Minnesota § 354A.40 COMPUTATION OF BENEFITS WITH PARTIAL SERVICE AS COORDINATED MEMBER

Minnesota Statutes

§ 354A.40 — COMPUTATION OF BENEFITS WITH PARTIAL SERVICE AS COORDINATED MEMBER

Minnesota § 354A.40

PartRETIREMENT

Ch. 354ATEACHERS RETIREMENT, ST. PAUL

This text of Minnesota § 354A.40 (COMPUTATION OF BENEFITS WITH PARTIAL SERVICE AS COORDINATED MEMBER) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 354A.40 (2026).

Text

Subdivision 1.Retirement annuity.
Any coordinated member 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 section354A.31for the remainder of the member's credited service, both applied to the member's average salary as specified in section354A.31, subdivision 4. The formula percentages to be used in calculating the coordinated portion of the 

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Subdivision 1.Retirement annuity.
Any coordinated member 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 section354A.31for the remainder of the member's credited service, both applied to the member's average salary as specified in section354A.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[Repealed,1992 c 598 art 6 s 22]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[Repealed,1992 c 598 art 6 s 22]