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Minnesota Legislature

Office of the Revisor of Statutes

LOCAL GOVERNMENT CORRECTIONAL SERVICE RETIREMENT PLAN

Accounting and bookkeeping

Financial and actuarial reporting practices, Minn. Statutes 2009 16A.055, 2009 356.20, 2009 356.215

Refund repayments, Minn. Statutes 2009 356.441

Accumulated contributions, abandoned amounts, disposition, Minn. Statutes 2009 356.65

Actuarial valuations

Alternative valuations, Minn. Statutes 2009 356.23

Copies, Minn. Statutes 2009 356A.07

Employee/employer contributions, changes in, Minn. Statutes 2009 353.27

Financial reporting, Minn. Statutes 2009 356.20

Generally, Minn. Statutes 2009 356.214, 2009 356.215

Legislature, rights, Minn. Statutes 2009 356.22

Supplemental actuarial valuations, Minn. Statutes 2009 356.23

Survivor benefits, Minn. Statutes 2009 353E.07

Actuaries

Actuarial valuations, see same under this topic

Approved actuaries, Minn. Statutes 2009 356.214, 2009 356.215

Generally, Minn. Statutes 2009 356.214

Administration

Expenses, Minn. Statutes 2009 353E.01, 2009 356.215

Public Employees Retirement Association, duties, Minn. Statutes 2009 353E.01

Age of retirement

Disability benefits, termination, Minn. Statutes 2009 353E.06

Early retirement, Minn. Statutes 2009 353E.04

Normal retirement age, Minn. Statutes 2009 353.01, 2009 354A.011, 2009 356.403

Normal retirement annuities, Minn. Statutes 2009 353E.04

Survivor benefits, Minn. Statutes 2009 353E.07

Annuities

Abandoned amounts, disposition, Minn. Statutes 2009 356.65

Automatic deposit, Minn. Statutes 2009 356.401

Combined service annuities, Minn. Statutes 2009 356.30

Deferred annuities, Minn. Statutes 2009 356.30

Exemption from process, Minn. Statutes 2009 356.401

Joint and survivor annuities, see same under this topic

Normal retirement annuities, see same under this topic

Optional annuities, see same under this topic

Payment, Minn. Statutes 2009 356.40

Qualified annuities, using for refund repayments, Minn. Statutes 2009 356.441

Repayment, wrongful discharges, Minn. Statutes 2009 356.50

Retirement annuities, see Normal retirement annuities under this topic

Service credit purchase procedures, strike periods, Minn. Statutes 2009 356.195

Appeals procedure, Minn. Statutes 2009 356.96

Appropriations to, withholding

Investment reporting noncompliance, Minn. Statutes 2009 356.219

Assets

Definitions, Minn. Statutes 2009 356.215

Investment diversification, Minn. Statutes 2009 356A.06

Limitations on use, Minn. Statutes 2009 356.63

Market valuation method, Minn. Statutes 2009 356.215

Title, holding, Minn. Statutes 2009 356A.06

Audits and examinations, financial reporting requirements, Minn. Statutes 2009 356.20

Average salary, defined, Minn. Statutes 2009 353E.04

Beneficiaries, payments to, Minn. Statutes 2009 353E.07, 2009 356.001

Benefits

Abandoned amounts, disposition, Minn. Statutes 2009 356.65

Automatic deposit, Minn. Statutes 2009 356.401

Benefit provisions summary, Minn. Statutes 2009 356A.07

Combined service benefits, Minn. Statutes 2009 356.302, 2009 356.303

Definitions, Minn. Statutes 2009 356A.01

Disability benefits, see same under this topic

Eligible rollover distributions, Minn. Statutes 2009 356.635

Exemption from process, Minn. Statutes 2009 356.401

Fiduciaries, duties, Minn. Statutes 2009 356A.02

Internal Revenue Code compliance, Minn. Statutes 2009 356.635

Maximum benefit limitations, Minn. Statutes 2009 356.611

Members' nonforfeitable interest, Minn. Statutes 2009 356.001

Payment, Minn. Statutes 2009 356.40

Recipients, defined, Minn. Statutes 2009 356A.01

Subpoena authority, Minn. Statutes 2009 356.401

Survivor benefits, see Joint and survivor annuities under this topic

Termination of plan or fund, procedures, Minn. Statutes 2009 356.001

Termination or denial, Minn. Statutes 2009 356.96

Breach of fiduciary duty

Cofiduciaries, liability, Minn. Statutes 2009 356A.10

Generally, Minn. Statutes 2009 356A.09

Indemnification, Minn. Statutes 2009 356A.11

Lawsuits, Minn. Statutes 2009 356A.12

Buybacks, service credit, Minn. Statutes 2009 356.195, 2009 356.30

Certificates and certification

Economic interest statements, list of filings, Minn. Statutes 2009 356A.06

Certiorari, appeals of benefit termination or denial, Minn. Statutes 2009 356.96

Chief administrative officer, duties, see Executive director under PUBLIC EMPLOYEES RETIREMENT ASSOCIATION (PERA)

