2006 Minnesota Statutes
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Chapter 354C
Section 354C.14
Recent History
- 2010 354C.14 Amended 2010 c 359 art 8 s 4
- 1995 354C.14 New 1995 c 141 art 4 s 20
This is an historical version of this statute chapter. Also view the most recent published version.
354C.14 INVESTMENT OF DEDUCTIONS AND CONTRIBUTIONS.
(a) The Board of Trustees of the Minnesota State Colleges and Universities shall invest the
deductions and contributions under section 354C.12, after deduction of administrative expenses
under section 354C.12, subdivision 4, in annuity contracts or custodial accounts from financial
institutions selected by the State Board of Investment under section 354B.25, subdivision 3.
(b) The retirement contributions and death benefits provided by annuity contracts or custodial
accounts purchased by the Board of Trustees of the Minnesota State Colleges and Universities are
owned by the supplemental retirement plan and must be paid in accordance with those annuity
contracts or custodial account agreements.
History: 1995 c 141 art 4 s 20; 1995 c 212 art 4 s 64
(a) The Board of Trustees of the Minnesota State Colleges and Universities shall invest the
deductions and contributions under section 354C.12, after deduction of administrative expenses
under section 354C.12, subdivision 4, in annuity contracts or custodial accounts from financial
institutions selected by the State Board of Investment under section 354B.25, subdivision 3.
(b) The retirement contributions and death benefits provided by annuity contracts or custodial
accounts purchased by the Board of Trustees of the Minnesota State Colleges and Universities are
owned by the supplemental retirement plan and must be paid in accordance with those annuity
contracts or custodial account agreements.
History: 1995 c 141 art 4 s 20; 1995 c 212 art 4 s 64
Official Publication of the State of Minnesota
Revisor of Statutes