Section 353G.13 Portability - Minnesota Statutes

353G.13 PORTABILITY.

Subdivision 1.Eligibility.

An active firefighter who is a member of the retirement plan who also renders firefighting service and has good time service credit in the retirement plan from another fire department, if the good time service credit in the plan from a combination of periods totals at least five years, is eligible, upon complying with the other requirements of section 353G.09, to receive a service pension upon filing an application in the manner prescribed by the executive director, computed as provided in subdivision 2.

Subd. 2.Combined service pension computation.

The service pension payable to a firefighter who qualifies under subdivision 1 is the per year of good time service credit service pension amount in effect for each account in which the firefighter has good time service credit as of the date on which the firefighter terminated active service with the fire department associated with the applicable account, multiplied by the number of years of good time service credit that the firefighter has in the applicable account.

Subd. 3.Payment.

A service pension under this section must be paid in a single payment, with the applicable portion of the total service pension payment amount deducted from each account.

History:

2009 c 169 art 9 s 22