LOCAL GOVERNMENT CORRECTIONAL SERVICE RETIREMENT PLAN

Accounting and bookkeeping

Financial and actuarial reporting practices, Minn. Statutes 2006 16A.055, 356.20, 356.215

Refund repayments, Minn. Statutes 2006 356.441

Accumulated contributions

Abandoned amounts, disposition, Minn. Statutes 2006 356.65

Actuarial valuations

Alternative valuations, Minn. Statutes 2006 356.23

Copies, Minn. Statutes 2006 356A.07

Employee/employer contributions, changes in, Minn. Statutes 2006 353.27

Financial reporting, Minn. Statutes 2006 356.20

Generally, Minn. Statutes 2006 356.214, 356.215

Legislature, rights, Minn. Statutes 2006 356.22

Supplemental actuarial valuations, Minn. Statutes 2006 356.23

Survivor benefits, Minn. Statutes 2006 353E.07

Actuaries

Actuarial valuations, see same under this topic

Approved actuaries, Minn. Statutes 2006 356.214, 356.215

Generally, Minn. Statutes 2006 356.214

Administration

Expenses, Minn. Statutes 2006 353E.01, 356.215

Public Employees Retirement Association, duties, Minn. Statutes 2006 353E.01

Age of retirement

Disability benefits, termination, Minn. Statutes 2006 353E.06

Early retirement, Minn. Statutes 2006 353E.04

Normal retirement age, Minn. Statutes 2006 353.01, 354A.011, 356.403

Normal retirement annuities, Minn. Statutes 2006 353E.04

Survivor benefits, Minn. Statutes 2006 353E.07

Annuities

Abandoned amounts, disposition, Minn. Statutes 2006 356.65

Automatic deposit, Minn. Statutes 2006 356.401

Combined service annuities, Minn. Statutes 2006 356.30

Deferred annuities, Minn. Statutes 2006 356.30

Exemption from process, Minn. Statutes 2006 356.401

Joint and survivor annuities, see same under this topic

Normal retirement annuities, see same under this topic

Optional annuities, see same under this topic

Payment, Minn. Statutes 2006 356.40

Qualified annuities, using for refund repayments, Minn. Statutes 2006 356.441

Repayment, wrongful discharges, Minn. Statutes 2006 356.50

Retirement annuities, see Normal retirement annuities under this topic

Service credit purchase procedures, strike periods, Minn. Statutes 2006 356.195

Appropriations to, withholding

Investment reporting noncompliance, Minn. Statutes 2006 356.219

Assets

Definitions, Minn. Statutes 2006 356.215

Investment diversification, Minn. Statutes 2006 356A.06

Limitations on use, Minn. Statutes 2006 356.63

Market valuation method, Minn. Statutes 2006 356.215

Title, holding, Minn. Statutes 2006 356A.06

Audits and examinations

Financial reporting requirements, Minn. Statutes 2006 356.20

Average salary, defined, Minn. Statutes 2006 353E.04

Beneficiaries, payments to, Minn. Statutes 2006 353E.07, 356.001

Benefits

Abandoned amounts, disposition, Minn. Statutes 2006 356.65

Automatic deposit, Minn. Statutes 2006 356.401

Benefit provisions summary, Minn. Statutes 2006 356A.07

Combined service benefits, Minn. Statutes 2006 356.302, 356.303

Definitions, Minn. Statutes 2006 356A.01

Disability benefits, see same under this topic

Eligible rollover distributions, Minn. Statutes 2006 356.635

Exemption from process, Minn. Statutes 2006 356.401

Fiduciaries, duties, Minn. Statutes 2006 356A.02

Internal Revenue Code compliance, Minn. Statutes 2006 356.635

Maximum benefit limitations, Minn. Statutes 2006 356.611

Members' nonforfeitable interest, Minn. Statutes 2006 356.001

Payment, Minn. Statutes 2006 356.40

Recipients, defined, Minn. Statutes 2006 356A.01

Survivor benefits, see Joint and survivor annuities under this topic

Termination of plan or fund, procedures, Minn. Statutes 2006 356.001

Breach of fiduciary duty

Cofiduciaries, liability, Minn. Statutes 2006 356A.10

Generally, Minn. Statutes 2006 356A.09

Indemnification, Minn. Statutes 2006 356A.11

Lawsuits, Minn. Statutes 2006 356A.12

Buybacks, service credit, Minn. Statutes 2006 356.195, 356.30

Certificates and certification

Economic interest statements, list of filings, Minn. Statutes 2006 356A.06

Chief administrative officer, duties, see Executive director under PUBLIC EMPLOYEES RETIREMENT ASSOCIATION (PERA)

