2002 Minnesota Code
Chapters 352 - 356B Retirement
Chapter 356 Retirement Systems, Generally
Section 356.315 Retirement benefit formula percentages.
356.315 Retirement benefit formula percentages.
Subdivision 1. Coordinated plan members. The applicable benefit accrual rate is 1.2 percent.
Subd. 2. Coordinated plan members. The applicable benefit accrual rate is 1.7 percent.
Subd. 2a. Coordinated members. The applicable benefit accrual rate is 2.0 percent.
Subd. 3. Basic plan members. The applicable benefit accrual rate is 2.2 percent.
Subd. 4. Basic plan members. The applicable benefit accrual rate is 2.7 percent.
Subd. 5. Correctional plan members. The applicable benefit accrual rate is 2.4 percent.
Subd. 5a. Local government correctional service plan. The applicable benefit accrual rate is 1.9 percent.
Subd. 6. State troopers plan and police and fire plan members. The applicable benefit accrual rate is 3.0 percent.
Subd. 7. Judges plan. The applicable benefit accrual rate is 2.7 percent.
Subd. 8. Judges plan. The applicable benefit accrual rate is 3.2 percent.
Subd. 9. Future benefit accrual rate increases. After January 2, 1998, benefit accrual rate increases under this section must apply only to allowable service or formula service rendered after the effective date of the benefit accrual rate increase.
HIST: 2002 c 392 art 11 s 22
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