1998 Minnesota Statutes

     422A.10 Salary deductions. 

    Subdivision 1.  There shall be deducted and withheld from 
 the basic salary, pay or compensation of each employee in the 
 contributing class, prior to January 1, 1980 an amount equal to 
 7-1/4 percent, after December 31, 1979 but prior to January 1, 
 1981 an amount equal to 8-1/4 percent and after December 31, 
 1980 an amount equal to 9-1/4 percent of such salary, pay or 
 compensation, except as hereinafter provided.  The retirement 
 board may increase the percentage rate of contribution to the 
 retirement fund of any employee or employees for the purpose of 
 establishing and maintaining on an actuarial basis a plan of 
 insurance, survivors' benefits, or other type of benefit or 
 benefits, the cost of which shall be paid out of such extra 
 percentage so authorized and deducted from the employee's 
 compensation, except as hereinafter provided.  Any plan or plans 
 so established and placed in operation may be amended from time 
 to time, or may be abandoned, but if abandoned, any surplus 
 remaining from the operation of a plan shall be the property of 
 the fund, and shall be credited to the reserve for loss in 
 investment account. 

    Subd. 2.  Every employee to whom sections 422A.01 to 
 422A.25 applies who shall continue in the service after the 
 passage of Laws 1919, chapter 522, as well as every person to 
 whom sections 422A.01 to 422A.25 applies who may hereafter be 
 appointed to a position or place, shall be deemed to consent and 
 agree to the deductions made and provided for herein, and 
 payment with such reductions, for service, shall be a full and 
 complete discharge and acquittance of all claims and demands for 
 all services rendered by such person during the period covered 
 by such payment; except the person's claim to the benefits to 
 which the person may be entitled under the provisions of 
 sections 422A.01 to 422A.25.  

    Subd. 3.  Subject to such terms and conditions and to such 
 rules and regulations as the retirement board may adopt, any 
 contributor from time to time may increase or decrease the 
 contributor's rate of contribution to the retirement fund, but 
 in no event shall the contribution be less than the minimum 
 contribution specified in the provisions of sections 422A.01 to 
 422A.25.  

    HIST: 1973 c 133 s 10; 1974 c 73 s 2; 1979 c 293 s 8; 1979 c 
 303 art 6 s 8; 1986 c 444