2002 Minnesota Code
Chapters 352 - 356B Retirement
Chapter 354 Teachers Retirement Act
Section 354.33 Computation of retirement annuities.
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 Repealed, 1974 c 289 s 59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 Repealed, 1974 c 289 s 59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 Repealed, 1974 c 289 s 59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 Repealed, 1974 c 289 s 59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 (a) has ten or more years of allowable service, and (b) does not have any retroactive social security coverage by reason of the person's position in the retirement system, and (c) does not qualify for old age and survivor primary benefits at the time of retirement, the annuity shall be computed under section 354.44, subdivision 2 of the law in effect on June 30, 1969, except that accumulations after June 30, 1957, shall be calculated using the same mortality table and interest assumption 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 Repealed, 1974 c 289 s 59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 Repealed, 1974 c 289 s 59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 Repealed, 1974 c 289 s 59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
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