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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 2019 16A.055, 2019 356.215

Member contributions, Minn. Statutes 2019 3A.03

Refund repayments, Minn. Statutes 2019 356.441

Accumulated contributions, abandoned amounts, disposition, Minn. Statutes 2019 356.65

Actuarial valuations

Copies, Minn. Statutes 2019 356A.07

Early retirement allowances, Minn. Statutes 2019 3A.02

Generally, Minn. Statutes 2019 356.214, 2019 356.215

Optional annuities, Minn. Statutes 2019 3A.02

Present value, single life annuity, rate conversion to, Minn. Statutes 2019 356.635

Actuaries

Actuarial valuations, see same under this topic

Approved actuaries, Minn. Statutes 2019 356.214, 2019 356.215

Contracts, Minn. Statutes 2019 356.214

Duties, Minn. Statutes 2019 356.214

Administration

Expenses, Minn. Statutes 2019 356.215

Minnesota State Retirement System, duties, Minn. Statutes 2019 3A.011, 2019 352.03

Rulemaking, Minn. Statutes 2019 352.03

Age of retirement

Early retirement, Minn. Statutes 2019 3A.02

Normal retirement age, Minn. Statutes 2019 3A.01, 2019 353.01, 2019 356.403

Retirement allowances, Minn. Statutes 2019 3A.02

Annuities

Abandoned amounts, disposition, Minn. Statutes 2019 356.65

Automatic deposit, Minn. Statutes 2019 356.401

Combined service annuities, Minn. Statutes 2019 356.30

Deferred annuities, Minn. Statutes 2019 3A.02, 2019 3A.04, 2019 356.30

Early retirement, see same under this topic

Exemption from process, Minn. Statutes 2019 356.401

Joint and survivor annuities, Minn. Statutes 2019 3A.02, 2019 356.46

Normal retirement annuities, see Retirement allowances under this topic

Optional annuities, Minn. Statutes 2019 3A.02

Payments, generally, Minn. Statutes 2019 3A.13, 2019 356.40

Qualified annuities, using for refund repayments, Minn. Statutes 2019 356.441

Repayment, wrongful discharges, Minn. Statutes 2019 356.50

Appropriations to

Survivor benefits, Minn. Statutes 2019 3A.04

Withholding, investment reporting noncompliance, Minn. Statutes 2019 356.219

Assets

Definitions, Minn. Statutes 2019 356.215

Investment diversification, Minn. Statutes 2019 356A.06

Limitations on use, Minn. Statutes 2019 356.63

Market valuation method, Minn. Statutes 2019 356.215

Title, holding, Minn. Statutes 2019 356A.06

Assignments, Minn. Statutes 2019 3A.13

Attachment, exemption, Minn. Statutes 2019 3A.13

Beneficiaries, payments to

Benefit distribution upon plan termination, Minn. Statutes 2019 356.001

Death refunds, Minn. Statutes 2019 3A.04

Benefits

Abandoned amounts, disposition, Minn. Statutes 2019 356.65

Automatic deposit, Minn. Statutes 2019 356.401

Benefit provisions summary, Minn. Statutes 2019 356A.07

Combined service benefits, Minn. Statutes 2019 356.303

Definitions, Minn. Statutes 2019 356.635, 2019 356A.01

Distribution, notice, Minn. Statutes 2019 356.001

Eligible rollover distributions, Minn. Statutes 2019 356.635

Exemption from process, Minn. Statutes 2019 356.401

Fiduciaries, duties, Minn. Statutes 2019 356A.02

Internal Revenue Code compliance, Minn. Statutes 2019 356.635

Maximum benefit limitations, Minn. Statutes 2019 356.611

Members' nonforfeitable interest, Minn. Statutes 2019 356.001

Payment, date, Minn. Statutes 2019 356.40

Payments generally, Minn. Statutes 2019 3A.13

Present value, single life annuity, rate conversion to, Minn. Statutes 2019 356.635

