Subdivision 1. Scope.
For purposes of this chapter the terms defined in this section shall
have the following meanings.
Subd. 2. City.
"City" means the city of Minneapolis.
Subd. 3. Retirement allowance.
"Retirement allowance" means either a service allowance
to which an employee may be entitled who retires from the city service after having attained the
minimum established age for retirement or a "disability allowance" to which an employee may
be entitled who retires from the city service as a result of disability before having attained the
minimum age for retirement.
Subd. 4. Annuity.
"Annuity" means payments for life derived from contributions made
by an employee, as provided in this chapter.
Subd. 4a. Average salary.
(a) "Average salary" means the arithmetic average annual salary,
wages, or compensation of the member from the city for any five calendar years out of the last
ten calendar years of service, except as provided for in section
, which may include the
year in which the employee retires, as selected by the employee.
(b) A member with more than five calendar years of service, but less than ten calendar years,
may select any five calendar years of service to determine the average salary. A member with less
than five years of service with the city shall use all earnings to determine the average salary.
Subd. 5. Pension.
"Pension" means payments for life derived from credits allowed and
appropriations made by the city, as provided in this chapter.
Subd. 6. Present worth or present value.
"Present worth" or "present value" means that the
present amount of money if increased at the applicable postretirement or preretirement interest
rate assumption specified in section
356.215, subdivision 8
, and based on the mortality table
adopted by the board of trustees based on the experience of the fund as recommended by the
actuary retained under section
, and approved under section
356.215, subdivision 18
at retirement equal the actuarial accrued liability of the annuity already earned.
Subd. 7. Actuarial equivalent.
"Actuarial equivalent" means the condition of one annuity or
benefit having an equal present worth or present value as another annuity or benefit.
Subd. 8. Established age.
"Established age" means the minimum age for retirement on a
service allowance as specified by or pursuant to this chapter.
Subd. 9. Public corporation.
"Public corporation" includes Metropolitan Airports
Commission, Metropolitan Council and municipal employees retirement fund.
Subd. 10. Unfunded actuarial accrued liability.
"Unfunded actuarial accrued liability"
means the difference between the actuarial accrued liability to date and the corresponding assets
valued under section
356.215, subdivision 1
, clause (6).
Subd. 11. Employee.
"Employee" means a person who is not exempted from the contributing
class under section
422A.09, subdivision 3
, who was employed before July 1, 1979, by and paid,
in whole or in part, by the city or any of its boards, departments, or commissions, operated as a
department of city government or independently if financed in whole or in part by city funds,
including a person who was employed by a public corporation as herein defined, a person who
was employed before July 1, 1979, by Special School District No. 1, and who is not a member
of any other retirement system, and a person who was employed before July 1, 1973, by the
county of Hennepin, who was entitled by law to elect and has elected to retain membership in the
Minneapolis Employees Retirement Fund and who makes any required member contributions
to the fund and who remains so employed.
Subd. 12. Dependent.
"Dependent" means a spouse, child, or any person actually dependent
upon and receiving over 50 percent of support from such employee.
Subd. 13. Postretirement investment fund annuity.
"Postretirement investment fund
annuity" means all retirement and disability payments made by the fund under the terms of this
chapter as adjusted from time to time. This does not include payments, if any, from sources other
than participation in the Minnesota postretirement investment fund.
Subd. 13a. Covered salary.
(a) "Salary" is subject to the limitations of section
(b) "Salary" also includes the contributions to a supplemental retirement plan under section
356.24, subdivision 1
, clause (8), (9), or (10), for an employee who is covered by a supplemental
retirement plan which requires that all plan contributions be made by the person's employer from
mandatory withholdings from the employee's wages.
Subd. 14.[Repealed, 1981 c 224 s 276
Subd. 15.[Repealed, 1981 c 224 s 276
Subd. 16.[Repealed, 1981 c 224 s 276
Subd. 17. Firefighter.
"Firefighter," for purposes of section
, means an employee
of the metropolitan airports commission who was employed by the commission before June 30,
1978, and whose employment duties include, at a minimum, full-time service as an employee
of a designated fire company who is engaged primarily in fire suppression and related duties, or
as a person who is in charge of a designated fire company or companies and who is engaged in
the hazards of fire fighting.
Subd. 18. Licensed peace officer.
"Licensed peace officer," for purposes of section
, means an employee of the Metropolitan Airports Commission who was employed
by the commission before June 30, 1978, and whose employment duties include, at a minimum,
full-time service as an officer whose primary job it is to enforce the law, who is licensed by the
Minnesota Board of Peace Officer Standards and Training under sections
who is engaged in the hazards of protecting the safety and property of others, and who has the
power to arrest by warrant.
History: 1973 c 133 s 1; 1974 c 422 art 2 s 7; 1977 c 399 s 9-11; 1980 c 607 art 14 s 45
subd 2; 1981 c 224 s 179,274; 1986 c 444; 1987 c 259 s 61-63; 1992 c 596 s 4,5; 1994 c 628
art 3 s 33; 1997 c 7 art 1 s 138; 2002 c 392 art 11 s 52; 1Sp2005 c 8 art 1 s 24,25; art 3 s 8;
art 10 s 67,80; 2007 c 134 art 8 s 1
The amendment to subdivision 13a by Laws 2007, chapter 134, article 8, section 1,
is effective the day after compliance if the city council of the city of Minneapolis and its chief
clerical officer timely complete their compliance with Minnesota Statutes, section 645.021,
subdivisions 2 and 3. Laws 2007, chapter 134, article 8, section 9.