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Minnesota Legislature

Office of the Revisor of Statutes

LEGISLATORS RETIREMENT PLAN

See also LEGISLATURE

Accounting and bookkeeping

Financial and actuarial reporting practices, Minn. Statutes 2005 16A.055, 2005 356.215

Member contributions, Minn. Statutes 2005 3A.03

Refund repayments, Minn. Statutes 2005 356.441

Accumulated contributions

Abandoned amounts, disposition, Minn. Statutes 2005 356.65

Actuarial valuations

Copies, Minn. Statutes 2005 356A.07

Costs, payment, Minn. Statutes 2005 356.214

Early retirement allowances, Minn. Statutes 2005 3A.02

Employee/employer contributions, changes in, Minn. Statutes 2005 353.27

Generally, Minn. Statutes 2005 356.214, 2005 356.215

Optional annuities, Minn. Statutes 2005 3A.02

Quadrennial projection valuations, Minn. Statutes 2005 16A.055, 2005 356.215

Reports about, Minn. Statutes 2005 356.215

Actuaries

Actuarial valuations, see same under this topic

Approved actuaries, Minn. Statutes 2005 356.214, 2005 356.215

Contracts, Minn. Statutes 2005 356.214

Duties, Minn. Statutes 2005 356.214

Administration

Expenses, Minn. Statutes 2005 356.215

Minnesota State Retirement System, duties, Minn. Statutes 2005 3A.011, 2005 352.03

Rulemaking, Minn. Statutes 2005 352.03

Age of retirement

Early retirement, Minn. Statutes 2005 3A.02

Normal retirement age, Minn. Statutes 2005 3A.01, 2005 353.01, 2005 354A.011, 2005 356.403

