Current through Register Vol. 49, No. 8, August 19, 2024
Section 356.646 - [Added by 2014Minn. Laws, ch296 s13-26 ]COUNTY SHERIFF TEMPORARY EARLY RETIREMENT PROVISIONSubdivision 1. Application. (a) This section applies to a county sheriff who: (1) terminates membership in the public employees police and fire plan after June 30, 2014, and by the final day in office in January 2015 as reported by the county;(2) is at least age 50 but less than age 55 on the date of termination;(3) is at least partially vested under Minnesota Statutes, section 353.01, subdivision 47, and meets all applicable requirements for receipt of an early retirement annuity from the plan; and(4) has as the benefit effective date the day following termination of public employees police and fire plan membership.(b) Notwithstanding any provision of Minnesota Statutes, section 353.651, subdivision 4, to the contrary, the early retirement annuity applicable to an eligible person under paragraph (a) is the applicable benefit specified in subdivision 2.Subd. 2. Early retirement annuity. (a) If an eligible person became a public employees police and fire plan member after June 30, 2007, or was a former member who was reinstated as a member after that date, the person is entitled, upon application, to the normal annuity calculated under Minnesota Statutes, section 353.651, subdivision 3, reduced by two-tenths of one percent for each month that the member is under age 55 at the time of retirement.(b) If an eligible person became a public employees police and fire plan member before July 1, 2007, and is covered under paragraph (a), the person is entitled, upon application, to the normal annuity calculated under Minnesota Statutes, section 353.651, subdivision 3, reduced by one-tenth of one percent for each month that the member is under age 55 at the time of retirement.(c) If an eligible person is not fully vested, the annuity computed under this section must be reduced accordingly.Subd. 3. Expiration. This section expires January 1, 2016.Added by 2014 Minn. Laws, ch. 296,s 13-26, eff. 8/1/2014.This section is set out more than once due to postponed, multiple, or conflicting amendments.