Cofiduciaries

Duties, generally, Minn. Statutes 2009 356A.10

Liability, Minn. Statutes 2009 356A.10

Service of process on, Minn. Statutes 2009 356A.12

Combined investment fund, participation, Minn. Statutes 2009 353E.01

Combined service annuities

Amount, formula, Minn. Statutes 2009 353E.04, 2009 356.30

Deferred annuities, Minn. Statutes 2009 353E.05, 2009 356.30

Service credit, formula, Minn. Statutes 2009 356.30

Combined service disability benefits, Minn. Statutes 2009 353E.06, 2009 356.302

Combined service survivor benefits, Minn. Statutes 2009 356.303

Compensation and salaries

Average salary, defined, Minn. Statutes 2009 353E.04

Fiduciaries, Minn. Statutes 2009 356A.06, 2009 356A.08

Contested cases

Adverse determination of eligibility, benefits, or other rights, Minn. Statutes 2009 356A.07

Appeals of benefit termination or denial, Minn. Statutes 2009 356.96

Continuing education, Minn. Statutes 2009 356A.13

Contributions to more than one public retirement plan

Retirement age, Minn. Statutes 2009 353.01

Teachers Retirement Association, Minn. Statutes 2009 354.094

Copies, plan documents, summaries, and reports, Minn. Statutes 2009 356A.07

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

Covered employees, see Members under this topic

Covered governmental entities, see Employers under this topic

Custodian bank accounts, establishment, Minn. Statutes 2009 356.001

Data, access, marriage dissolution, Minn. Statutes 2009 356.49

Dedicated fund, Minn. Statutes 2009 356.63

Deferred annuities, augmentation, combined service annuities, Minn. Statutes 2009 353E.05, 2009 353E.06, 2009 356.30

Deferred compensation, see STATE DEFERRED COMPENSATION PLAN

Definitions

Actuarial valuations, Minn. Statutes 2009 356.215

Local government correctional service retirement plan, Minn. Statutes 2009 353E.001, 2009 353E.02, 2009 353E.04

Loss of survivor benefits, Minn. Statutes 2009 356.406

Public pension fiduciary responsibility, Minn. Statutes 2009 356A.01, 2009 356A.06

Dependent children, see Survivor benefits under this topic

Depositories, designation, Minn. Statutes 2009 356A.06

Disability benefits

Combined service disability benefits, Minn. Statutes 2009 353E.06, 2009 356.302

Definitions, Minn. Statutes 2009 353E.001

Disability determination procedures, Minn. Statutes 2009 353.031

Generally, Minn. Statutes 2009 353E.06

Health insurance premiums, withholding, Minn. Statutes 2009 356.87

Medical advisor, duties, Minn. Statutes 2009 353.031

Optional annuities, see same under this topic

Postretirement adjustments, Minn. Statutes 2009 353E.06

Supplemental needs trusts, Minn. Statutes 2009 356.465

Wrongful discharges, effect on, Minn. Statutes 2009 356.50

Disclosure

Actuarial valuations, Minn. Statutes 2009 356.215

Fiduciaries, Minn. Statutes 2009 356A.03, 2009 356A.06

Financial reporting requirements, Minn. Statutes 2009 356.20

Dissolution of marriage, retirement benefits or rights

Information regarding, Minn. Statutes 2009 356.49

Early retirement

Normal retirement annuities, Minn. Statutes 2009 353E.04

Survivor benefits, Minn. Statutes 2009 353E.07

Economic interest statements, fiduciaries, Minn. Statutes 2009 356A.06

Employee contributions, see Member contributions under this topic

Employees of the retirement plan

Indemnification, breach of fiduciary duty, Minn. Statutes 2009 356A.11

Employer contributions

Amount, Minn. Statutes 2009 353E.03

Changes in, Minn. Statutes 2009 353.27

Failure to pay, collection process, Minn. Statutes 2009 353.28

Generally, Minn. Statutes 2009 353E.01

Medicare coverage, Minn. Statutes 2009 355.095

Wrongful discharges, service credit, Minn. Statutes 2009 356.50

Employers

Benefit provision summaries, duties, Minn. Statutes 2009 356A.07

Certificates and certification, local government correctional service employees, Minn. Statutes 2009 353E.02