Cofiduciaries

Duties, generally, Minn. Statutes 2006 356A.10

Liability, Minn. Statutes 2006 356A.10

Service of process on, Minn. Statutes 2006 356A.12

Combined investment fund, participation, Minn. Statutes 2006 353E.01

Combined service annuities

Amount, formula, Minn. Statutes 2006 353E.04, 356.30

Deferred annuities, Minn. Statutes 2006 353E.05, 356.30

Service credit, formula, Minn. Statutes 2006 356.30

Combined service disability benefits, Minn. Statutes 2006 353E.06, 356.302

Combined service survivor benefits, Minn. Statutes 2006 356.303

Compensation and salaries

Average salary, defined, Minn. Statutes 2006 353E.04

Fiduciaries, Minn. Statutes 2006 356A.06, 356A.08

Contested cases, adverse determination of eligibility

Benefits, or other rights, Minn. Statutes 2006 356A.07

Continuing education, Minn. Statutes 2006 356A.13

Contributions to more than one public retirement plan

Retirement age, Minn. Statutes 2006 353.01

Teachers Retirement Association, Minn. Statutes 2006 354.094

Copies, plan documents, summaries, and reports, Minn. Statutes 2006 356A.07

Coverage by more than one system, see Portability with other retirement plans under this topic

Covered employees, see Members under this topic

Covered governmental entities, see Employers under this topic

Custodian bank accounts, establishment, Minn. Statutes 2006 356.001

Data, access, marriage dissolution, Minn. Statutes 2006 356.49

Dedicated fund, Minn. Statutes 2006 356.63

Deferred annuities, augmentation, combined service annuities, Minn. Statutes 2006 353E.05, 353E.06, 356.30

Deferred compensation, see STATE DEFERRED COMPENSATION PLAN

Definitions

Actuarial valuations, Minn. Statutes 2006 356.215

Local government correctional service retirement plan, Minn. Statutes 2006 353E.02, 353E.04

Loss of survivor benefits, Minn. Statutes 2006 356.406

Public pension fiduciary responsibility, Minn. Statutes 2006 356A.01, 356A.06

Dependent children, see Survivor benefits under this topic

Depositories, designation, Minn. Statutes 2006 356A.06

Disability benefits

Adjustments, certain recipients, Minn. Statutes 2006 356.41

Combined service disability benefits, Minn. Statutes 2006 353E.06, 356.302

Generally, Minn. Statutes 2006 353E.06

Health insurance premiums, withholding, Minn. Statutes 2006 356.87

Optional annuities, see same under this topic

Supplemental needs trusts, Minn. Statutes 2006 356.465

Wrongful discharges, effect on, Minn. Statutes 2006 356.50

Disclosure

Actuarial valuations, Minn. Statutes 2006 356.215

Fiduciaries, Minn. Statutes 2006 356A.03, 356A.06

Financial reporting requirements, Minn. Statutes 2006 356.20

Dissolution of marriage, retirement benefits or rights, information regarding, Minn. Statutes 2006 356.49

Early retirement, Minn. Statutes 2006 353E.04, 353E.07

Economic interest statements, fiduciaries, Minn. Statutes 2006 356A.06

Employee contributions, see Member contributions under this topic

Employees of the retirement plan

Indemnification, breach of fiduciary duty, Minn. Statutes 2006 356A.11

Employer contributions

Amount, Minn. Statutes 2006 353E.03

Changes in, Minn. Statutes 2006 353.27

Collection, Minn. Statutes 2006 353E.01

Depositing, Minn. Statutes 2006 353E.01

Failure to pay, collection process, Minn. Statutes 2006 353.28

Medicare coverage, Minn. Statutes 2006 355.095

Workers' compensation recipients, service credit, Minn. Statutes 2006 353.01

Wrongful discharges, service credit, Minn. Statutes 2006 356.50

Employers

Benefit provision summaries, duties, Minn. Statutes 2006 356A.07

Certificates and certification, local government correctional service employees, Minn. Statutes 2006 353E.02

