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422A.21 RETIREMENT ALLOWANCES INCREASED.

Subdivision 1.Increases.

The retirement board shall increase the retirement allowances hereafter paid of those employees who have retired or shall retire under the "$2 bill and annuity" after January 1, 1973, by three 25 percent increases computed separately, each increase not to exceed $300 per annum.

Subd. 2.Applicability.

Nothing in this section shall be construed to alter the method of computing and determining the amount of the retirement allowance as provided in this chapter, except the amount provided in subdivision 1 shall be paid in addition to any allowance authorized in this chapter.

Official Publication of the State of Minnesota
Revisor of Statutes