Retirement allowances, Minn. Statutes 2005 3A.02

Annuities

Abandoned amounts, disposition, Minn. Statutes 2005 356.65

Automatic deposit, Minn. Statutes 2005 356.401

Combined service annuities, Minn. Statutes 2005 356.30

Deferred annuities, Minn. Statutes 2005 3A.02, 2005 3A.04, 2005 356.30

Early retirement, see same under this topic

Exemption from process, Minn. Statutes 2005 356.401

Joint and survivor annuities, Minn. Statutes 2005 3A.02

Normal retirement annuities, see Retirement allowances under this topic

Optional annuities, Minn. Statutes 2005 3A.02

Payment, date, Minn. Statutes 2005 356.40

Payments generally, Minn. Statutes 2005 3A.13

Period certain and life thereafter, Minn. Statutes 2005 3A.02

Qualified annuities, using for refund repayments, Minn. Statutes 2005 356.441

Appropriations to, withholding

Investment reporting noncompliance, Minn. Statutes 2005 356.219

Assets

Definitions, Minn. Statutes 2005 356.215, 2005 356.219, 2005 356.63

Investment diversification, Minn. Statutes 2005 356A.06

Market valuation method, Minn. Statutes 2005 356.215

Title, holding, Minn. Statutes 2005 356A.06

Assignments, Minn. Statutes 2005 3A.13

Attachment, exemption, Minn. Statutes 2005 3A.13

Beneficiaries, payments to

Benefit distribution upon plan termination, Minn. Statutes 2005 356.001

Death refunds, Minn. Statutes 2005 3A.04

Benefits

Abandoned amounts, disposition, Minn. Statutes 2005 356.65

Automatic deposit, Minn. Statutes 2005 356.401

Benefit provisions summary, Minn. Statutes 2005 356A.07

Combined service benefits, Minn. Statutes 2005 356.303

Definitions, Minn. Statutes 2005 356A.01

Eligible rollover distributions, Minn. Statutes 2005 356.635

Exemption from process, Minn. Statutes 2005 356.401

Fiduciaries, duties, Minn. Statutes 2005 356A.02

Internal Revenue Code compliance, Minn. Statutes 2005 356.635

Maximum benefit limitations, Minn. Statutes 2005 356.611

Members' nonforfeitable interest, Minn. Statutes 2005 356.001

Payment, date, Minn. Statutes 2005 356.40

Payments generally, Minn. Statutes 2005 3A.13

Recipients, defined, Minn. Statutes 2005 356A.01

Survivor benefits, see same under this topic

Termination of plan or fund, procedures, Minn. Statutes 2005 356.001

Termination or denial, appeals, Minn. Statutes 2005 352.031

Breach of fiduciary duty

Cofiduciaries, liability, Minn. Statutes 2005 356A.10

Generally, Minn. Statutes 2005 356A.09

Indemnification, Minn. Statutes 2005 356A.11

Lawsuits, Minn. Statutes 2005 356A.12

Remedies, Minn. Statutes 2005 356A.09

Statutes of limitations, Minn. Statutes 2005 356A.12

Buybacks

Prior service credit, Minn. Statutes 2005 3A.02, 2005 356.30

Refund repayments, Minn. Statutes 2005 3A.03, 2005 3A.12

Service credit, wrongful discharges, Minn. Statutes 2005 356.50

Certificates and certification

Economic interest statements, list of filings, Minn. Statutes 2005 356A.06

Chief administrative officer, duties, see Executive director under MINNESOTA STATE RETIREMENT SYSTEM (MSRS)

Child support, income withholding, Minn. Statutes 2005 3A.13

Cofiduciaries

Duties, generally, Minn. Statutes 2005 356A.10

Liability, Minn. Statutes 2005 356A.10

Service of process on, Minn. Statutes 2005 356A.12

Combined service annuities, Minn. Statutes 2005 356.30

Combined service survivor benefits, Minn. Statutes 2005 356.303

Compensation and salaries

Definitions, Minn. Statutes 2005 3A.01, 2005 356.611

Fiduciaries, Minn. Statutes 2005 356A.06, 2005 356A.08

Contested cases

Adverse determination of eligibility, benefits, or other rights, Minn. Statutes 2005 356A.07

Continuing education, Minn. Statutes 2005 356A.13

Contributions to more than one public retirement plan

Restrictions, Minn. Statutes 2005 354.094

Retirement age, Minn. Statutes 2005 353.01

Coordinated program

Creation, Minn. Statutes 2005 3A.15

Members electing Social Security coverage, Minn. Statutes 2005 355.629

Copies, plan documents, summaries, and reports, Minn. Statutes 2005 356A.07

Coverage by more than one system, see Portability with other retirement plans under this topic

Covered governmental entity

Benefit provision summaries, duties, Minn. Statutes 2005 356A.07

Creditors remedies, Minn. Statutes 2005 3A.13

Custodian bank accounts, establishment, Minn. Statutes 2005 356.001

Data, access, marriage dissolution actions, Minn. Statutes 2005 356.49

Decedents estates, payments to, death refunds, Minn. Statutes 2005 3A.04

Dedicated fund

Assets defined as, Minn. Statutes 2005 356.63

Credits to, abandoned contributions, annuities, or benefits, Minn. Statutes 2005 356.65

Uses, Minn. Statutes 2005 356.63

Deferred annuities

Augmentation, Minn. Statutes 2005 3A.02, 2005 3A.04, 2005 356.215, 2005 356.30

Interest, Minn. Statutes 2005 3A.02

Reserves, Minn. Statutes 2005 3A.02

Definitions

Actuarial valuations, Minn. Statutes 2005 356.215

Age of retirement, Minn. Statutes 2005 3A.01, 2005 353.01, 2005 354A.011

Assets, Minn. Statutes 2005 356.215, 2005 356.63

Employee contribution pick up, Minn. Statutes 2005 356.62

Generally, Minn. Statutes 2005 3A.01

Loss of survivor benefits, Minn. Statutes 2005 356.406

Public pension fiduciary responsibility, Minn. Statutes 2005 356A.01, 2005 356A.06