Recipients, defined, Minn. Statutes 2019 356A.01

Subpoena authority, Minn. Statutes 2019 356.401

Survivor benefits, see same under this topic

Termination of plan or fund, procedures, Minn. Statutes 2019 356.001

Breach of fiduciary duty

Cofiduciaries, liability, Minn. Statutes 2019 356A.10

Generally, Minn. Statutes 2019 356A.09

Indemnification, Minn. Statutes 2019 356A.11

Lawsuits, Minn. Statutes 2019 356A.12

Statutes of limitations, Minn. Statutes 2019 356A.12

Buybacks

Prior service credit, Minn. Statutes 2019 3A.02, 2019 356.30

Refund repayments, Minn. Statutes 2019 3A.03

Service credit, wrongful discharges, Minn. Statutes 2019 356.50

Certificates and certification, economic interest statements, list of filings, Minn. Statutes 2019 356A.06

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

Child support, income withholding, Minn. Statutes 2019 3A.13

Cofiduciaries

Generally, Minn. Statutes 2019 356A.10

Service of process on, Minn. Statutes 2019 356A.12

Combined service annuities, Minn. Statutes 2019 356.30

Combined service survivor benefits, Minn. Statutes 2019 356.303

Compensation and salaries, fiduciaries, Minn. Statutes 2019 356A.06, 2019 356A.08

Contested cases, adverse determination of eligibility, benefits, or other rights, Minn. Statutes 2019 356A.07

Continuing education, Minn. Statutes 2019 356A.13

Contributions to more than one public retirement plan

Restrictions, Minn. Statutes 2019 354.094

Retirement age, Minn. Statutes 2019 353.01

Coordinated and basic programs, creation, Minn. Statutes 2019 3A.15

Copies, plan documents, summaries, and reports, Minn. Statutes 2019 356A.07

Coverage by more than one system

Generally, Minn. Statutes 2019 356.311

Unclassified employees retirement plan, Minn. Statutes 2019 352D.12

Covered employees, referendum, Medicare coverage, Minn. Statutes 2019 355.095

Covered governmental entity, benefit provision summaries, duties, Minn. Statutes 2019 356A.07

Creditors remedies, Minn. Statutes 2019 3A.13

Custodian bank accounts, establishment, Minn. Statutes 2019 356.001

Data, access, marriage dissolution actions, Minn. Statutes 2019 356.49

Decedents estates, payments to, death refunds, Minn. Statutes 2019 3A.04

Dedicated fund

Credits to, abandoned contributions, annuities, or benefits, Minn. Statutes 2019 356.65

Uses, Minn. Statutes 2019 356.63

Deferred annuities

Augmentation, Minn. Statutes 2019 3A.02, 2019 3A.04, 2019 356.30

Interest, Minn. Statutes 2019 3A.02

Reserves, Minn. Statutes 2019 3A.02

Definitions

Actuarial valuations, Minn. Statutes 2019 356.215

Age of retirement, Minn. Statutes 2019 3A.01, 2019 353.01

Assets, Minn. Statutes 2019 356.215

Generally, Minn. Statutes 2019 3A.01

Internal Revenue Code compliance, Minn. Statutes 2019 356.635

Loss of survivor benefits, Minn. Statutes 2019 356.406

Public pension fiduciary responsibility, Minn. Statutes 2019 356A.01, 2019 356A.06

Dependent children, Minn. Statutes 2019 3A.01, 2019 3A.04

Depositories, designation, Minn. Statutes 2019 356A.06

Disability benefits

Supplemental needs trusts, Minn. Statutes 2019 356.465

Wrongful discharges, effect on, Minn. Statutes 2019 356.50

Disclosure

Actuarial valuations, Minn. Statutes 2019 356.215

Fiduciaries, Minn. Statutes 2019 356A.03, 2019 356A.06

Dissolution of marriage

Division of property, Minn. Statutes 2019 3A.13

Retirement benefits or rights, information regarding, Minn. Statutes 2019 356.49

Division of plan, based on election or nonelection of Social Security coverage, Minn. Statutes 2019 355.091

