2025 Session
Last amended: 1998 session
§ 383B.52 — Administration Costs
Plain-Language Summary
The county pays the costs of running the supplemental retirement program.
383B.52 ADMINISTRATION COSTS.
The Board of County Commissioners of Hennepin County is hereby authorized to appropriate money for the administration of the supplementary benefit program created by sections 383B.46 to 383B.52. The Board of County Commissioners of Hennepin County may charge participants a fee to recover the administrative expenses of the supplementary benefit program. Annual total fees charged to administer the supplementary benefit program may not exceed 40/100 of one percent of the assets of the program.
History:
1969 c 950 s 7; 1998 c 390 art 2 s 15
History: History: 1969 c 950 s 7; 1998 c 390 art 2 s 15
Practical Notes
Administrative costs come from the county budget, not employee accounts.