Subd. 1.

Repealed, 1975 c 368 s 51

Subd. 2.

A participant who becomes totally and permanently disabled has the option even if on leave of absence without pay to receive:

1. (1) The value of the participant's total shares;
2. (2) The value of one-half of the total shares and an annuity based on the value of one-half of the total shares; or
3. (3) An annuity based on the value of the participant's total shares.

Subd. 3.

The annuity payable under this section shall begin to accrue the first day of the month following the date of disability and shall be based on the participant's age when the annuity begins to accrue. The shares shall be valued as of the end of the month following authorization of payments.

Subd. 4.

The benefits payable under this section shall not be reduced by amounts received or receivable under applicable workers' compensation laws.

Subd. 5.

A participant who returns to covered service after receiving benefits under this section shall not be required or allowed to repay such benefits.