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.
518.582 PROCEDURE FOR VALUING PENSION BENEFITS OR RIGHTS.
Subdivision 1. Appointment of actuary. Each court of this state that has jurisdiction to
decide marriage dissolution matters may appoint a qualified person experienced in the valuation
of pension benefits and rights to function as an expert witness in valuing pension benefits or rights.
Subd. 2. Standards. A court appointed actuary shall determine the present value of pension
benefits or rights that are marital property of the parties to the action based on the applicable
plan documents of the pension plan and the applicable actuarial assumptions specified for use
in calculating optional annuity forms by the pension plan or for funding the pension plan, if
reasonable, or as specified by the court. The court appointed actuary shall report to the court and
to the parties the present value of the pension benefits or rights that are marital property.
Subd. 3. Compensation. The court appointed actuary may be compensated at a rate
established by the court. The compensation of the court appointed actuary shall be allocated
between the parties as the court directs.
Subd. 4. Stipulation. In lieu of valuing pension benefits or rights through use of the court
appointed actuary, the parties may stipulate the present value of pension benefits or rights that
are marital property.
History: 1987 c 157 s 19; 1988 c 619 s 1
Subdivision 1. Appointment of actuary. Each court of this state that has jurisdiction to
decide marriage dissolution matters may appoint a qualified person experienced in the valuation
of pension benefits and rights to function as an expert witness in valuing pension benefits or rights.
Subd. 2. Standards. A court appointed actuary shall determine the present value of pension
benefits or rights that are marital property of the parties to the action based on the applicable
plan documents of the pension plan and the applicable actuarial assumptions specified for use
in calculating optional annuity forms by the pension plan or for funding the pension plan, if
reasonable, or as specified by the court. The court appointed actuary shall report to the court and
to the parties the present value of the pension benefits or rights that are marital property.
Subd. 3. Compensation. The court appointed actuary may be compensated at a rate
established by the court. The compensation of the court appointed actuary shall be allocated
between the parties as the court directs.
Subd. 4. Stipulation. In lieu of valuing pension benefits or rights through use of the court
appointed actuary, the parties may stipulate the present value of pension benefits or rights that
are marital property.
History: 1987 c 157 s 19; 1988 c 619 s 1
Official Publication of the State of Minnesota
Revisor of Statutes