2005 Minnesota Statutes - 354A.21 — Proportionate annuity.

     354A.21 Proportionate annuity. 


    A teacher who terminates employment at any time during the 
 academic year at the end of which the teacher is required to 
 terminate employment pursuant to this section shall be entitled 
 upon application to a proportionate retirement annuity pursuant 
 to section 356.32.  Nothing contained in this section shall 
 preclude a district from employing a retired teacher as a 
 substitute teacher but upon having earned an amount equal to the 
 annual maximum earnings allowable for that age for the continued 
 receipt of full benefit amounts monthly under the federal old 
 age, survivors and disability insurance program as set by the 
 secretary of health and human services pursuant to the 
 provisions of United States Code, title 42, section 403, in any 
 academic year from employment as a substitute teacher, any 
 person over the age of 70 years shall terminate employment for 
 the remainder of that academic year.  No person employed as a 
 substitute teacher after reaching the normal retirement age and 
 who has retired under this chapter shall resume membership in 
 the teachers retirement fund association by virtue of the 
 employment as a substitute teacher. 


    HIST: 1975 c 306 s 32; 1976 c 329 s 31; 1979 c 217 s 12; 1980 
 c 342 s 14; 1Sp1981 c 4 art 2 s 35; 1987 c 284 art 2 s 6; 1989 c 
 319 art 13 s 73