Source: https://www.revisor.mn.gov/statutes/2010/cite/356.215/subd/356.215.8
Timestamp: 2020-01-29 06:52:04
Document Index: 429594330

Matched Legal Cases: ['art 13', 'art 2', 'art 3', 'art 4', 'art 4', 'art 3', 'art 1', 'art 4', 'art 8', 'art 4', 'art 1', 'art 11', 'art 9', 'art 11', 'art 11', 'art 3', 'art 3', 'art 10', 'art 1', 'art 2', 'art 1', 'art 1', 'art 9', 'art 11']

correctional state employees retirement plan assumption G
State Patrol retirement plan assumption F
public employees police and fire fund retirement plan assumption B
local government correctional service retirement plan assumption F
teachers retirement plan assumption C
Duluth teachers retirement plan assumption D
St. Paul teachers retirement plan assumption E
The select calculation is: during the designated select period, a designated percentage rate is multiplied by the result of the designated integer minus T, where T is the number of completed years of service, and is added to the applicable future salary increase assumption. The designated select period is five years and the designated integer is five for the general state employees retirement plan. The designated select period is ten years and the designated integer is ten for all other retirement plans covered by this clause. The designated percentage rate is: (1) 0.2 percent for the correctional state employees retirement plan, the State Patrol retirement plan, the public employees police and fire plan, and the local government correctional service plan; (2) 0.6 percent for the general state employees retirement plan; and (3) 0.3 percent for the teachers retirement plan, the Duluth Teachers Retirement Fund Association, and the St. Paul Teachers Retirement Fund Association. The select calculation for the Duluth Teachers Retirement Fund Association is 8.00 percent per year for service years one through seven, 7.25 percent per year for service years seven and eight, and 6.50 percent per year for service years eight and nine.
age A B C D E F G
16 5.95% 11.00% 7.70% 8.00% 6.90% 7.7500% 7.2500%
17 5.90 11.00 7.65 8.00 6.90 7.7500 7.2500
18 5.85 11.00 7.60 8.00 6.90 7.7500 7.2500
19 5.80 11.00 7.55 8.00 6.90 7.7500 7.2500
20 5.75 11.00 5.50 6.90 6.90 7.7500 7.2500
21 5.75 11.00 5.50 6.90 6.90 7.1454 6.6454
22 5.75 10.50 5.50 6.90 6.90 7.0725 6.5725
23 5.75 10.00 5.50 6.85 6.85 7.0544 6.5544
24 5.75 9.50 5.50 6.80 6.80 7.0363 6.5363
25 5.75 9.00 5.50 6.75 6.75 7.0000 6.5000
26 5.75 8.70 5.50 6.70 6.70 7.0000 6.5000
27 5.75 8.40 5.50 6.65 6.65 7.0000 6.5000
28 5.75 8.10 5.50 6.60 6.60 7.0000 6.5000
29 5.75 7.80 5.50 6.55 6.55 7.0000 6.5000
30 5.75 7.50 5.50 6.50 6.50 7.0000 6.5000
31 5.75 7.30 5.50 6.45 6.45 7.0000 6.5000
