Chapter 354 — Teachers Retirement Act

354.01 This section has been repealed and renumbered. 354.02 This section has been repealed and renumbered. 354.03 This section has been repealed and renumbered. 354.04 This section has been repealed and renumbered. 354.045 Citation This chapter may be called the Teachers Retirement Act. 354.05 Definitions Defines key terms used in the Teachers Retirement Act, including who counts as a teacher and what counts as salary. 354.06 Board of Trustees; Membership; Duties Creates an eight-member board of trustees to manage the Teachers Retirement Association. 354.07 Powers of the Board Gives the TRA board power to make rules, investigate claims, and manage the retirement fund. 354.071 This section has been repealed. 354.08 This section has been repealed. 354.09 All subdivisions of this section have been repealed. 354.091 Service Credit Sets how teachers earn service credit toward retirement, based on salary and months worked. 354.092 Sabbatical Leave Allows teachers on sabbatical leave to keep earning retirement service credit. 354.093 Parental Leave Requires employers to report parental leave to TRA so teachers can buy back service credit. 354.094 Extended Leaves of Absence Lets teachers on extended leave of absence continue making retirement contributions. 354.095 Medical Leave Requires employers to report medical leave to TRA and sets rules for service credit during medical leave. 354.096 Family Leave Allows teachers on family leave (FMLA) to buy back retirement service credit. 354.10 Funds Not Subject to Assignment or Process; Beneficiaries Protects teacher retirement funds from being seized by creditors or assigned to others. 354.105 Payments Using Pretax Transfers Lets teachers use pretax money to buy additional retirement service credit. 354.11 This section has been repealed. 354.12 This section has been repealed. 354.13 This section has been repealed. 354.14 This section has been repealed. 354.145 This section has been repealed. 354.146 All subdivisions of this section have been repealed. 354.15 This section has been renumbered to Chapter 354A. 354.16 This section has been renumbered to Chapter 354A. 354.17 This section has been renumbered to Chapter 354A. 354.18 This section has been renumbered to Chapter 354A. 354.19 This section has been renumbered to Chapter 354A. 354.20 This section has been renumbered to Chapter 354A. 354.201 This section has been renumbered to Chapter 354A. 354.21 This section has been renumbered to Chapter 354A. 354.22 This section has been renumbered to Chapter 354A. 354.23 This section has been renumbered to Chapter 354A. 354.231 This section has been renumbered to Chapter 354A. 354.31 This section has been repealed. 354.32 This section has been repealed. 354.33 All subdivisions of this section have been repealed. 354.34 This section has been repealed. 354.35 Optional Accelerated Retirement Annuity Before Normal Retirement Age Lets teachers who retire early take a higher annuity first, then a lower amount after Social Security age. 354.36 This section has been repealed. 354.37 This section has been repealed. 354.38 This section has been repealed. 354.39 This section has been repealed. 354.41 Teachers Retirement Association, Eligibility for Membership Sets who is eligible to join the Teachers Retirement Association. 354.42 Contributions by Employer and Employee Sets the contribution rates that teachers and employers must pay into the retirement fund. 354.43 All subdivisions of this section have been repealed. 354.435 Additional Contributions by Special School District No. 1 and City of Minneapolis Requires Minneapolis School District and City of Minneapolis to make extra payments to TRA. 354.436 Direct State Aid on Behalf of the Former First Class City Teachers Retirement Fund Associations Provides direct state aid to help pay pension costs of former first class city teacher retirement funds. 354.44 Retirement Benefits Sets the rules for teacher retirement benefits, including age requirements, formulas, and reemployment limits. 354.444 Return to Work Agreement Allows retired teachers age 62 or older to return to work under a special agreement without losing benefits. 354.445 No Annuity Reduction Ensures certain reemployed retired teachers do not have their annuity reduced. 354.45 Optional Retirement Annuities; Unpaid Annuities, Disposition Lets retiring teachers choose how their pension is paid out, including survivor options for a spouse. 354.46 Payments After Death Provides survivor benefits to the spouse and children of a teacher who dies before or after retirement. 354.465 This section has been repealed. 354.47 Payment After Death Covers payment of benefits when a retired teacher dies with no surviving spouse or designated beneficiary. 