2007 Minnesota Statutes

352D.015 DEFINITIONS.
    Subdivision 1. General. As used in this chapter, unless the context or subject matter indicates
otherwise, the following terms shall have the meanings given.
    Subd. 2. Unclassified program. "Unclassified program" means the program established
by this chapter.
    Subd. 3. Supplemental investment fund. "Supplemental investment fund" means the fund
established and governed by section 11A.17.
    Subd. 4. General fund. "General fund" means the general state employees retirement fund
except the moneys for the unclassified program.
    Subd. 5. Covered employment. "Covered employment" means employment covered by this
chapter or by chapter 352.
    Subd. 6. Employee shares. "Employee shares" means shares in the supplemental fund
purchased with the employee's contributions.
    Subd. 7. Employer shares. "Employer shares" means shares in the supplemental fund
purchased with the employer's contributions.
    Subd. 8. Total shares. "Total shares" means all the employee shares and employer shares
credited to a participant. Where applicable, the term "contributions" shall mean "shares."
    Subd. 9. Value. "Value" means cash value at the end of the month following receipt of an
application. If no application is required, "value" means the cash value at the end of the month in
which the event necessitating the transfer occurs.
    Subd. 10.[Repealed, 1975 c 368 s 51]
History: 1973 c 624 s 2; 1975 c 368 s 41; 1980 c 607 art 14 s 46; 1983 c 128 s 32; 1986 c
458 s 6; 1987 c 284 art 4 s 4; 1993 c 307 art 1 s 34; 1Sp2005 c 8 art 10 s 31,32