2006 Minnesota Statutes

354B.22 IRAP COVERAGE IN ADDITION TO SOCIAL SECURITY COVERAGE.
    Subdivision 1. Social Security coverage. (a) Any employee of the board or other employing
unit who elects coverage by this chapter is a member of the Teachers Retirement Association
solely for purposes of coverage by the federal old age, survivors, disability and health insurance
program, and is covered by the agreement made under section 355.02.
(b) A person with federal Social Security coverage through Teachers Retirement Association
membership under paragraph (a) is not a member of the Teachers Retirement Association for
any other purpose while employed as a teacher by the board, and membership in the Teachers
Retirement Association for this limited purpose conveys no rights or benefit entitlement under
chapter 354.
    Subd. 2. Public pension coverage as condition of employment. Coverage by a public
pension plan under section 354B.21 is a condition of initial employment or continued employment
as a faculty member or eligible unclassified administrative position by the board or other
employing unit.
History: 1995 c 141 art 4 s 10