2005 Minnesota Statutes

     352C.09 Contributions. 

    Subdivision 1.    Amount.  Every constitutional officer 
 shall contribute nine percent of total salary by payroll 
 deduction to be paid into the state treasury and deposited in 
 the general fund.  In case of retirement any unpaid deductions 
 shall be deducted from any retirement allowance that becomes 
 payable.  All deductions and payments, if any, in lieu of 
 deductions are to be paid into the state treasury and deposited 
 in the general fund.  It shall be the duty of the director to 
 record the contributions of each constitutional officer and 
 credit such contribution to such officer's account. 

    Subd. 2.    Refund.  (1) Any person who has made 
 contributions pursuant to subdivision 1 who is no longer a 
 constitutional officer is entitled to receive upon application 
 to the director a refund of all contributions credited to the 
 individual's account with interest at the rate of six percent 
 per annum compounded annually.  

    (2) The refund of contributions as provided in clause (1) 
 above terminates all rights of a former constitutional officer 
 or commissioner or survivors thereof under the provisions of 
 this chapter.  Should the former constitutional officer or 
 commissioner again hold such office after having taken a refund 
 as provided above, the former officer or commissioner shall be 
 considered a new member and may reinstate the rights and credit 
 for service forfeited provided all refunds previously taken are 
 repaid with interest at an annual rate of 8.5 percent compounded 
 annually. 

    (3) No person shall be required to apply for or accept a 
 refund. 

    (4) The provisions of section 352.15 shall apply to the 
 elective state officers retirement plan, chapter 352C. 

    Subd. 3.    Death refund.  If a constitutional officer 
 who has not received other benefits under this chapter dies and 
 there are no survivor benefits payable under this chapter, a 
 refund plus interest as provided in subdivision 2, clause (1), 
 is payable to the last designated beneficiary named on a form 
 filed with the director before the death of the constitutional 
 officer, or if no designation is on file, the refund is payable 
 to the estate of the deceased constitutional officer. 

    HIST: 1967 c 700 s 9; 1969 c 399 s 1; 1974 c 445 s 15; 1976 c 
 329 s 9; 1978 c 796 s 20,21; 1980 c 614 s 140; 1983 c 286 s 5; 
 1984 c 564 s 20; 1986 c 444; 1990 c 570 art 12 s 17; 1992 c 598 
 art 1 s 9; 1993 c 307 art 1 s 33; 1996 c 438 art 1 s 3