Minnesota Legislature
Office of the Revisor of Statutes
2007 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
354.58 SUPPLEMENTAL RETIREMENT ANNUITY.
A supplemental retirement annuity shall be paid only to a member who retires pursuant to
section 354.44, subdivision 2, and the applicable optional retirement annuities as established
in sections 354.35 and 354.45. In establishing this supplemental retirement annuity, the board
shall ascertain the member's accumulated deduction including interest for the period of
allowable service prior to July 1, 1957, and the member shall receive a retirement credit of 100
percent of this amount. The retirement credit so established shall be the basis for purchasing a
supplemental retirement annuity using an annuity purchase rate based on the applicable annuity
table of mortality with an interest assumption as provided in section 354.07, subdivision 1. This
supplemental retirement annuity shall be doubled.
History: Ex1959 c 50 s 25; 1969 c 485 s 29; 1974 c 289 s 55; 1977 c 67 s 12; 1977 c 97
s 8; 1987 c 259 s 43
A supplemental retirement annuity shall be paid only to a member who retires pursuant to
section 354.44, subdivision 2, and the applicable optional retirement annuities as established
in sections 354.35 and 354.45. In establishing this supplemental retirement annuity, the board
shall ascertain the member's accumulated deduction including interest for the period of
allowable service prior to July 1, 1957, and the member shall receive a retirement credit of 100
percent of this amount. The retirement credit so established shall be the basis for purchasing a
supplemental retirement annuity using an annuity purchase rate based on the applicable annuity
table of mortality with an interest assumption as provided in section 354.07, subdivision 1. This
supplemental retirement annuity shall be doubled.
History: Ex1959 c 50 s 25; 1969 c 485 s 29; 1974 c 289 s 55; 1977 c 67 s 12; 1977 c 97
s 8; 1987 c 259 s 43
Official Publication of the State of Minnesota
Revisor of Statutes