1998 Minnesota Statutes

     354.42 Contributions by employer and employee. 

    Subdivision 1.  Repealed, 1974 c 289 s 59 

    Subd. 2.    Employee.  The employee contribution to the 
 fund is an amount equal to 5.0 percent of the salary of every 
 coordinated member and 9.0 percent of the salary of every basic 
 member.  This contribution must be made by deduction from 
 salary.  Where any portion of a member's salary is paid from 
 other than public funds, the member's employee contribution must 
 be based on the entire salary received.  

    Subd. 3.    Employer.  The employer contribution to the 
 fund is an amount equal to 5.0 percent of the salary of each 
 coordinated member and 9.0 percent of the salary of each basic 
 member.  

    Subd. 4.  Repealed, 1969 c 485 s 40 

    Subd. 5.  Repealed, 1997 c 233 art 1 s 50 

    Subd. 6.  Repealed, 1974 c 289 s 59 

    Subd. 7.    Erroneous salary deductions or direct 
 payments.  (a) Any deductions taken from the salary of an 
 employee for the retirement fund in error shall be refunded to 
 the employee upon discovery and verification by the employing 
 unit making the deduction, and the corresponding employer 
 contribution and additional employer contribution amounts 
 attributable to the erroneous salary deduction must be refunded 
 to the employing unit. 

    (b) If salary deductions and employer contributions were 
 erroneously transmitted to the retirement fund and should have 
 been transmitted to another Minnesota public pension plan, the 
 retirement association must transfer these salary deductions and 
 employer contributions to the appropriate public pension fund 
 without interest.  For purposes of this paragraph, a Minnesota 
 public pension plan means a plan specified in section 356.30, 
 subdivision 3, or the plan governed by chapter 354B. 

    (c) If a salary warrant or check from which a deduction for 
 the retirement fund was taken has been canceled or the amount of 
 the warrant or check has been returned to the funds of the 
 employing unit making the payment, a refund of the amount 
 deducted, or any portion of it that is required to adjust the 
 salary deductions, shall be made to the employing unit. 

    (d) Any erroneous direct payments of member paid 
 contributions or erroneous salary deductions that were not 
 refunded in the regular processing of an employing unit's annual 
 summary report shall be refunded to the member with interest 
 computed using the rate and method specified in section 354.49, 
 subdivision 2. 

    HIST: Ex1957 c 16 s 4; Ex1959 c 50 s 30; 1965 c 821 s 8-10; 
 1967 c 834 s 4-6; 1969 c 485 s 13-16; 1973 c 270 s 9; 1973 c 728 
 s 14-16; 1974 c 289 s 20,21; 1977 c 313 s 1; 1978 c 781 s 3; 
 1979 c 293 s 1,2; 1984 c 564 s 29; 1987 c 259 s 34; 1989 c 319 
 art 2 s 12; 1990 c 570 art 12 s 29,30; 1990 c 591 art 2 s 5; 
 1994 c 508 art 1 s 4; 1994 c 524 s 1; 1994 c 528 art 3 s 15,16; 
 1995 c 141 art 3 s 20; 1997 c 233 art 1 s 48-50