Donations, authority to accept, Minn. Statutes 2019 356.631

Early retirement

Actuarial reduction, Minn. Statutes 2019 352.116

Generally, Minn. Statutes 2019 3A.02

Economic interest statements, fiduciaries, Minn. Statutes 2019 356A.06

Employee contributions, see Member contributions under this topic

Employees of the retirement plan, indemnification, breach of fiduciary duty, Minn. Statutes 2019 356A.11

Employer contributions

Medicare coverage, Minn. Statutes 2019 355.095

Wrongful discharges, service credit, Minn. Statutes 2019 356.50

Employers

Payments by, prior service credit purchases, Minn. Statutes 2019 356.551

Reports given, Minn. Statutes 2019 356.50, 2019 356.62

Estate taxes, exemption, Minn. Statutes 2019 3A.13

Execution (creditors remedies), exemption, Minn. Statutes 2019 3A.13

Experience studies, Minn. Statutes 2019 356.214, 2019 356.215

Fiduciaries

Activities, generally, Minn. Statutes 2019 356A.02

Assets, title, Minn. Statutes 2019 356A.06

Breach of conduct or duties, Minn. Statutes 2019 356A.09 to 2019 356A.12

Compensation and salaries, Minn. Statutes 2019 356A.06, 2019 356A.08

Continuing education, Minn. Statutes 2019 356A.13

Definitions, Minn. Statutes 2019 356A.01

Direct or indirect profits, Minn. Statutes 2019 356A.06

Disclosure, Minn. Statutes 2019 356A.03, 2019 356A.06

Duties, purpose, Minn. Statutes 2019 356A.04, 2019 356A.05

Economic interest statements, Minn. Statutes 2019 356A.06

Felony violations, documentation, service prohibition, Minn. Statutes 2019 356A.03, 2019 609B.177

Generally, Minn. Statutes 2019 356A.01 to 2019 356A.13

Investment of funds, see same under this topic

Prohibited transactions, Minn. Statutes 2019 356A.06

Service of process on, Minn. Statutes 2019 356A.12

Standard of conduct, Minn. Statutes 2019 356A.04

Financial reports, copies to members, Minn. Statutes 2019 356A.07

Former constitutional officers, application of law, Minn. Statutes 2019 3A.17

Former members, marriage dissolution actions, Minn. Statutes 2019 356.49

Full funding, established dates for, Minn. Statutes 2019 356.215

Funding, fiduciaries, duties, Minn. Statutes 2019 356A.02

Funds and accounts

Custodian bank accounts, Minn. Statutes 2019 356.001

Dedicated fund, Minn. Statutes 2019 356.63

Garnishment, exemption, Minn. Statutes 2019 3A.13

Gifts and bequests, authority to accept, Minn. Statutes 2019 356.631

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 2019 356A.01

Guardians of minors, survivor benefits, Minn. Statutes 2019 3A.04, 2019 3A.05

Information services, Minn. Statutes 2019 356.97

Insurance or insurance companies law, exclusion, Minn. Statutes 2019 352.16

Interest rates

Actuarial valuations, Minn. Statutes 2019 356.215

Deferred annuities augmentation, Minn. Statutes 2019 3A.02

Generally, Minn. Statutes 2019 356.59

Postretirement adjustments, Minn. Statutes 2019 3A.02

Refunds, Minn. Statutes 2019 3A.03, 2019 356.59

Investment of funds

Fiduciaries, duties, Minn. Statutes 2019 356A.02, 2019 356A.06

Investment expenses, defined, Minn. Statutes 2019 356.215

Policy statement, Minn. Statutes 2019 356.219

Reports about, Minn. Statutes 2019 356.219

Requirements, generally, Minn. Statutes 2019 356A.06

Restrictions, notice, Minn. Statutes 2019 356A.06

Joint and survivor annuities, Minn. Statutes 2019 3A.02, 2019 356.46, 2019 356.461