354.471 Account Termination; Restoration Allows TRA to close inactive accounts and explains how former members can restore their accounts. 354.48 Permanent Disability Benefits Provides disability benefits to teachers who become permanently unable to work. 354.49 Refund Lets teachers who leave the profession get a refund of their retirement contributions. 354.50 Termination of Service Credits Explains how teachers can buy back service credit lost due to a refund or break in service. 354.51 Payments to Receive Credit for Prior Service; Shortages in Member Deductions Allows teachers to make payments to receive credit for prior service or fix contribution shortages. 354.511 This section has been repealed. 354.512 Recovery of Deficiencies Lets TRA recover underpaid contributions from employers or members. 354.52 Reports Requires school districts to file regular reports with TRA about their employees and payroll. 354.53 Credit for Break in Service to Provide Uniformed Service Gives teachers credit for time away from teaching to serve in the military. 354.531 This section has been repealed. 354.532 This section has been repealed. 354.533 This section has been repealed. 354.534 This section has been repealed. 354.535 This section has been repealed. 354.536 This section has been repealed. 354.537 This section has been repealed. 354.538 This section has been repealed. 354.539 This section has been repealed. 354.54 This section has been repealed. 354.541 This section has been repealed. 354.542 This section has been repealed. 354.543 Prior or Uncredited Military Service Credit Purchase Lets teachers buy retirement credit for prior military service that was not already credited. 354.544 Service Credit Purchase for Teaching Service in Other States Lets teachers buy retirement credit for teaching done in other states before moving to Minnesota. 354.55 Options to Certain Members Gives certain longtime members special options for calculating their retirement annuity. 354.56 This section has been repealed. 354.57 This section has been repealed. 354.58 This section has been repealed. 354.581 This section has been repealed. 354.59 This section has been repealed. 354.60 This section has been repealed. 354.61 This section has been repealed. 354.62 This section has been repealed. 354.621 This section has been repealed. 354.63 This section has been repealed. 354.64 Effect of Records TRA records are the official record and are presumed correct for benefit calculations. 354.65 This section has been repealed. 354.66 Qualified Part-time Teachers; Membership in Association Allows qualified part-time teachers to be members of the Teachers Retirement Association. 354.69 Information Supplied by District Requires school districts to provide TRA with information needed to manage retirement accounts. 354.70 Consolidation of Minneapolis Teachers Retirement Fund Association Merged the Minneapolis Teachers Retirement Fund into the statewide Teachers Retirement Association. 354.71 This section has been repealed. 354.72 Authorized Leave of Absence and Strike Period Service Credit Purchase Procedure Lets teachers buy retirement service credit for authorized leave or strike periods. 354.73 Retirement Coverage Related to the Former Duluth Teachers Retirement Fund Association Covers the transition of Duluth teachers from their local retirement fund into TRA. 354A.01 This section has been repealed or renumbered. 354A.02 This section has been repealed or renumbered. 354A.03 This section has been repealed or renumbered. 354A.04 This section has been repealed or renumbered. 354A.05 Membership in a Teachers Retirement Association in St. Paul Sets rules for membership in the St. Paul Teachers Retirement Association. 354A.06 This section has been repealed or renumbered. 354A.07 This section has been repealed or renumbered. 354A.08 Authorized Investments Lists the types of investments allowed for first class city teacher retirement funds. 354A.09 Pro Rata Distribution of Funds Requires fair distribution of funds among members of teacher retirement associations. 354A.10 This section has been repealed or renumbered. 354A.11 Certain Money and Credits of Teachers Exempt Money and credits in teacher retirement accounts are exempt from certain legal claims. 83A.01 This section has been repealed and renumbered. 83A.02 Powers and Duties Sets the powers and duties of the Geographic Names Board. 83A.03 Names Given to Be Official Names assigned by the Geographic Names Board are the official names. 83A.04 County Boards Naming Geographic Features Must Have Approval of Commissioner of Natural Resources County boards must get DNR Commissioner approval before naming geographic features.