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2007 Minnesota Statutes

This is a historical version of this statute section. Also view the most recent published version.

356.98 ALLOCATION OF RECEIVABLES.
    If an employing unit is dissolved or closed and amounts are owed to more than one
Minnesota public pension plan, any amounts available to cover payments to the plans must be
applied first to the employee contributions owed to the applicable plans, and next to the unpaid
employer contributions, including any applicable employer additional contributions, and finally
to the interest due on the employee and employer amounts. If, at any stage in this allocation
process, the available amount is insufficient to fully cover the amount required, the remaining
available payment amount must be prorated among the applicable plans based on each plan's
share of combined covered payroll.
History: 2007 c 134 art 2 s 46

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