2005 Minnesota Statutes - 354A.40 — Computation of benefits with partial service as coordinated member.

     354A.40 Computation of benefits with partial service as 
  coordinated member. 


    Subdivision 1.    Retirement annuity.  Any coordinated 
 member of either the Minneapolis Teachers Retirement Fund 
 Association or of the St. Paul Teachers Retirement Fund 
 Association who has credited service prior to July 1, 1978 shall 
 be entitled to receive a retirement annuity when otherwise 
 qualified, the calculation of which shall utilize the applicable 
 retirement annuity formula specified in articles of 
 incorporation and bylaws of the teachers retirement fund 
 association governing the basic program for that portion of 
 credited service which was served prior to July 1, 1978, and the 
 retirement annuity formula specified in section 354A.31 for the 
 remainder of the member's credited service, both applied to the 
 member's average salary as specified in section 354A.31, 
 subdivision 4.  The formula percentages to be used in 
 calculating the coordinated portion of the retirement annuity or 
 coordinated service under this section shall recognize the 
 coordinated service as a continuation of any service prior to 
 July 1, 1978.  


    Subd. 2. Repealed, 1992 c 598 art 6 s 22 


    Subd. 3. Repealed, 1992 c 598 art 6 s 22 


    HIST: 1979 c 217 s 25