Certifying to, employer contributions, amounts due, Minn. Statutes 2009 353.28

Contributions, see Employer contributions under this topic

Dissolution, allocation of receivables, Minn. Statutes 2009 356.98

Reports given, Minn. Statutes 2009 356.50, 2009 356.62

Reports received, financial reports, Minn. Statutes 2009 356.20

Employing units, duties, see Employers under this topic

Establishment, Minn. Statutes 2009 353E.01

Exclusions from coverage, Minn. Statutes 2009 353.01

Executive director, benefit termination or denial, appeals, Minn. Statutes 2009 356.96

Experience studies, Minn. Statutes 2009 356.214, 2009 356.215

Fiduciaries

Activities, generally, Minn. Statutes 2009 356A.02

Breach of conduct or duties, Minn. Statutes 2009 356A.09 to 2009 356A.12

Cofiduciaries, Minn. Statutes 2009 356A.01, 2009 356A.10, 2009 356A.12

Compensation and salaries, Minn. Statutes 2009 356A.06, 2009 356A.08

Continuing education, Minn. Statutes 2009 356A.13

Definitions, Minn. Statutes 2009 356A.01

Direct or indirect profits, Minn. Statutes 2009 356A.06

Disclosure, Minn. Statutes 2009 356A.03, 2009 356A.06

Duties, Minn. Statutes 2009 356A.02, 2009 356A.04, 2009 356A.05

Economic interest statements, Minn. Statutes 2009 356A.06

Felony violations, documentation, service prohibition, Minn. Statutes 2009 356A.03, 2009 609B.177

Generally, Minn. Statutes 2009 356A.01 to 2009 356A.13

Investments, duties, Minn. Statutes 2009 356A.02, 2009 356A.06

Prohibited transactions, Minn. Statutes 2009 356A.06

Service of process on, Minn. Statutes 2009 356A.12

Standard of conduct, Minn. Statutes 2009 356A.04

Financial reports

Alternative reports, Minn. Statutes 2009 356.23

Copies, distribution, Minn. Statutes 2009 356.20, 2009 356A.07

Requirements, generally, Minn. Statutes 2009 356.20

Former members, marriage dissolution actions

Information requirements, Minn. Statutes 2009 356.49

Full funding, established dates for, Minn. Statutes 2009 356.215

Funds and accounts

Custodian bank accounts, Minn. Statutes 2009 356.001

Dedicated fund, Minn. Statutes 2009 356.63

Local government correctional service retirement fund, Minn. Statutes 2009 356.65

Special fund, Minn. Statutes 2009 353E.01, 2009 356.65

Generally, Minn. Statutes 2009 353E.01 to 2009 353E.08

Governing board of a pension plan, see Board of trustees under PUBLIC EMPLOYEES RETIREMENT ASSOCIATION (PERA)

Governing body rules and policies

Defined as plan documents, Minn. Statutes 2009 356A.01

Governmental subdivisions, duties, see Employers under this topic

Hearings, appeals of benefit termination or denial, Minn. Statutes 2009 356.96

Insurance, public employees program, Minn. Statutes 2009 43A.316, 2009 356.87

Interest rates

Actuarial valuations, Minn. Statutes 2009 356.215

Forfeited service, refund repayments, Minn. Statutes 2009 356.44

Workers' compensation recipients, service credit contributions, Minn. Statutes 2009 353.01

Investment of funds

Fiduciaries, duties, Minn. Statutes 2009 356A.02, 2009 356A.06

Investment expenses, Minn. Statutes 2009 356.215

Policy statement, Minn. Statutes 2009 356.219

Reports about, Minn. Statutes 2009 356.219

Requirements, generally, Minn. Statutes 2009 356A.06

Joint and survivor annuities

Beneficiaries charged or convicted of causing member's death, suspension, forfeiture, and recovery, Minn. Statutes 2009 356.406

Combined service survivor benefits, Minn. Statutes 2009 356.303

Definitions, Minn. Statutes 2009 356.406

Election of, Minn. Statutes 2009 353E.07

Health insurance premiums, withholding, Minn. Statutes 2009 356.87

Mandatory, Minn. Statutes 2009 356.46

Lawsuits, breach of fiduciary duty, Minn. Statutes 2009 356A.12

Liability

Cofiduciaries, Minn. Statutes 2009 356A.10

Unfunded actuarial accrued liability, Minn. Statutes 2009 356.215, 2009 356.22

Local government correctional service employee, defined, Minn. Statutes 2009 353E.02