Lawsuits, breach of fiduciary duty, Minn. Statutes 2019 356A.12

Leaves of absence, service credit, Minn. Statutes 2019 3.088

Legislators retirement fund, Minn. Statutes 2019 3A.03

Liability

Cofiduciaries, Minn. Statutes 2019 356A.10

Defined, Minn. Statutes 2019 356A.01

Life insurance death benefits, authority to accept, Minn. Statutes 2019 356.631

Limitation year, Minn. Statutes 2019 356.611

Mail and mailing

Benefit distribution notice, Minn. Statutes 2019 356.001

Retirement annuities, information, applications, Minn. Statutes 2019 356.46

Meetings, see OPEN MEETING LAW

Member contributions

Employers, pick up after 1982, Minn. Statutes 2019 356.62

Federal compensation limits, Minn. Statutes 2019 356.611

Generally, Minn. Statutes 2019 3A.03

Reports about, Minn. Statutes 2019 356.62

Wrongful discharges, service credit, Minn. Statutes 2019 356.50

Members of the legislature

Actuarial valuations, Minn. Statutes 2019 356.215

Death caused by surviving beneficiary, loss of survivor benefits, Minn. Statutes 2019 356.406

Definitions

Loss of survivor benefits, Minn. Statutes 2019 356.406

Public pension fiduciary responsibility, Minn. Statutes 2019 356A.01

Social Security coverage, Minn. Statutes 2019 355.01

Election of coverage under unclassified employees retirement plan, Minn. Statutes 2019 3A.07

Marriage dissolution actions, information requirements, Minn. Statutes 2019 356.49

Payments by, prior service credit purchases, Minn. Statutes 2019 356.551

Payments to, benefit distribution upon plan termination, Minn. Statutes 2019 356.001

Proof of death, notice, Minn. Statutes 2019 356.001

Remarriage, effect on survivor benefits, Minn. Statutes 2019 356.407

Reports received, Minn. Statutes 2019 356.62, 2019 356A.07

Normal retirement annuities, see Retirement allowances under this topic

Optional annuities

Generally, Minn. Statutes 2019 3A.02

Supplemental needs trusts, Minn. Statutes 2019 356.465

Payments by

Allowable expenses, Minn. Statutes 2019 356.001

Benefit distribution upon plan termination, Minn. Statutes 2019 356.001

Fiduciaries, duties, Minn. Statutes 2019 356A.02

Payroll deductions, Minn. Statutes 2019 3A.03

Period certain and life thereafter annuities, Minn. Statutes 2019 3A.02

Plan documents, copies to members, Minn. Statutes 2019 356A.07

Policy of state, actuarial valuations, Minn. Statutes 2019 356.215

Portability with other retirement plans, unclassified employees retirement plan, Minn. Statutes 2019 352D.12

Postretirement adjustments

Eligibility for, Minn. Statutes 2019 3A.02

Generally, Minn. Statutes 2019 3A.115, 2019 356.415

Interest rates, Minn. Statutes 2019 3A.02

Survivor benefits, Minn. Statutes 2019 3A.04

Prior service credit, purchases, Minn. Statutes 2019 3A.02, 2019 356.30, 2019 356.551

Purpose, Minn. Statutes 2019 356.001

Records and record keeping

Fiduciaries, duties, Minn. Statutes 2019 356A.02

Investments, liquidity documentation, Minn. Statutes 2019 356A.06

Refunds

Application for, Minn. Statutes 2019 3A.03, 2019 3A.04

Automatic deposit, Minn. Statutes 2019 356.401

Death refunds, Minn. Statutes 2019 3A.04

Generally, Minn. Statutes 2019 3A.03

Interest rates, Minn. Statutes 2019 356.59

Repayment to

Combined service annuities, Minn. Statutes 2019 356.30

Forfeited service credit, Minn. Statutes 2019 356.44

Generally, Minn. Statutes 2019 3A.03

Individual retirement accounts, using, Minn. Statutes 2019 356.441

Interest rates, Minn. Statutes 2019 356.59

Qualified annuities, using, Minn. Statutes 2019 356.441

Requirements, Minn. Statutes 2019 356.441

Unclassified employees retirement plan, Minn. Statutes 2019 352D.12

Reports given

Actuarial valuations, Minn. Statutes 2019 356.215

Experience studies, Minn. Statutes 2019 356.215

Investment of funds, Minn. Statutes 2019 356.219

Marriage dissolution actions, pension benefits or rights, Minn. Statutes 2019 356.49

