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2006 Minnesota Statutes

This is a historical version of this statute section. Also view the most recent published version.

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    Subdivision 1.[Repealed, 1974 c 289 s 59]
    Subd. 2.[Repealed, 1974 c 289 s 59]
    Subd. 3.[Repealed, 1974 c 289 s 59]
    Subd. 4.[Repealed, 1974 c 289 s 59]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    Subd. 7.[Repealed, 1974 c 289 s 59]
    Subd. 8.[Repealed, 1974 c 289 s 59]
    Subd. 9.[Repealed, 1974 c 289 s 59]
History: 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

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