32 5.75 7.10 5.50 6.40 6.40 7.0000 6.5000
33 5.75 6.90 5.50 6.35 6.35 7.0000 6.5000
34 5.75 6.70 5.50 6.30 6.30 7.0000 6.5000
35 5.75 6.50 5.50 6.25 6.25 7.0000 6.5000
36 5.75 6.30 5.50 6.20 6.20 6.9019 6.4019
37 5.75 6.10 5.50 6.15 6.15 6.8074 6.3074
38 5.75 5.90 5.40 6.10 6.10 6.7125 6.2125
39 5.75 5.70 5.30 6.05 6.05 6.6054 6.1054
40 5.75 5.50 5.20 6.00 6.00 6.5000 6.0000
41 5.75 5.40 5.10 5.90 5.95 6.3540 5.8540
42 5.75 5.30 5.00 5.80 5.90 6.2087 5.7087
43 5.65 5.20 4.90 5.70 5.85 6.0622 5.5622
44 5.55 5.10 4.80 5.60 5.80 5.9048 5.4078
45 5.45 5.00 4.70 5.50 5.75 5.7500 5.2500
46 5.35 4.95 4.60 5.40 5.70 5.6940 5.1940
47 5.25 4.90 4.50 5.30 5.65 5.6375 5.1375
48 5.15 4.85 4.50 5.20 5.60 5.5822 5.0822
49 5.05 4.80 4.50 5.10 5.55 5.5404 5.0404
50 4.95 4.75 4.50 5.00 5.50 5.5000 5.0000
51 4.85 4.75 4.50 4.90 5.45 5.4384 4.9384
52 4.75 4.75 4.50 4.80 5.40 5.3776 4.8776
53 4.65 4.75 4.50 4.70 5.35 5.3167 4.8167
54 4.55 4.75 4.50 4.60 5.30 5.2826 4.7826
55 4.45 4.75 4.50 4.50 5.25 5.2500 4.7500
56 4.35 4.75 4.50 4.40 5.20 5.2500 4.7500
57 4.25 4.75 4.50 4.30 5.15 5.2500 4.7500
58 4.25 4.75 4.60 4.20 5.10 5.2500 4.7500
59 4.25 4.75 4.70 4.10 5.05 5.2500 4.7500
60 4.25 4.75 4.80 4.00 5.00 5.2500 4.7500
61 4.25 4.75 4.90 3.90 5.00 5.2500 4.7500
62 4.25 4.75 5.00 3.80 5.00 5.2500 4.7500
63 4.25 4.75 5.10 3.70 5.00 5.2500 4.7500
64 4.25 4.75 5.20 3.60 5.00 5.2500 4.7500
65 4.25 4.75 5.20 3.50 5.00 5.2500 4.7500
66 4.25 4.75 5.20 3.50 5.00 5.2500 4.7500
67 4.25 4.75 5.20 3.50 5.00 5.2500 4.7500
68 4.25 4.75 5.20 3.50 5.00 5.2500 4.7500
69 4.25 4.75 5.20 3.50 5.00 5.2500 4.7500
70 4.25 4.75 5.20 3.50 5.00 5.2500 4.7500
71 4.25 5.20
service length general employees retirement plan of the Public Employees Retirement Association
1 12.03%
14 3.82
16 3.60
19 3.50
20 3.50
22 3.50
24 3.50
25 3.50
27 3.50
30 or more 3.50
general employees retirement plan of the Public Employees Retirement Association 4.00
1975 c 192 s 3; 1978 c 563 s 9,10; 1979 c 184 s 1; 1981 c 224 s 169; 1984 c 564 s 43; 1Sp1985 c 7 s 27; 1986 c 359 s 26; 1986 c 458 s 20; 1987 c 259 s 55; 1989 c 319 art 13 s 90,91; 1991 c 199 art 2 s 24; 1991 c 269 art 3 s 3-19; 1991 c 345 art 4 s 3,4; 1993 c 336 art 4 s 1; 1993 c 352 s 7; 1995 c 141 art 3 s 14,15; 1997 c 233 art 1 s 57-59; 1997 c 241 art 4 s 1; 1998 c 390 art 8 s 2; 1999 c 222 art 4 s 14; 2000 c 461 art 1 s 3-6; 1Sp2001 c 10 art 11 s 18; 2002 c 392 art 9 s 1; art 11 s 7,53; 2004 c 223 s 7,8; 1Sp2005 c 8 art 11 s 2; 2006 c 271 art 3 sec 47; 2006 c 277 art 3 s 33,34; 2008 c 204 s 41; 2008 c 349 art 10 s 10-15; 2009 c 86 art 1 s 90; 2009 c 101 art 2 s 109; 2009 c 169 art 1 s 70,71; 2010 c 359 art 1 s 68,69; art 9 s 1; art 11 s 19,20