Certifying to, employer contributions, amounts due, Minn. Statutes 2006 353.28

Contributions, see Employer contributions under this topic

Reports given

Employee contribution pick ups, Minn. Statutes 2006 356.62

Wrongful discharges, Minn. Statutes 2006 356.50

Reports received, financial reports, Minn. Statutes 2006 356.20

Employing units, duties, see Employers under this topic

Establishment, Minn. Statutes 2006 353E.01

Exclusions from coverage, Minn. Statutes 2006 353.01

Experience studies, Minn. Statutes 2006 356.214, 356.215

Fiduciaries

Activities, generally, Minn. Statutes 2006 356A.02

Breach of conduct or duties, Minn. Statutes 2006 356A.09 to 356A.12

Cofiduciaries, Minn. Statutes 2006 356A.01, 356A.10, 356A.12

Compensation and salaries, Minn. Statutes 2006 356A.06, 356A.08

Continuing education, Minn. Statutes 2006 356A.13

Definitions, Minn. Statutes 2006 356A.01

Direct or indirect profits, Minn. Statutes 2006 356A.06

Disclosure, Minn. Statutes 2006 356A.03, 356A.06

Duties, Minn. Statutes 2006 356A.02, 356A.04, 356A.05

Economic interest statements, Minn. Statutes 2006 356A.06

Felony violations, documentation, service prohibition, Minn. Statutes 2006 356A.03, 609B.177

Generally, Minn. Statutes 2006 356A.01 to 356A.13

Investments, duties, Minn. Statutes 2006 356A.02, 356A.06

Prohibited transactions, Minn. Statutes 2006 356A.06

Service of process on, Minn. Statutes 2006 356A.12

Standard of conduct, Minn. Statutes 2006 356A.04

Financial reports

Alternative reports, Minn. Statutes 2006 356.23

Copies, distribution, Minn. Statutes 2006 356.20, 356A.07

Requirements, generally, Minn. Statutes 2006 356.20

Former members, marriage dissolution actions

Information requirements, Minn. Statutes 2006 356.49

Funds and accounts

Custodian bank accounts, Minn. Statutes 2006 356.001

Dedicated fund, Minn. Statutes 2006 356.63

Local government correctional service retirement fund, Minn. Statutes 2006 356.65

Special fund, Minn. Statutes 2006 353E.01, 356.65

Generally, Minn. Statutes 2006 353E.01 to 353E.08

Governing board of a pension plan, see Board of trustees under PUBLIC EMPLOYEES RETIREMENT ASSOCIATION (PERA)

Governing body rules and policies

Defined as plan documents, Minn. Statutes 2006 356A.01

Governmental subdivisions, duties, see Employers under this topic

Insurance, public employees program, Minn. Statutes 2006 43A.316, 356.87

Interest rates

Actuarial valuations, Minn. Statutes 2006 356.215

Forfeited service, refund repayments, Minn. Statutes 2006 356.44

Workers' compensation recipients, service credit contributions, Minn. Statutes 2006 353.01

Investment of funds

Fiduciaries, duties, Minn. Statutes 2006 356A.02, 356A.06

Investment expenses, Minn. Statutes 2006 356.215

Policy statement, Minn. Statutes 2006 356.219

Reports about, Minn. Statutes 2006 356.219

Requirements, generally, Minn. Statutes 2006 356A.06

Joint and survivor annuities

Adjustments, certain recipients, Minn. Statutes 2006 356.41

Beneficiaries charged or convicted of causing member's death, suspension, forfeiture, and recovery, Minn. Statutes 2006 356.406

Combined service survivor benefits, Minn. Statutes 2006 356.303

Definitions, Minn. Statutes 2006 356.406

Election of, Minn. Statutes 2006 353E.07

Health insurance premiums, withholding, Minn. Statutes 2006 356.87

Lawsuits, breach of fiduciary duty, Minn. Statutes 2006 356A.12

Liability

Cofiduciaries, Minn. Statutes 2006 356A.10

Unfunded actuarial accrued liability, Minn. Statutes 2006 356.215, 356.22

Local government correctional service employee, defined, Minn. Statutes 2006 353E.02