Local government correctional service retirement fund

Credits to, abandoned contributions, annuities, or benefits, Minn. Statutes 2009 356.65

Deposits, appropriations, and disbursements, Minn. Statutes 2009 353E.01

Mail and mailing

Benefit distribution notice, Minn. Statutes 2009 356.001

Retirement annuities, information, completed applications, Minn. Statutes 2009 356.46

Meetings, see OPEN MEETING LAW

Member contributions

Amount, Minn. Statutes 2009 353E.03

Changes in, Minn. Statutes 2009 353.27

Employers, pick up after 1982, Minn. Statutes 2009 356.62

Federal compensation limits, Minn. Statutes 2009 356.611

Generally, Minn. Statutes 2009 353E.01

Referendum, Medicare coverage, Minn. Statutes 2009 355.095

Reports about, Minn. Statutes 2009 356.62

Workers' compensation recipients, service credit, Minn. Statutes 2009 353.01

Wrongful discharges, service credit, Minn. Statutes 2009 356.50

Members

Actuarial valuations, Minn. Statutes 2009 356.215

Benefit termination or denial, notices received, Minn. Statutes 2009 356.96

Death caused by surviving beneficiary, loss of survivor benefits, Minn. Statutes 2009 356.406

Definitions, Minn. Statutes 2009 356.406, 2009 356A.01

Included employees, Minn. Statutes 2009 353E.02

Marriage dissolution actions, information requirements, Minn. Statutes 2009 356.49

Payments to, benefit distribution upon plan termination, Minn. Statutes 2009 356.001

Proof of death, notice, Minn. Statutes 2009 356.001

Reports received, Minn. Statutes 2009 356.20, 2009 356.62, 2009 356A.07

Transfer from PERA general plan, state aid reduction prohibited, Minn. Statutes 2009 273.1385

Normal postretirement adjustments, Minn. Statutes 2009 353E.04

Normal retirement annuities

Amount, formula, Minn. Statutes 2009 352.115, 2009 353E.04

Benefits, Minn. Statutes 2009 354.44

Completed applications, copies to spouses, Minn. Statutes 2009 356.46

Coordinated benefits, Minn. Statutes 2009 354A.31

Deferred annuities, augmentation, Minn. Statutes 2009 353E.05, 2009 353E.06, 2009 356.30

Early retirement, Minn. Statutes 2009 353E.04, 2009 353E.07

Exemption from process, Minn. Statutes 2009 356.401

Generally, Minn. Statutes 2009 353E.04

Health insurance premiums, withholding, Minn. Statutes 2009 356.87

Optional annuities, see same under this topic

PERA, termination of membership, Minn. Statutes 2009 353.29

Simultaneous payment of survivor benefits, Minn. Statutes 2009 356.40

Notice given

Benefit distribution, Minn. Statutes 2009 356.001

Benefit termination or denial, Minn. Statutes 2009 356.96

Investment restrictions, Minn. Statutes 2009 356A.06

Optional annuities

Accrual, Minn. Statutes 2009 353E.06

In lieu of disability benefits, Minn. Statutes 2009 353E.06

In lieu of normal retirement annuities, Minn. Statutes 2009 353E.04

Information summaries, distribution, Minn. Statutes 2009 356.46

Supplemental needs trusts, Minn. Statutes 2009 356.465

Surviving spouse optional annuity, see Joint and survivor annuities under this topic

Survivor benefits, Minn. Statutes 2009 353E.07

Payments by

Allowable expenses, Minn. Statutes 2009 356.001

Benefit distribution upon plan termination, Minn. Statutes 2009 356.001

Fiduciaries, duties, Minn. Statutes 2009 356A.02

Health insurance premiums, Minn. Statutes 2009 356.87

Payments to, health insurance, administrative expenses, Minn. Statutes 2009 356.87

