Section 356A.01 — Definitions.
356A.01 DEFINITIONS. Subdivision 1. Scope. For purposes of this chapter, the following terms have the meanings given them in this section. Subd. 2. Benefit. “Benefit” means an amount, other than an administrative expense, paid or payable from a pension plan, including a retirement annuity, service pension, disability benefit, survivor benefit, death benefit, funeral benefit, or […]
Section 356A.02 — Fiduciary Status And Activities.
356A.02 FIDUCIARY STATUS AND ACTIVITIES. Subdivision 1. Fiduciary status. For purposes of this chapter, the following persons are fiduciaries: (1) any member of the governing board of a covered pension plan; (2) the chief administrative officer of a covered pension plan or of the State Board of Investment; (3) any member of the State Board […]
Section 356A.03 — Prohibition Of Certain Persons From Fiduciary Status.
356A.03 PROHIBITION OF CERTAIN PERSONS FROM FIDUCIARY STATUS. Subdivision 1. Individual prohibition. For the prohibition period established by subdivision 2, a person, other than a constitutional officer of the state, who has been convicted of a violation listed in subdivision 3, may not serve in a fiduciary capacity identified in section 356A.02. Subd. 2. Prohibition […]