2005 Minnesota Statutes

     354.095 Medical leave; payment procedures. 

    Upon granting a medical leave, an employing unit must 
 certify the leave to the association on a form specified by the 
 executive director.  A member of the association who is on an 
 authorized medical leave of absence is entitled to receive 
 allowable service credit, not to exceed one year, for the period 
 of leave, upon making the prescribed payment to the fund.  This 
 payment must include the required employee and employer 
 contributions at the rates specified in section 354.42, 
 subdivisions 2, 3, and 5, as applied to the member's average 
 full-time monthly salary rate on the date the leave of absence 
 commenced plus compound annual interest at the rate of 8.5 
 percent from the end of the fiscal year during which the leave 
 terminates to the end of the month during which payment is 
 made.  The member must pay the total amount required unless the 
 employing unit, at its option, pays the employer contributions.  
 The total amount required must be paid before the effective date 
 of retirement or by the end of the fiscal year following the 
 fiscal year in which the leave of absence terminated, whichever 
 is earlier.  A member may not receive more than one year of 
 allowable service credit during any fiscal year by making 
 payment under this section.  A member may not receive disability 
 benefits under section 354.48 and receive allowable service 
 credit under this section for the same period of time.  
 Notwithstanding the provisions of any agreement to the contrary, 
 employee and employer contributions may not be made to receive 
 allowable service credit under this section if the member does 
 not retain the right to full reinstatement both during and at 
 the end of the medical leave. 

    HIST: 1990 c 570 art 7 s 1; 1991 c 340 s 13; 1995 c 141 art 3 
 s 20