Minnesota § 356.431 CONVERSION OF LUMP-SUM POSTRETIREMENT AND SUPPLEMENTAL PAYMENT TO AN INCREASED MONTHLY ANNUITY

Minnesota Statutes

§ 356.431 — CONVERSION OF LUMP-SUM POSTRETIREMENT AND SUPPLEMENTAL PAYMENT TO AN INCREASED MONTHLY ANNUITY

Minnesota § 356.431

PartRETIREMENT

Ch. 356RETIREMENT SYSTEMS, GENERALLY

This text of Minnesota § 356.431 (CONVERSION OF LUMP-SUM POSTRETIREMENT AND SUPPLEMENTAL PAYMENT TO AN INCREASED MONTHLY ANNUITY) 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. § 356.431 (2026).

Text

Subdivision 1.Lump-sum postretirement payment conversion. For benefits paid to eligible persons under Minnesota Statutes 2014, section356.42, the amount of the most recent lump-sum benefit payable to an eligible recipient under Minnesota Statutes 2014, section356.42must be divided by 12. The result must be added to the monthly annuity or benefit otherwise payable to an eligible recipient, must become a permanent part of the benefit recipient's pension, and must be included in any pension benefit subject to future postretirement adjustments. Subd.

2.[Repealed,2009 c 169 art 1 s 77]

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Subdivision 1.Lump-sum postretirement payment conversion.
For benefits paid to eligible persons under Minnesota Statutes 2014, section356.42, the amount of the most recent lump-sum benefit payable to an eligible recipient under Minnesota Statutes 2014, section356.42must be divided by 12. The result must be added to the monthly annuity or benefit otherwise payable to an eligible recipient, must become a permanent part of the benefit recipient's pension, and must be included in any pension benefit subject to future postretirement adjustments.

Subd. 2.
[Repealed,2009 c 169 art 1 s 77]