Retirement allowance application procedure, Minn. Statutes 2005 356.46

Dependent children, Minn. Statutes 2005 3A.01, 2005 3A.04

Depositories, designation, Minn. Statutes 2005 356A.06

Disability benefits, supplemental needs trusts, Minn. Statutes 2005 356.465

Disclosure

Actuarial valuations, Minn. Statutes 2005 356.215

Fiduciaries, Minn. Statutes 2005 356A.03, 2005 356A.06

Dissolution of marriage

Division of property, Minn. Statutes 2005 3A.13

Retirement benefits or rights, information regarding, Minn. Statutes 2005 356.49

Division of plan, based on election or nonelection of Social Security coverage, Minn. Statutes 2005 355.091, 2005 355.629

Early retirement

Actuarial reduction, Minn. Statutes 2005 352.116

Actuarial valuations, Minn. Statutes 2005 353.30

Combined service, Minn. Statutes 2005 353.71

Coordinated benefits, Minn. Statutes 2005 354A.31

Eligibility, Minn. Statutes 2005 353.30

Generally, Minn. Statutes 2005 3A.02

Economic interest statements, fiduciaries, Minn. Statutes 2005 356A.06

Employee contributions, see Member contributions under this topic

Employees of the retirement plan

Indemnification, breach of fiduciary duty, Minn. Statutes 2005 356A.11

Employer contributions

Changes in, Minn. Statutes 2005 353.27

Wrongful discharges, service credit, Minn. Statutes 2005 356.50

Employers

Payments by, prior service credit purchases, Minn. Statutes 2005 356.551

Reports given, employee contribution pick ups, Minn. Statutes 2005 356.62

Estate taxes, exemption, Minn. Statutes 2005 3A.13

Execution (creditors remedies)

Exemption, Minn. Statutes 2005 3A.13

Experience studies, Minn. Statutes 2005 356.214, 2005 356.215

Fiduciaries

Activities, generally, Minn. Statutes 2005 356A.02

Assets, title, Minn. Statutes 2005 356A.06

Breach of conduct or duties, Minn. Statutes 2005 356A.09 to 2005 356A.12

Compensation and salaries, Minn. Statutes 2005 356A.06, 2005 356A.08

Continuing education, Minn. Statutes 2005 356A.13

Definitions, Minn. Statutes 2005 356A.01

Direct or indirect profits, Minn. Statutes 2005 356A.06

Disclosure, Minn. Statutes 2005 356A.03, 2005 356A.06

Duties, purpose, Minn. Statutes 2005 356A.04, 2005 356A.05

Economic interest statements, Minn. Statutes 2005 356A.06

Felony violations, documentation, service prohibition, Minn. Statutes 2005 356A.03

Generally, Minn. Statutes 2005 356A.01 to 2005 356A.13

Investment of funds, see same under this topic

Prohibited transactions, Minn. Statutes 2005 356A.06

Service of process on, Minn. Statutes 2005 356A.12

Standard of conduct, Minn. Statutes 2005 356A.04

Financial reports, copies to members, Minn. Statutes 2005 356A.07

Former legislators, defined, Minn. Statutes 2005 3A.01

Former members, marriage dissolution actions, Minn. Statutes 2005 356.49

Funding, fiduciaries, duties, Minn. Statutes 2005 356A.02

Funds and accounts

Custodian bank accounts, Minn. Statutes 2005 356.001

Dedicated fund, Minn. Statutes 2005 356.63

Garnishment, exemption, Minn. Statutes 2005 3A.13

Governing board of a pension plan, see Board of directors under MINNESOTA STATE RETIREMENT SYSTEM (MSRS)

