Source: https://www.revisor.mn.gov/statutes/?year=2006&id=354.33
Timestamp: 2016-12-03 11:40:43
Document Index: 28300619

Matched Legal Cases: ['art 13', 'art 13', 'art 1', 'art 5', 'art 10', 'art 14', 'art 10']

354.33 - 2006 Minnesota Statutes
The Revisor of Statutes website is undergoing maintenance from 5pm Friday Dec. 2nd to noon Saturday Dec. 3rd. 2006 Minnesota StatutesRetirementChapter 354Section 354.33
2006 Table of Chapters2006 Statutes New, Amended or Repealed2006 Statutes Topics (Index)Chapter 354
Full Chapter TextSection 354.33
2015 Subd. 5 Repealed 2015 c 68 art 13 s 65
2015 Subd. 6 Repealed 2015 c 68 art 13 s 65
2009 Subd. 5 Amended 2009 c 169 art 1 s 61
2008 Subd. 5 Amended 2008 c 349 art 5 s 29
2005 Subd. 5 Amended 1Sp2005 c 8 art 10 s 56
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Subdivision 1.[Repealed, 1974 c 289 s 59]
Subd. 2.[Repealed, 1974 c 289 s 59]
Subd. 3.[Repealed, 1974 c 289 s 59]
Subd. 4.[Repealed, 1974 c 289 s 59]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Subd. 7.[Repealed, 1974 c 289 s 59]
Subd. 8.[Repealed, 1974 c 289 s 59]
Subd. 9.[Repealed, 1974 c 289 s 59]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