I am going to be a .5 FTE this year, though not in MN I am further West. In my district the pay is exactly 1/2 of what I would get paid. 1/2 of the sick days, 1/2 of the vacation or personal days, etc. Benefits, like health insurance are substantially more, but my husband carries ours so I won't have too. The other teacher has taught longer, so her 1/2 will be more than mine. We are doing an A.M./P.M. split. She is the morning I am afternoons. Except for we both have to be to all faculty meetings, trainings, first and last day of school, and anything else they come up with. I teach writing, math, and science, and she will teaching reading, spelling, vocabulary, and social studies. A lot of the splits I've seen are mon. tues. wed. morning and then wed. afternoon, thursday, friday. The teachers teach all subjects and share the class and subjects. I will share the kids, but my grading is completely seperate. So there are different formats, even within school districts. In my state if I teach at least .5 of FTE then it qualifies as 1 full years experience toward my lane 2 license. I am not sure how that all translates in MN. I would apply, if you can get your foot in the door maybe it will help you secure a full time next year if that is what you want. Hopefully this helps.