Section 3A.01 — Definitions.
3A.01 DEFINITIONS. Subdivision 1. Purposes. Each of the terms defined in this section, for the purposes of this chapter has the meaning ascribed. Subd. 1a. Actuarial equivalent. (a) “Actuarial equivalent” means the condition of one allowance or benefit having an equal actuarial present value to another allowance or benefit, determined by the actuary retained under […]
Section 3A.011 — Administration Of Plans.
3A.011 ADMINISTRATION OF PLANS. The executive director and the board of directors of the Minnesota State Retirement System shall administer the plans specified in this chapter consistent with this chapter and chapters 356 and 356A. History: 1989 c 319 art 8 s 1; 2006 c 271 art 10 s 12; 2013 c 111 art 2 […]
Section 3A.02 — Retirement Allowance.
3A.02 RETIREMENT ALLOWANCE. Subdivision 1. Qualifications. (a) A former legislator is entitled, upon written application to the director, to receive a retirement allowance monthly, if the person: (1) has either served at least six full years, or has served during all or part of four regular sessions as a member of the legislature, which service […]