1999 Minnesota Code
Chapters 352 - 356A Retirement
Chapter 354 Teachers Retirement Act
Section 354.533 Prior or uncredited military service credit purchase.
354.533 Prior or uncredited military service credit purchase.
Subdivision 1. Service credit purchase authorized. A teacher who has at least three years of allowable service credit with the teachers retirement association and who performed service in the United States armed forces before becoming a teacher as defined in section 354.05, subdivision 2, or who failed to obtain service credit for a military leave of absence under the provisions of section 354.53, is entitled to purchase allowable and formula service credit for the initial period of enlistment, induction, or call to active duty without any voluntary extension by making payment under section 356.55 provided the teacher is not entitled to receive a current or deferred retirement annuity from a United States armed forces pension plan and has not purchased service credit from any other defined benefit public employee pension plan for the same period of service.
Subd. 2. Application and documentation. A teacher who desires to purchase service credit under subdivision 1 must apply with the executive director to make the purchase. The application must include all necessary documentation of the teacher's qualifications to make the purchase, signed written permission to allow the executive director to request and receive necessary verification of applicable facts and eligibility requirements, and any other relevant information that the executive director may require.
Subd. 3. Service credit grant. Allowable and formula service credit for the purchase period must be granted by the teachers retirement association to the purchasing teacher upon receipt of the purchase payment amount. Payment must be made before the teacher's effective date of retirement.
HIST: 1999 c 222 art 16 s 1
* NOTE: This section, as added by Laws 1999, chapter 222, *article 16, section 1, is repealed effective May 16, 2002. Laws *1999, chapter 222, article 16, section 16.
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