State auditor, duties, Minn. Statutes 2019 356.219

Reserves, prior service credit purchases, Minn. Statutes 2019 356.30

Retirement allowances

Amount, formula, Minn. Statutes 2019 352.115

Appropriations for, Minn. Statutes 2019 3A.115

Completed applications, copies to spouses, Minn. Statutes 2019 356.46

Exemption from process, Minn. Statutes 2019 356.401

Generally, Minn. Statutes 2019 3A.02

Optional division of, Minn. Statutes 2019 3A.021

Payment to survivors, Minn. Statutes 2019 3A.02, 2019 3A.04

Postretirement adjustments, Minn. Statutes 2019 3A.115, 2019 3A.17

Postretirement interest rate adjustments, Minn. Statutes 2019 3A.02

Simultaneous payment of survivor benefits, Minn. Statutes 2019 356.40

Retirement plan alternatives, Minn. Statutes 2019 3A.07

Service credit

Combined service annuities, Minn. Statutes 2019 356.30

Combined service survivor benefits, Minn. Statutes 2019 356.303

Forfeited service, refund repayments, Minn. Statutes 2019 356.44

Generally, Minn. Statutes 2019 3A.10

Leaves of absence, Minn. Statutes 2019 3.088

Restored service credit, Minn. Statutes 2019 356.44

Retirement allowances, Minn. Statutes 2019 3A.02

Survivor benefits, Minn. Statutes 2019 3A.04

Wrongful discharges, Minn. Statutes 2019 356.50

Social Security benefits, Minn. Statutes 2019 355.01, 2019 355.02

Spousal maintenance, income withholding, Minn. Statutes 2019 3A.13

Spouses

Retirement annuities, Minn. Statutes 2019 356.46

Surviving spouses, Minn. Statutes 2019 3A.02, 2019 3A.04, 2019 356.303

State aid, withholding, investment reporting noncompliance, Minn. Statutes 2019 356.219

Statutes of limitations, breach of fiduciary duty, Minn. Statutes 2019 356A.12

Subpoenas, overpayment of benefits, Minn. Statutes 2019 356.401

Successor organizations, Minn. Statutes 2019 356.215

Supplemental needs trusts, optional annuity, Minn. Statutes 2019 356.465

Surviving children, see Survivor benefits under this topic

Surviving spouses

Benefits, Minn. Statutes 2019 3A.13

Payments to, retirement allowances, Minn. Statutes 2019 3A.02, 2019 3A.04

Survivor benefits

Beneficiaries charged or convicted of causing member's death, Minn. Statutes 2019 356.406

Combined service survivor benefits, Minn. Statutes 2019 356.303

Definitions, Minn. Statutes 2019 356.406

Exemption from process, Minn. Statutes 2019 356.401

Generally, Minn. Statutes 2019 3A.04, 2019 3A.05

Overpayment of benefits, subpoenas, Minn. Statutes 2019 356.401

Postretirement adjustments, Minn. Statutes 2019 3A.04, 2019 3A.115

Postretirement interest rate adjustments, Minn. Statutes 2019 3A.02

Remarriage, effect, Minn. Statutes 2019 356.407

Simultaneous payment of retirement allowances, Minn. Statutes 2019 356.40

Waived in lieu of optional annuities, Minn. Statutes 2019 3A.02

Termination of plan or fund, Minn. Statutes 2019 356.001

Termination of rights, Minn. Statutes 2019 3A.03

Unfunded actuarial accrued liability, Minn. Statutes 2019 356.215

Vesting requirements, see Service credit under this topic

Violations and penalties, fiduciaries, felony violations, service prohibition, Minn. Statutes 2019 609B.177

Waivers, state aid or appropriations, withholding for investment reporting noncompliance, Minn. Statutes 2019 356.219

Wrongful discharges, Minn. Statutes 2019 356.50