2006 Minnesota Statutes

353.651 RETIREMENT ANNUITY UPON SEPARATION FROM PUBLIC SERVICE.
    Subdivision 1. Age and allowable service requirements. Upon separation from public
service, any police officer or firefighter member who has attained the age of at least 55 years and
who received credit for not less than three years of allowable service is entitled upon application
to a retirement annuity. Such retirement annuity is known as the "normal" retirement annuity.
    Subd. 2.[Repealed, 1Sp2005 c 8 art 1 s 32]
    Subd. 3. Retirement annuity formula. The average salary as defined in section 353.01,
subdivision 17a , multiplied by the percent specified in section 356.315, subdivision 6, per year of
allowable service determines the amount of the normal retirement annuity. If the member has
earned allowable service for performing services other than those of a police officer or firefighter,
the annuity representing that service must be computed under sections 353.29 and 353.30.
    Subd. 4. Early retirement. Any police officer or firefighter member who has become at least
50 years old and who has at least three years of allowable service is entitled upon application
to a retirement annuity equal to the normal annuity calculated under subdivision 3, reduced by
one-tenth of one percent for each month that the member is under age 55 at the time of retirement.
History: 1973 c 753 s 71; 1974 c 229 s 19; 1977 c 429 s 34; 1984 c 564 s 28; 1987 c 372
art 9 s 18,19; 1989 c 319 art 13 s 43,44; art 17 s 12,13; 1990 c 570 art 12 s 22; 1993 c 352 s
4; 1995 c 262 art 3 s 4; 1997 c 233 art 1 s 41; 1999 c 222 art 14 s 3; 2002 c 392 art 11 s 52;
1Sp2005 c 8 art 1 s 13