Plan documents, copies to members, Minn. Statutes 2009 356A.07

Portability with other retirement plans

Legislators retirement plan, Minn. Statutes 2009 3A.12

Minneapolis Employees Retirement Fund, Minn. Statutes 2009 422A.16

Minnesota State Retirement System, Minn. Statutes 2009 352.72

Public Employees Retirement Association, Minn. Statutes 2009 353.71

Teachers retirement, Saint Paul and Duluth, Minn. Statutes 2009 354A.39

Teachers Retirement Association, Minn. Statutes 2009 354.60

Postretirement adjustments

Disability benefits, Minn. Statutes 2009 353E.06

Generally, Minn. Statutes 2009 356.415

Survivor benefits, Minn. Statutes 2009 353E.07

Postretirement investment fund, participation, Minn. Statutes 2009 353E.01

Prior service credit, purchases, Minn. Statutes 2009 356.30

Public employees insurance program, Minn. Statutes 2009 43A.316, 2009 356.87

Purpose, Minn. Statutes 2009 356.001

Records and record keeping

Appeals of benefit termination or denial, Minn. Statutes 2009 356.96

Fiduciaries, duties, Minn. Statutes 2009 356A.02

Investments, liquidity documentation, Minn. Statutes 2009 356A.06

Refunds

Automatic deposit, Minn. Statutes 2009 356.401

Public Employees Retirement Association, Minn. Statutes 2009 353.34

Repayment to

Combined service annuities, Minn. Statutes 2009 356.30

Forfeited service credit, Minn. Statutes 2009 356.44

Generally, Minn. Statutes 2009 356.441

Legislators retirement plan, Minn. Statutes 2009 3A.12

Minneapolis Employees Retirement Fund, Minn. Statutes 2009 422A.22

Minnesota State Retirement System, Minn. Statutes 2009 352.72

Public Employees Retirement Association, Minn. Statutes 2009 353.71

Teachers Retirement Association, Minn. Statutes 2009 354.50

Survivor benefits, Minn. Statutes 2009 353E.07

Reports given

Actuarial valuations, Minn. Statutes 2009 356.215

Experience studies, Minn. Statutes 2009 356.215

Financial reports, Minn. Statutes 2009 356.20, 2009 356.23

Investment of funds, Minn. Statutes 2009 356.219

Marriage dissolution actions, pension benefits or rights, Minn. Statutes 2009 356.49

State auditor, duties, Minn. Statutes 2009 356.219

Reserves, prior service credit purchases, Minn. Statutes 2009 356.30

Retirement annuities, see Normal retirement annuities under this topic

Rule of 90, eligibility, Minn. Statutes 2009 353.30

Salary, see Compensation and salaries under this topic

Service credit

Combined service annuities, Minn. Statutes 2009 356.30

Combined service benefits, Minn. Statutes 2009 356.302, 2009 356.303

Disability benefits, Minn. Statutes 2009 353E.06

Early retirement, Minn. Statutes 2009 353E.04

Forfeited service, refund repayments, Minn. Statutes 2009 356.44

Normal retirement benefits, Minn. Statutes 2009 353E.04

Purchase procedure, authorized leave of absence, Minn. Statutes 2009 353.0161

Restored service credit, Minn. Statutes 2009 356.44

Survivor benefits, Minn. Statutes 2009 353E.07

Workers' compensation recipients, Minn. Statutes 2009 353.01

Wrongful discharges, Minn. Statutes 2009 356.50

Spouses, retirement annuities, Minn. Statutes 2009 356.46

State aid, withholding, investment reporting noncompliance, Minn. Statutes 2009 356.219

Statutes of limitations, breach of fiduciary duty, Minn. Statutes 2009 356A.12

Subpoenas, overpayment of benefits, Minn. Statutes 2009 356.401

Successor organizations, Minn. Statutes 2009 356.20, 2009 356.215

Supplemental needs trusts, optional annuity, Minn. Statutes 2009 356.465

Surviving child, see Survivor benefits under this topic

Surviving spouses, see Survivor benefits under this topic

Survivor benefits

Exemption from process, Minn. Statutes 2009 356.401

Generally, Minn. Statutes 2009 353E.07

Joint and survivor annuities, see same under this topic

Overpayment of benefits, subpoenas, Minn. Statutes 2009 356.401

Postretirement adjustments, Minn. Statutes 2009 353E.07

Simultaneous payment of retirement annuities, Minn. Statutes 2009 356.40

Termination of plan or fund, Minn. Statutes 2009 356.001

Unfunded actuarial accrued liability, Minn. Statutes 2009 356.215, 2009 356.22

Vesting requirements, see Service credit under this topic

Violations and penalties

Fiduciaries, felony violations, service prohibition, Minn. Statutes 2009 609B.177

Investment reporting, noncompliance, Minn. Statutes 2009 356.219

Prohibited transactions, defined, Minn. Statutes 2009 356A.06

Waivers

State aid or appropriations, withholding for investment reporting noncompliance, Minn. Statutes 2009 356.219

Survivor benefits, Minn. Statutes 2009 353E.07

Workers' compensation benefits

Service credit, while receiving temporary benefits, Minn. Statutes 2009 353.01

Wrongful discharges, Minn. Statutes 2009 356.50

Years of service, see Service credit under this topic