Subdivision 1. Authorization. Notwithstanding any other provisions in this chapter, an eligible person as specified in subdivision 2 is authorized to commence receipt of a retirement annuity from the association and enter into an agreement to return to work. This provision must be administered in accordance with the federal Internal Revenue Code and applicable rulings.
Subd. 2. Eligibility. An eligible person is a person who:
(1) is a teacher as defined by section 354.05, subdivision 2, who is at least age 62;
(2) enters into a written agreement with the employing unit to return to work; and
(3) retires under the provisions of section 354.44 and begins to draw an annuity from the Teachers Retirement Association.
Subd. 3. Work agreement. Participation, the amount of time worked, and the duration of participation under this section must be mutually agreed upon by the employing unit and the employee. The employing unit may require up to a one-year notice of intent to participate in the program as a condition of participation. The employing unit shall determine the time of year the employee shall work. Unless otherwise specified in this section, the employing unit may not require a person to waive any rights under a collective bargaining agreement as a condition of participation under this section.
Subd. 4. Exclusion. For purposes of this section, "employing unit" does not include the Minnesota State Colleges and Universities system.
Subd. 5. No service credit or contribution. Notwithstanding any law to the contrary, an eligible person under this section may not, based on employment to which this section applies, contribute to or earn further service credit in the Teachers Retirement Association.
Subd. 6. Annuity application procedure. A participant in the program specified in this section must apply for a retirement annuity under the application procedure specified in section 354.44, subdivisions 3 and 4. A copy of the written agreement with the employing unit must be included with the person's retirement annuity application. This written agreement must include the termination date and reemployment date. The filing of the initial executed agreement must occur before reemployment under the agreement commences. The reemployment date must be after the member's accrual date.
Subd. 7. Annuity treatment. For purposes of the annuity deferral under section 354.44, subdivision 5, an eligible person under this section is a reemployed annuitant.
Subd. 8. Continuing rights. A person who returns to work under this section is a member of the appropriate bargaining unit and is covered by the appropriate collective bargaining contract. Except as provided in this section, the person's coverage is subject to any part of the contract limiting rights of part-time employees.
2008 c 349 art 3 s 9
Structure Minnesota Statutes
Chapters 352 - 356B — Retirement
Chapter 354 — Teachers Retirement
Section 354.06 — Board Of Trustees; Membership; Duties.
Section 354.07 — Powers Of The Board.
Section 354.091 — Service Credit.
Section 354.092 — Sabbatical Leave.
Section 354.093 — Parental Leave.
Section 354.094 — Extended Leaves Of Absence.
Section 354.095 — Medical Leave.
Section 354.096 — Family Leave.
Section 354.10 — Funds Not Subject To Assignment Or Process; Beneficiaries.
Section 354.105 — Payments Using Pretax Transfers.
Section 354.35 — Optional Accelerated Retirement Annuity Before Normal Retirement Age.
Section 354.41 — Teachers Retirement Association, Eligibility For Membership.
Section 354.42 — Contributions By Employer And Employee.
Section 354.435 — Additional Contributions By Special School District No. 1 And City Of Minneapolis.
Section 354.44 — Retirement Benefits.
Section 354.444 — Return To Work Agreement.
Section 354.445 — No Annuity Reduction.
Section 354.45 — Optional Retirement Annuities; Unpaid Annuities, Disposition.
Section 354.46 — Payments After Death.
Section 354.47 — Payment After Death.
Section 354.471 — Account Termination; Restoration.
Section 354.48 — Permanent Disability Benefits.
Section 354.50 — Termination Of Service Credits.
Section 354.51 — Payments To Receive Credit For Prior Service; Shortages In Member Deductions.
Section 354.512 — Recovery Of Deficiencies.
Section 354.53 — Credit For Break In Service To Provide Uniformed Service.
Section 354.543 — Prior Or Uncredited Military Service Credit Purchase.
Section 354.544 — Service Credit Purchase For Teaching Service In Other States.
Section 354.55 — Options To Certain Members.
Section 354.64 — Effect Of Records.
Section 354.66 — Qualified Part-time Teachers; Membership In Association.
Section 354.69 — Information Supplied By District.
Section 354.70 — Consolidation Of Minneapolis Teachers Retirement Fund Association.
Section 354.72 — Authorized Leave Of Absence And Strike Period Service Credit Purchase Procedure.