356.22 INTERPRETATION.
Subdivision 1.
Provision of additional valuations. No provision in sections
356.20 to
356.23 may be construed in any way to limit any of the enumerated pension and retirement
funds from furnishing additional actuarial valuations or experience studies, or additional data
and actuarial calculations, as may be requested by the legislature or any standing committee or
by the Legislative Commission on Pensions and Retirement.
Subd. 2.
Accelerated amortization. No provision in sections
356.20 to
356.23 may be
construed to preclude any public pension and retirement fund enumerated in section
356.20,
subdivision 2
, from requesting, or the legislature from providing for, the amortization of any
unfunded actuarial accrued liability in a shorter period of time than by the established date for full
funding as determined under section
356.215, subdivision 11.
Subd. 3.
Additional required valuations. The legislature or any committee or commission
which has assigned to it the subject of public pensions or public retirement plans may require
actuarial valuations and experience studies in conformity with the provisions of sections
356.20
to
356.23 from any public pension and retirement plan or fund, whether enumerated in sections
356.20 to
356.23 or otherwise.
History: 1965 c 359 s 3; 1975 c 192 s 4,5; 1979 c 184 s 2; 1981 c 224 s 171; 1Sp1985 c 7 s
35; 1987 c 259 s 57; 2002 c 392 art 11 s 11