Local government correctional service retirement fund

Credits to, abandoned contributions, annuities, or benefits, Minn. Statutes 2006 356.65

Deposits, appropriations, and disbursements, Minn. Statutes 2006 353E.01

Mail and mailing

Benefit distribution notice, Minn. Statutes 2006 356.001

Retirement annuities, information, completed applications, Minn. Statutes 2006 356.46

Meetings, see OPEN MEETING LAW

Member contributions

Amount, Minn. Statutes 2006 353E.03

Changes in, Minn. Statutes 2006 353.27

Collection, Minn. Statutes 2006 353E.01

Depositing, Minn. Statutes 2006 353E.01

Employers, pick up after 1982, Minn. Statutes 2006 356.62

Federal compensation limits, Minn. Statutes 2006 356.611

Referendum, Medicare coverage, Minn. Statutes 2006 355.095

Reports about, Minn. Statutes 2006 356.62

Workers' compensation recipients, service credit, Minn. Statutes 2006 353.01

Wrongful discharges, service credit, Minn. Statutes 2006 356.50

Members

Actuarial valuations, Minn. Statutes 2006 356.215

Death caused by surviving beneficiary, loss of survivor benefits, Minn. Statutes 2006 356.406

Definitions, Minn. Statutes 2006 356.406, 356A.01

Included employees, Minn. Statutes 2006 353E.02

Marriage dissolution actions, information requirements, Minn. Statutes 2006 356.49

Payments to, benefit distribution upon plan termination, Minn. Statutes 2006 356.001

Proof of death, notice, Minn. Statutes 2006 356.001

Reports received, Minn. Statutes 2006 356.20, 356.62, 356A.07

Transfer from PERA general plan, state aid reduction prohibited, Minn. Statutes 2006 273.1385

Normal retirement annuities

Amount, formula, Minn. Statutes 2006 352.115, 353E.04

Benefits, Minn. Statutes 2006 354.44

Completed applications, copies to spouses, Minn. Statutes 2006 356.46

Coordinated benefits, Minn. Statutes 2006 354A.31

Deferred annuities, augmentation, Minn. Statutes 2006 353E.05, 353E.06, 356.30

Early retirement, Minn. Statutes 2006 353E.04, 353E.07

Exemption from process, Minn. Statutes 2006 356.401

Generally, Minn. Statutes 2006 353E.04

Health insurance premiums, withholding, Minn. Statutes 2006 356.87

Optional annuities, see same under this topic

PERA, termination of membership, Minn. Statutes 2006 353.29

Simultaneous payment of survivor benefits, Minn. Statutes 2006 356.40

Notice given

Benefit distribution, Minn. Statutes 2006 356.001

Investment restrictions, Minn. Statutes 2006 356A.06

Optional annuities

Accrual, Minn. Statutes 2006 353E.06

In lieu of disability benefits, Minn. Statutes 2006 353E.06

In lieu of normal retirement annuities, Minn. Statutes 2006 353E.04

Information summaries, distribution, Minn. Statutes 2006 356.46

Supplemental needs trusts, Minn. Statutes 2006 356.465

Surviving spouse optional annuity, see Joint and survivor annuities under this topic

