Minnesota Statutes 353.67 – Application for Annuity

Current as of: 2023 | Check for updates | Other versions

Application for retirement annuity may be made by a member or by someone authorized to act in behalf of the member.

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Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.