State Ex Rel. Morse v. Christianson

To properly determine the question presented by this appeal, we must construe secs. 66.90 to 66.919, inclusive, of the statutes, and in particular the following:

66.906 (3) (a) “Alternative retirement annuities, (a) Notwithstanding any other provision of sections 66.90 to 66.919, any participating employee who is eligible to receive an ordinary retirement annuity under section 66.906 (2) may elect, in lieu of such annuity, to take the actuarial equivalent thereof as a retirement annuity payable monthly for the life of the participating employee as the annuitant, with a guaranty of one hundred…