Governing body rules and policies

Defined as plan documents, Minn. Statutes 2005 356A.01

Guardians of minors, survivor benefits, Minn. Statutes 2005 3A.04, 2005 3A.05

Insurance or insurance companies law

Exclusion, Minn. Statutes 2005 352.16

Interest rates

Actuarial valuations, Minn. Statutes 2005 356.215

Deferred annuities augmentation, Minn. Statutes 2005 3A.02

Forfeited service, refund repayments, Minn. Statutes 2005 356.44

Postretirement adjustments, Minn. Statutes 2005 3A.02, 2005 356.215

Refund repayments, Minn. Statutes 2005 3A.03

Refunds, Minn. Statutes 2005 3A.03

Investment of funds

Fiduciaries, duties, Minn. Statutes 2005 356A.02, 2005 356A.06

Investment expenses, defined, Minn. Statutes 2005 356.215

Policy statement, Minn. Statutes 2005 356.219

Reports about, Minn. Statutes 2005 356.219

Requirements, generally, Minn. Statutes 2005 356A.06

Joint and survivor annuities, Minn. Statutes 2005 3A.02

Lawsuits, breach of fiduciary duty, Minn. Statutes 2005 356A.12

Leaves of absence, service credit, Minn. Statutes 2005 3.088

Liability

Cofiduciaries, Minn. Statutes 2005 356A.10

Defined, Minn. Statutes 2005 356A.01

Mail and mailing

Benefit distribution notice, Minn. Statutes 2005 356.001

Retirement annuities, information, applications, Minn. Statutes 2005 356.46

Medicare, optional coverage, see under SOCIAL SECURITY

Meetings, see OPEN MEETING LAW

Member contributions

Amount, Minn. Statutes 2005 3A.03

Changes in, Minn. Statutes 2005 353.27

Definitions, Minn. Statutes 2005 356.62

Depositing, Minn. Statutes 2005 3A.03

Employers, pick up after 1982, Minn. Statutes 2005 356.62

Federal compensation limits, Minn. Statutes 2005 356.611

Minnesota State Retirement System, duties, Minn. Statutes 2005 3A.03

Reports about, Minn. Statutes 2005 356.62

Wrongful discharges, service credit, Minn. Statutes 2005 356.50

Members of the legislature

Actuarial valuations, Minn. Statutes 2005 356.215

Death caused by surviving beneficiary, loss of survivor benefits, Minn. Statutes 2005 356.406

Definitions

Legislators' retirement, Minn. Statutes 2005 3A.01

Loss of survivor benefits, Minn. Statutes 2005 356.406

Public pension fiduciary responsibility, Minn. Statutes 2005 356A.01

Retirement systems, generally, Minn. Statutes 2005 356.62

Social Security coverage, Minn. Statutes 2005 355.01

Election of coverage under unclassified employees retirement plan, Minn. Statutes 2005 3A.07

Marriage dissolution actions, information requirements, Minn. Statutes 2005 356.49

Payments by, prior service credit purchases, Minn. Statutes 2005 356.551

Payments to, benefit distribution upon plan termination, Minn. Statutes 2005 356.001

Proof of death, notice, Minn. Statutes 2005 356.001

Public Employees Retirement Association, dual membership, Minn. Statutes 2005 3A.09

Remarriage, effect on survivor benefits, Minn. Statutes 2005 356.407

Reports received, Minn. Statutes 2005 356.62, 2005 356A.07

Retirement plan alternatives, Minn. Statutes 2005 3A.09

Normal retirement annuities, see Retirement allowances under this topic

Notice given

Benefit distribution, Minn. Statutes 2005 356.001

Investment restrictions, Minn. Statutes 2005 356A.06

Optional annuities

Generally, Minn. Statutes 2005 3A.02

Supplemental needs trusts, Minn. Statutes 2005 356.465

Payments by

Actuarial costs, Minn. Statutes 2005 356.214

Allowable expenses, Minn. Statutes 2005 356.001

Benefit distribution upon plan termination, Minn. Statutes 2005 356.001

Fiduciaries, duties, Minn. Statutes 2005 356A.02

Payroll deductions, Minn. Statutes 2005 3A.03, 2005 3A.09

Period certain and life thereafter annuities, Minn. Statutes 2005 3A.02

Plan documents, copies to members, Minn. Statutes 2005 356A.07

Policy of state, actuarial valuations, Minn. Statutes 2005 356.215

Portability with other retirement plans

Elective state officers retirement plan, Minn. Statutes 2005 352C.051

Generally, Minn. Statutes 2005 3A.12

Minneapolis employees retirement fund, Minn. Statutes 2005 422A.16

Minnesota State Retirement System, Minn. Statutes 2005 352.72

Public Employees Retirement Association, Minn. Statutes 2005 353.71

Teachers retirement, Minneapolis, Saint Paul, and Duluth, Minn. Statutes 2005 354A.39

