Minnesota Legislature
Office of the Revisor of Statutes
2007 Minnesota Statutes
- Search Minnesota Statutes
- About Minnesota Statutes
- 2007 Statutes New, Amended or Repealed
- 2007 Table of Chapters
- 2007 Statutes Topics (Index)
Chapter 356A
Section 356A.13
Topics
- Bloomington firefighters relief association
- Duluth teachers retirement fund association (dtrfa)
- Elective state officers retirement plan
- Fairmont police relief association
- Higher education supplemental retirement plan
- Individual retirement account plan (irap)
- Judges retirement plan (ujrp)
- Legislators retirement plan
- Local government correctional service retirement plan
- Minneapolis employees retirement fund (merf)
- Minneapolis firefighters relief association
- Minneapolis police relief association
- Minnesota state retirement system (msrs)
- Msrs correctional employees retirement fund
- Public employees defined contribution plan
- Public employees police and fire fund
- Public employees retirement association (pera)
- Saint paul teachers retirement fund association (stptrfa)
- State patrol retirement fund
- Teachers retirement association (tra)
- Unclassified employees retirement plan
- University of minnesota faculty retirement plan
- Virginia firefighters relief association
This is an historical version of this statute chapter. Also view the most recent published version.
356A.13 CONTINUING FIDUCIARY EDUCATION.
Subdivision 1. Obligation of fiduciaries. A fiduciary of a covered pension plan shall make
reasonable effort to obtain knowledge and skills sufficient to enable the fiduciary to perform
fiduciary activities adequately. At a minimum, a fiduciary of a covered pension plan shall comply
with the program established in accordance with subdivision 2.
Subd. 2. Continuing fiduciary education program. The governing boards of covered
pension plans shall each develop and periodically revise a program for the continuing education of
any of their board members and any of their chief administrative officers who are not reasonably
considered to be experts with respect to their activities as fiduciaries. The program must be
designed to provide those persons with knowledge and skills sufficient to enable them to perform
their fiduciary activities adequately.
History: 1989 c 319 art 7 s 13
Subdivision 1. Obligation of fiduciaries. A fiduciary of a covered pension plan shall make
reasonable effort to obtain knowledge and skills sufficient to enable the fiduciary to perform
fiduciary activities adequately. At a minimum, a fiduciary of a covered pension plan shall comply
with the program established in accordance with subdivision 2.
Subd. 2. Continuing fiduciary education program. The governing boards of covered
pension plans shall each develop and periodically revise a program for the continuing education of
any of their board members and any of their chief administrative officers who are not reasonably
considered to be experts with respect to their activities as fiduciaries. The program must be
designed to provide those persons with knowledge and skills sufficient to enable them to perform
their fiduciary activities adequately.
History: 1989 c 319 art 7 s 13
Official Publication of the State of Minnesota
Revisor of Statutes