1999 Minnesota Statutes

     352.23 Termination of rights. 

    When any employee accepts a refund as provided in section 
 352.22, all existing service credits and all rights and benefits 
 to which the employee was entitled before accepting the refund 
 terminate.  They must not again be restored until the former 
 employee acquires at least six months of allowable service 
 credit after taking the last refund.  In that event, the 
 employee may repay all refunds previously taken from the 
 retirement fund.  Repayment of refunds entitles the employee 
 only to credit for service covered by (1) salary deductions; (2) 
 payments made in lieu of salary deductions; (3) payments made to 
 obtain credit for service as permitted by laws in effect when 
 payment was made; and (4) allowable service once credited while 
 receiving temporary workers' compensation as provided in section 
 352.01, subdivision 11, clause (5).  Payments under this section 
 for repayment of refunds are to be paid with interest at an 
 annual rate of 8.5 percent compounded annually.  They may be 
 paid in a lump sum or by payroll deduction in the manner 
 provided in section 352.04.  Payment may be made in a lump sum 
 up to six months after termination from service. 

    HIST: 1957 c 928 s 15; Ex1959 c 6 s 22; 1965 c 230 s 14; 
 Ex1967 c 57 s 21; 1969 c 1083 s 1; 1973 c 653 s 37; 1980 c 607 
 art 14 s 34; 1986 c 444; 1987 c 229 art 6 s 1; 1992 c 598 art 1 
 s 4; 1993 c 307 art 2 s 5