Teachers Retirement Association, Minn. Statutes 2005 354.60

Unclassified employees retirement plan, Minn. Statutes 2005 352D.12

Postretirement adjustments

Generally, Minn. Statutes 2005 3A.115

Interest rates, Minn. Statutes 2005 3A.02, 2005 356.215

Prior service credit, purchases, Minn. Statutes 2005 3A.02, 2005 356.30, 2005 356.551

Purpose, Minn. Statutes 2005 356.001

Records and record keeping

Fiduciaries, duties, Minn. Statutes 2005 356A.02

Investments, liquidity documentation, Minn. Statutes 2005 356A.06

Refunds

Application for, Minn. Statutes 2005 3A.03, 2005 3A.04

Applying for or accepting not required, Minn. Statutes 2005 3A.03

Automatic deposit, Minn. Statutes 2005 356.401

Death refunds, Minn. Statutes 2005 3A.04

Eligible individuals, Minn. Statutes 2005 3A.03

Interest, Minn. Statutes 2005 3A.03

Repayment to

Amounts greater than 2,000 dollars, installment payments, Minn. Statutes 2005 3A.12

Combined service annuities, Minn. Statutes 2005 356.30

Elective state officers retirement plan, Minn. Statutes 2005 352C.051

Forfeited service credit, Minn. Statutes 2005 356.44

Generally, Minn. Statutes 2005 3A.03, 2005 3A.12

Individual retirement accounts, using, Minn. Statutes 2005 356.441

Minneapolis employees retirement fund, Minn. Statutes 2005 422A.22

Minnesota State Retirement System, Minn. Statutes 2005 352.72

Public Employees Retirement Association, Minn. Statutes 2005 353.71

Qualified annuities, using, Minn. Statutes 2005 356.441

Requirements, Minn. Statutes 2005 356.441

Teachers Retirement Association, Minn. Statutes 2005 354.50

Unclassified employees retirement plan, Minn. Statutes 2005 352D.12

Termination of rights, Minn. Statutes 2005 3A.03

Reports given

Actuarial valuations, Minn. Statutes 2005 356.215

Experience studies, Minn. Statutes 2005 356.215

Investment of funds, Minn. Statutes 2005 356.219

Marriage dissolution actions, pension benefits or rights, Minn. Statutes 2005 356.49

State auditor, duties, Minn. Statutes 2005 356.219

Reserves

Deferred annuities augmentation, Minn. Statutes 2005 3A.02

Prior service credit purchases, Minn. Statutes 2005 356.30

Retirement allowances

Amount, formula, Minn. Statutes 2005 352.115

Appropriations for, Minn. Statutes 2005 3A.02, 2005 3A.115

Benefits, Minn. Statutes 2005 354.44

Completed applications, copies to spouses, Minn. Statutes 2005 356.46

Coordinated benefits, Minn. Statutes 2005 354A.31

Definitions, Minn. Statutes 2005 356.46

Exemption from process, Minn. Statutes 2005 356.401

Generally, Minn. Statutes 2005 3A.02

Payment to survivors, Minn. Statutes 2005 3A.02, 2005 3A.04

PERA, termination of membership, Minn. Statutes 2005 353.29

Postretirement adjustments, Minn. Statutes 2005 3A.115

Postretirement interest rate adjustments, Minn. Statutes 2005 3A.02, 2005 356.215