Survivor benefits, Minn. Statutes 2006 353E.07

Payments by

Actuarial costs, Minn. Statutes 2006 356.214

Allowable expenses, Minn. Statutes 2006 356.001

Benefit distribution upon plan termination, Minn. Statutes 2006 356.001

Fiduciaries, duties, Minn. Statutes 2006 356A.02

Health insurance premiums, Minn. Statutes 2006 356.87

Payments to

Health insurance, administrative expenses, Minn. Statutes 2006 356.87

Plan documents, copies to members, Minn. Statutes 2006 356A.07

Portability with other retirement plans

Legislators retirement plan, Minn. Statutes 2006 3A.12

Minneapolis Employees Retirement Fund, Minn. Statutes 2006 422A.16

Minnesota State Retirement System, Minn. Statutes 2006 352.72

Public Employees Retirement Association, Minn. Statutes 2006 353.71

Teachers retirement, Saint Paul and Duluth, Minn. Statutes 2006 354A.39

Teachers Retirement Association, Minn. Statutes 2006 354.60

Postretirement investment fund

Participation, Minn. Statutes 2006 353.271, 353E.01

Prior service credit, purchases, Minn. Statutes 2006 356.30

Public employees insurance program, Minn. Statutes 2006 43A.316, 356.87

Purpose, Minn. Statutes 2006 356.001

Records and record keeping

Fiduciaries, duties, Minn. Statutes 2006 356A.02

Investments, liquidity documentation, Minn. Statutes 2006 356A.06

Refunds

Automatic deposit, Minn. Statutes 2006 356.401

Public Employees Retirement Association, Minn. Statutes 2006 353.34

Repayment to

Combined service annuities, Minn. Statutes 2006 356.30

Forfeited service credit, Minn. Statutes 2006 356.44

Generally, Minn. Statutes 2006 356.441

Legislators retirement plan, Minn. Statutes 2006 3A.12

Minneapolis Employees Retirement Fund, Minn. Statutes 2006 422A.22

Minnesota State Retirement System, Minn. Statutes 2006 352.72

Public Employees Retirement Association, Minn. Statutes 2006 353.71

Teachers Retirement Association, Minn. Statutes 2006 354.50

Survivor benefits, Minn. Statutes 2006 353E.07

Reports given

Actuarial valuations, Minn. Statutes 2006 356.215

Experience studies, Minn. Statutes 2006 356.215

Financial reports, Minn. Statutes 2006 356.20, 356.23

Investment of funds, Minn. Statutes 2006 356.219

Marriage dissolution actions, pension benefits or rights, Minn. Statutes 2006 356.49

State auditor, duties, Minn. Statutes 2006 356.219

Reserves, prior service credit purchases, Minn. Statutes 2006 356.30

Retirement annuities, see Normal retirement annuities under this topic

Rule of 90, eligibility, Minn. Statutes 2006 353.30

Salary, see Compensation and salaries under this topic

Service credit

Combined service annuities, Minn. Statutes 2006 356.30

Combined service benefits, Minn. Statutes 2006 356.302, 356.303

Disability benefits, Minn. Statutes 2006 353E.06

Early retirement, Minn. Statutes 2006 353E.04

Forfeited service, refund repayments, Minn. Statutes 2006 356.44

Normal retirement benefits, Minn. Statutes 2006 353E.04

Restored service credit, Minn. Statutes 2006 356.44

Survivor benefits, Minn. Statutes 2006 353E.07

Workers' compensation recipients, Minn. Statutes 2006 353.01

Wrongful discharges, Minn. Statutes 2006 356.50

Spouses, retirement annuities, Minn. Statutes 2006 356.46

State aid, withholding

Investment reporting noncompliance, Minn. Statutes 2006 356.219

Statutes of limitations

Breach of fiduciary duty, Minn. Statutes 2006 356A.12

Successor organizations, Minn. Statutes 2006 356.20, 356.215

Supplemental needs trusts, optional annuity, Minn. Statutes 2006 356.465

Surviving child, see Survivor benefits under this topic

Surviving spouses, see Survivor benefits under this topic

Survivor benefits

Exemption from process, Minn. Statutes 2006 356.401

Generally, Minn. Statutes 2006 353E.07

Joint and survivor annuities, see same under this topic

Simultaneous payment of retirement annuities, Minn. Statutes 2006 356.40

Termination of plan or fund, Minn. Statutes 2006 356.001

Transfer of funds

Postretirement conversion, Minn. Statutes 2006 356.431

Unfunded actuarial accrued liability, Minn. Statutes 2006 356.215, 356.22

Vesting requirements, see Service credit under this topic

Violations and penalties

Fiduciaries, felony violations, service prohibition, Minn. Statutes 2006 356A.03, 609B.177

Investment reporting, noncompliance, Minn. Statutes 2006 356.219

Prohibited transactions, defined, Minn. Statutes 2006 356A.06

Surviving beneficiaries, charge or conviction of causing member's death, loss of survivor benefits, Minn. Statutes 2006 356.406

Waivers

State aid or appropriations, withholding for investment reporting noncompliance, Minn. Statutes 2006 356.219

Survivor benefits, Minn. Statutes 2006 353E.07

Workers' compensation benefits

Service credit, while receiving temporary benefits, Minn. Statutes 2006 353.01

Wrongful discharges, Minn. Statutes 2006 356.50

Years of service, see Service credit under this topic