2005 Minnesota Statutes

     354.33 Computation of retirement annuities. 

    Subdivision 1.  Repealed, 1974 c 289 s 59 

    Subd. 2.  Repealed, 1974 c 289 s 59 

    Subd. 3.  Repealed, 1974 c 289 s 59 

    Subd. 4.  Repealed, 1974 c 289 s 59 

    Subd. 5.    Retirees not eligible for federal benefits.  
 Notwithstanding the provisions of section 354.55, subdivision 3, 
 when any person retires after July 1, 1973, who (1) has ten or 
 more years of allowable service, and (2) does not have any 
 retroactive Social Security coverage by reason of the person's 
 position in the retirement system, and (3) does not qualify for 
 federal old age and survivor primary benefits at the time of 
 retirement, the annuity must be computed under section 354.44, 
 subdivision 2, of the law in effect on June 30, 1969, except 
 that accumulations after June 30, 1957, must be calculated using 
 the same mortality table and interest assumption as are used to 
 transfer the required reserves to the Minnesota postretirement 
 investment fund. 

    Subd. 6.    Combinations of basic and coordinated service. 
  A person's annuity must be computed as a basic member for any 
 service previously accrued as a basic member if the person 
 retires with the status of a coordinated member as a result of 
 one or both of the following events:  (1) transferring from 
 public school teaching to state university teaching, and/or (2) 
 not performing teaching service within a fiscal year.  A 
 person's annuity must be computed as a coordinated member for 
 any service previously accrued as a coordinated member if the 
 person retires with the status of a basic member as a result of 
 transferring from public school teaching to community college 
 teaching. 

    Subd. 7.  Repealed, 1974 c 289 s 59 

    Subd. 8.  Repealed, 1974 c 289 s 59 

    Subd. 9.  Repealed, 1974 c 289 s 59 

    HIST: Ex1957 c 15 s 3; Ex1959 c 50 s 23,26; 1963 c 586 s 1; 
 1965 c 804 s 1; 1965 c 821 s 6; 1967 c 3 s 1; 1969 c 485 s 8,9; 
 1971 c 40 s 10-12; 1973 c 728 s 8-11; 1974 c 289 s 17; 1975 c 
 321 s 2; 1980 c 607 art 14 s 45 subd 2; 1986 c 444; 1991 c 340 s 
 17; 1Sp2005 c 8 art 10 s 56