Simultaneous payment of survivor benefits, Minn. Statutes 2005 356.40

Retirement plan alternatives, Minn. Statutes 2005 3A.07

Retirement, defined, Minn. Statutes 2005 3A.01

Rule of 90, eligibility, Minn. Statutes 2005 353.30

Service credit

Combined service annuities, Minn. Statutes 2005 356.30

Combined service survivor benefits, Minn. Statutes 2005 356.303

Forfeited service, refund repayments, Minn. Statutes 2005 356.44

Leaves of absence, Minn. Statutes 2005 3.088

Legislative term, dates, Minn. Statutes 2005 3A.10

Restored service credit, Minn. Statutes 2005 356.44

Retirement allowances, Minn. Statutes 2005 3A.02

State representatives, one full term of office, Minn. Statutes 2005 3A.10

State senators, one full term of office, Minn. Statutes 2005 3A.10

Survivor benefits, Minn. Statutes 2005 3A.04

Wrongful discharges, Minn. Statutes 2005 356.50

Social Security benefits, Minn. Statutes 2005 355.01, 2005 355.02, 2005 355.629

Spousal maintenance, income withholding, Minn. Statutes 2005 3A.13

Spouses

Retirement annuities, Minn. Statutes 2005 356.46

Surviving spouses, Minn. Statutes 2005 3A.02, 2005 3A.04, 2005 356.303

State aid, Withholding, investment reporting noncompliance, Minn. Statutes 2005 356.219

Statutes of limitations, breach of fiduciary duty, Minn. Statutes 2005 356A.12

Successor organizations, Minn. Statutes 2005 356.215

Supplemental needs trusts, optional annuity, Minn. Statutes 2005 356.465

Surviving children, see Survivor benefits under this topic

Surviving spouses, benefits, Minn. Statutes 2005 3A.13

Surviving spouses

Payments to, retirement allowances, Minn. Statutes 2005 3A.02, 2005 3A.04

Survivor benefits, see same under this topic

Survivor benefits

Accrual, Minn. Statutes 2005 3A.05

Adjustments, certain recipients, Minn. Statutes 2005 356.41

Amount, formula, Minn. Statutes 2005 3A.04

Application for, Minn. Statutes 2005 3A.05

Beneficiaries charged or convicted of causing member's death, Minn. Statutes 2005 356.406

Combined service survivor benefits, Minn. Statutes 2005 356.303

Definitions, Minn. Statutes 2005 356.406

Exemption/exceptions, Minn. Statutes 2005 356.401

Increases, Minn. Statutes 2005 3A.04

Maximum monthly amount, Minn. Statutes 2005 3A.04

Minnesota State Retirement System, duties, Minn. Statutes 2005 3A.04

Payment, retroactive provision, Minn. Statutes 2005 3A.05

Postretirement adjustments, Minn. Statutes 2005 3A.115

Postretirement interest rate adjustments, Minn. Statutes 2005 3A.02, 2005 356.215

Qualifications, Minn. Statutes 2005 3A.04

Remarriage, effect, Minn. Statutes 2005 356.407

Simultaneous payment of retirement allowances, Minn. Statutes 2005 356.40

Waived in lieu of optional annuities, Minn. Statutes 2005 3A.02

Termination of plan or fund, Minn. Statutes 2005 356.001

Termination of rights, Minn. Statutes 2005 3A.03

Unfunded actuarial accrued liability, Minn. Statutes 2005 356.215

Vesting requirements

Portability with other retirement plans, Minn. Statutes 2005 3A.12

Service credit, see same under this topic

Violations and penalties

Fiduciaries, felony violations, service prohibition, Minn. Statutes 2005 356A.03

Surviving beneficiaries, charge or conviction of causing member's death, loss of survivor benefits, Minn. Statutes 2005 356.406

Waivers, state aid or appropriations, withholding for investment reporting noncompliance, Minn. Statutes 2005 356.219

Wrongful discharges, Minn. Statutes 2005 356.50