2006 Minnesota Statutes

354D.07 TRANSFER OF CERTAIN MSRS MEMBER CONTRIBUTION REFUND
AMOUNTS TO PLAN.
(a) Notwithstanding any provision of law to the contrary, a former member of the general
state employees retirement plan of the Minnesota State Retirement System who is a member of
the individual retirement account plan under this chapter may elect to transfer to the individual
retirement account plan an amount equal to the refund under section 352.22, subdivision 2,
that the member could otherwise receive. The transfer must be made from the general state
employees retirement fund directly to the individual retirement account plan and credited by the
plan appropriately. No amount under this section is payable directly to any individual.
(b) The election must be made on a form prescribed by the executive director of the
Minnesota State Retirement System, after consultation with the administrators of the plan.
History: 1994 c 508 art 2 s 7; 1995 c 141 art 4 s 30