2006 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.
History: 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