Minnesota Legislature
Office of the Revisor of Statutes
2007 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
354.471 ACCOUNT TERMINATION; RESTORATION.
Subdivision 1. Account termination. If an active or deferred member dies and there is no
surviving spouse or other beneficiaries, or the spouse or beneficiaries cannot be located within five
years of the date of death of the member, the accumulated employee and employer contributions
and any other payments made to the Teachers Retirement Association fund by the individual or on
behalf of the individual, and all investment earnings on these amounts, must be credited to and
become part of the retirement fund.
Subd. 2. Restoration. Following a forfeiture under subdivision 1, if a surviving spouse or
other beneficiary of the deceased contacts the Teachers Retirement Association and, based on
documentation determined by the executive director to be valid and adequate, establishes a right
to a survivor annuity, death refund, or other benefit provided by this chapter, the account forfeited
under subdivision 1 must be fully or partially restored, as necessary.
History: 2007 c 134 art 2 s 39
Subdivision 1. Account termination. If an active or deferred member dies and there is no
surviving spouse or other beneficiaries, or the spouse or beneficiaries cannot be located within five
years of the date of death of the member, the accumulated employee and employer contributions
and any other payments made to the Teachers Retirement Association fund by the individual or on
behalf of the individual, and all investment earnings on these amounts, must be credited to and
become part of the retirement fund.
Subd. 2. Restoration. Following a forfeiture under subdivision 1, if a surviving spouse or
other beneficiary of the deceased contacts the Teachers Retirement Association and, based on
documentation determined by the executive director to be valid and adequate, establishes a right
to a survivor annuity, death refund, or other benefit provided by this chapter, the account forfeited
under subdivision 1 must be fully or partially restored, as necessary.
History: 2007 c 134 art 2 s 39
Official Publication of the State of Minnesota
Revisor of Statutes