354.533 PRIOR OR UNCREDITED MILITARY SERVICE CREDIT PURCHASE.
Subdivision 1. Service credit purchase authorized.
A teacher who has at least three years
of allowable service credit with the Teachers Retirement Association and who performed service
in the United States armed forces before becoming a teacher as defined in section
, or who failed to obtain service credit for a military leave of absence under the
provisions of section
, is entitled to purchase allowable and formula service credit for the
initial period of enlistment, induction, or call to active duty without any voluntary extension by
making payment under section
provided the teacher has not purchased service credit from
any other Minnesota defined benefit public employee pension plan for the same period of service.
Subd. 2. Application and documentation.
A teacher who desires to purchase service credit
under subdivision 1 must apply with the executive director to make the purchase. The application
must include all necessary documentation of the teacher's qualifications to make the purchase,
signed written permission to allow the executive director to request and receive necessary
verification of applicable facts and eligibility requirements, and any other relevant information
that the executive director may require.
Subd. 3. Service credit grant.
Allowable and formula service credit for the purchase period
must be granted by the Teachers Retirement Association to the purchasing teacher upon receipt
of the purchase payment amount. Payment must be made before the teacher's effective date of
History: 1999 c 222 art 16 s 1; 2004 c 267 art 17 s 4; 2005 c 10 art 5 s 4
This section, as added by Laws 1999, chapter 222, article 16, section 1, is repealed
effective May 16, 2007. Laws 1999, chapter 222, article 16, section 16, as amended by Laws
2002, chapter 392, article 7, section 1; Laws 2003, First Special Session chapter 12, article 6,
section 2; Laws 2004, chapter 267, article 17, section 6; and Laws 2005, First Special Session
chapter 8, article 2, section 3.