356.46 APPLICATION FOR RETIREMENT ANNUITY; PROCEDURE FOR ELECTING ANNUITY FORM; MANDATORY JOINT AND SURVIVOR OPTIONAL ANNUITY FORM. Subdivision 1. Definitions. As used in this section, each of the following terms shall have the meaning given. (a) “Annuity form” means the payment procedure and duration of a retirement annuity or disability benefit available to a member […]
356.461 VARIOUS RETIREMENT SYSTEMS; JOINT AND SURVIVOR ANNUITY COMPUTATION. Subdivision 1. Joint and survivor annuity computation. Notwithstanding any provision of section 356.215, subdivision 8, or 356.415 to the contrary, for purposes of computing joint and survivor annuities, the applicable investment return assumption is 6.5 percent. Subd. 2. Covered plans. This section applies to the following […]
356.465 SUPPLEMENTAL NEEDS TRUST AS OPTIONAL ANNUITY FORM RECIPIENT. Subdivision 1. Inclusion as recipient. A retiring member may designate a qualified supplemental needs trust under subdivision 2 as the remainder recipient on an optional retirement annuity form for a period not to exceed the lifetime of the beneficiary of the supplemental needs trust. Subd. 2. […]
