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490.108 Transfer of the county and probate court judges survivors' account to the judges retirement fund.

As of June 1, 1979 the liability for the payment of any retirement benefits to the surviving spouses of deceased county and probate court judges payable and the liability for the retirement benefit coverage provided from and after June 1, 1979 to the spouses of county and probate court judges pursuant to Minnesota Statutes 1978, section 490.12, subdivision 7 shall be transferred from the county and probate court judges survivors' account established pursuant to Minnesota Statutes 1978, section 490.12, subdivisions 7 and 8 to the judges retirement fund established pursuant to Minnesota Statutes, sections 490.121 to 490.132. On June 1, 1979 the executive director of the Minnesota State Retirement System shall transfer the entire assets, including all accounts payable, of the county and probate court judges survivors' account to the judges retirement fund. Any accounts payable on June 1, 1979 shall also be transferred to the judges retirement fund. The judges retirement fund shall be the successor in interest to all claims for and against the county and probate court judges survivors' account. Upon the transfer of the assets of the county and probate court judges survivors' account to the judges retirement fund, the county and probate court judges survivors' account shall cease to exist as a legal entity.

HIST: 1979 c 296 s 4