490.121 DEFINITIONS. Subdivision 1. Scope. For purposes of this chapter, unless the context clearly indicates otherwise, each of the terms defined in this section has the meaning given it. Subd. 2. [Repealed, 2006 c 271 art 11 s 49] Subd. 2a. Actuarial equivalent. (a) “Actuarial equivalent” means the condition of one annuity or benefit having […]
490.1211 UNIFORMED SERVICE. (a) A judge who is absent from employment by reason of service in the uniformed services, as defined in United States Code, title 38, section 4303(13), and who returns to state employment as a judge upon discharge from service in the uniformed service within the time frame required in United States Code, […]
490.122 ADMINISTRATION OF JUDGES’ RETIREMENT. Subdivision 1. Administration. The policy-making, management, and administrative functions governing the operation of the judges’ retirement fund and the administration of this chapter are vested in the board of directors and executive director of the Minnesota State Retirement System. In administering the plan and fund, the board and the director […]
490.1221 JUDGES PLAN PROGRAMS. (a) Members of the judges retirement plan are members of either the tier I or tier II program. (b) A tier I program judge is a person who was first appointed or elected as a judge before July 1, 2013, who was not eligible for the tier II program because the […]
490.1222 APPLICATION OF SERVICE CREDIT LIMIT. The service credit limit specified in section 490.121, subdivision 22, does not apply to a judge in the tier II program. History: 2013 c 111 art 14 s 9
490.123 JUDGES’ RETIREMENT FUND. Subdivision 1. Fund creation; revenue and authorized disbursements. (a) There is created a special fund to be known as the “judges’ retirement fund.” (b) The judges’ retirement fund must be credited with all contributions; all interest, dividends, and other investment proceeds; and all other income authorized by this chapter or other […]
490.124 MATURITY OF BENEFITS; RETIREMENT AND SURVIVORS’ ANNUITIES. Subdivision 1. Retirement annuity. (a) Except as qualified hereinafter from and after the mandatory retirement date, the normal retirement date, the early retirement date, or one year from the disability retirement date, as the case may be, a retiring judge is eligible to receive a retirement annuity […]
490.125 MANDATORY RETIREMENT. Subdivision 1. Mandatory retirement age. Except as otherwise provided in this chapter, a judge shall terminate active service as a judge on the judge’s mandatory retirement date. Subd. 2. Exception. Any judge in office on December 31, 1973 who shall have attained 70 years of age on or prior to such date […]
490.126 PROCEDURES. Subdivision 1. Compulsory retirement. Proceedings for compulsory retirement of a judge, if necessary, must be conducted in accordance with rules issued by the supreme court under section 490A.02. Subd. 2. Vacancies. Any judge may make written application to the governor for retirement. The governor thereupon shall direct the judge’s retirement by written order […]
490.133 RETIREMENT; TRANSITION; TRANSFER TO COURT OF APPEALS. (a) If a judge to whom or to whose survivors benefits would be payable under Minnesota Statutes 2004, sections 490.101 to 490.12, is elected or appointed to the court of appeals, that judge and the judge’s survivors continue to be eligible for benefits under those sections and […]
