c 624 s 8; 1975 c 359 s 23; 1975 c 368 s 47,48; 1986 c 444; 1986 c 458
s 9; 2004 c 267 art 8 s 14