Election of a member's retirement annuity modification or deferred vested members

Summary

The bill amends Minnesota Statutes to let members who terminated teaching service before June 30 2025 elect a retirement annuity based on the rules in subdivision 6(e) as of July 1 2025, using a normal retirement age of 65. It also clarifies that, unless this special election applies, annuities are calculated under the law in effect at the time of termination, and returning teachers must earn at least half a year of service to benefit from later law changes.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share