§ 353F.057 — Termination From Service Requirement
Plain-Language Summary
This section establishes when a privatized employee is considered to have terminated service for purposes of PERA benefits. It clarifies how the separation from public employment is treated for pension calculations.
353F.057 TERMINATION FROM SERVICE REQUIREMENT.
Upon termination of service from the privatized employer after the effective date of privatization, a privatized employee must separate from any employment relationship with the privatized employer for at least 30 days to qualify to receive a retirement annuity under this chapter.
History:
2013 c 111 art 3 s 24; 2018 c 211 art 10 s 18; 2025 c 37 art 4 s 20
**NOTE: **The amendment to this section by Laws 2025, chapter 37, article 4, section 20, is effective July 1, 2027. Laws 2025, chapter 37, article 4, section 26.
History: History: 2013 c 111 art 3 s 24; 2018 c 211 art 10 s 18; 2025 c 37 art 4 s 20