Section 356.87 — Health Insurance Withholding.
356.87 HEALTH INSURANCE WITHHOLDING. Subdivision 1. Public employees insurance program withholding. (a) Upon authorization of a person entitled to receive a retirement annuity, disability benefit or survivor benefit, the executive director of a public pension fund enumerated in section 356.20, subdivision 2, shall withhold health insurance premium amounts from the retirement annuity, disability benefit or […]
Section 356.91 — Voluntary Membership Dues Deduction.
356.91 VOLUNTARY MEMBERSHIP DUES DEDUCTION. (a) Upon written authorization of a person receiving an annuity from a public pension fund administered by the Minnesota State Retirement System, the Public Employees Retirement Association, or the Teachers Retirement Association, the executive director of the public pension fund shall deduct from the retirement annuity an amount requested by […]
Section 356.96 — Pension Plan Appeal Procedures.
356.96 PENSION PLAN APPEAL PROCEDURES. Subdivision 1. Definitions. (a) Unless the language or context clearly indicates that a different meaning is intended, for the purpose of this section, the terms in this subdivision have the meanings given them. (b) “Executive director” means the executive director of a covered pension plan or the executive director’s designee […]
Section 356.97 — Information Services And Technology.
356.97 INFORMATION SERVICES AND TECHNOLOGY. The executive directors subject to the standard of fiduciary conduct under chapter 356A and the boards to which they report are exempt from the requirements of chapter 16E. An executive director or a board may use services provided by the Department of Information Technology Services. History: 1Sp2019 c 8 art […]
Section 356.98 — Allocation Of Receivables.
356.98 ALLOCATION OF RECEIVABLES. If an employing unit is dissolved or closed and amounts are owed to more than one Minnesota public pension plan, any amounts available to cover payments to the plans must be applied first to the employee contributions owed to the applicable plans, and next to the unpaid employer contributions, including any […]
Section 356.99 — Correction Of Erroneous Defined Benefit Plan Coverage.
356.99 CORRECTION OF ERRONEOUS DEFINED BENEFIT PLAN COVERAGE. Subdivision 1. Definitions. (a) For purposes of this section, the terms in paragraphs (b) to (e) have the meanings given them. (b) “Chief administrative officer” means the person selected or elected by the governing board of a covered pension plan with primary responsibility to administer the covered […]
Section 356.645 — Investment Of Defined Contribution Plans And Volunteer Firefighters Relief Associations.
356.645 INVESTMENT OF DEFINED CONTRIBUTION PLANS AND VOLUNTEER FIREFIGHTERS RELIEF ASSOCIATIONS. The State Board of Investment shall determine the investments to be made available to plan participants in plans defined in sections 352.965, 352.98, and 383B.46 and chapters 352D and 353D and to volunteer firefighters relief associations under chapter 424A. Investments made available to plan […]
Section 356.646 — Plan Participant Investment Responsibility.
356.646 PLAN PARTICIPANT INVESTMENT RESPONSIBILITY. Subdivision 1. Member investment responsibility. The state, State Board of Investment and its executive director and staff, plan administrators and their staff, and participating public employers are not liable and are not responsible for any investment losses due to choices made by participants or due to qualified default investment alternatives. […]
Section 356.65 — Disposition Of Abandoned Public Pension Fund Amounts.
356.65 DISPOSITION OF ABANDONED PUBLIC PENSION FUND AMOUNTS. Subdivision 1. Definitions. For purposes of this section, unless the context clearly indicates otherwise, each of the following terms has the meaning given to it: (a) “Public pension fund” means any public pension plan as defined in section 356.63, paragraph (b), and any Minnesota volunteer firefighters relief […]
Section 356.82 — Savings Clause.
356.82 SAVINGS CLAUSE. The intent of the legislature in sections 352.01, subdivision 25; 353.01, subdivision 37; 354.05, subdivision 38; and 354A.011, subdivision 15a is to create a normal retirement age for persons first covered by those sections after the effective date of those sections that is the same as the retirement age in the federal […]