Chapter 354C — Establishment

354C.01 This section has been repealed or renumbered and is no longer in effect. 354C.02 This section has been repealed or renumbered and is no longer in effect. 354C.03 This section has been repealed or renumbered and is no longer in effect. 354C.04 This section has been repealed or renumbered and is no longer in effect. 354C.05 This section has been repealed or renumbered and is no longer in effect. 354C.06 This section has been repealed or renumbered and is no longer in effect. 354C.07 This section has been repealed or renumbered and is no longer in effect. 354C.10 Establishment Establishes a supplemental retirement plan for certain employees of the Minnesota State Colleges and Universities … 354C.11 Coverage Defines eligibility and coverage for the supplemental retirement plan, specifying which Minnesota State Colleges and … 354C.12 Salary Deductions and Matching Employer Contributions Sets the contribution rates for the supplemental retirement plan at 5% of salary between $6,000 and $15,000, with … 354C.13 Administration Assigns administration of the supplemental retirement plan to the Board of Trustees of the Minnesota State Colleges and … 354C.14 Investment of Deductions and Contributions Directs investment of plan contributions into annuity contracts or custodial accounts from selected financial … 354C.15 This section has been repealed or renumbered and is no longer in effect. 354C.155 Unclaimed Plan Account Amounts Applies the unclaimed account provisions of section 354B.25 to the supplemental retirement plan, governing how dormant … 354C.16 Payment of Benefits Provides that retirement benefits are payable immediately upon death or termination of employment, upon application by … 354C.165 Prohibition on Loans or Pretermination Distributions Prohibits loans from the supplemental plan and distributions before termination of employment, with limited exceptions … 354C.17 Tax Shelter Provisions Allows tax-sheltered salary reduction agreements for supplemental plan participants under applicable IRS pension … 354C.18 Rules Authorizes the MnSCU Board of Trustees to adopt administrative rules for the chapter and to invest member contributions … 354D.01 Definitions Defines terms used in the Individual Retirement Account Plan for certain state employees, including the plan itself and … 354D.02 Participants Identifies which state employees may elect to participate in the individual retirement account plan instead of the … 354D.03 Social Security Coverage Provides that individual retirement account plan participants retain Social Security coverage through their general … 354D.04 Plan Coverage Establishes the irrevocable election process for joining the individual retirement account plan, with different … 354D.05 Contributions Sets member and employer contribution rates for the individual retirement account plan, generally matching the rates of … 354D.06 Administration Assigns administration of the individual retirement account plan to the Minnesota State University system for most … 354D.07 Transfer of Certain Msrs Member Contribution Refund Amounts to Plan Allows former MSRS members who join the individual retirement account plan to transfer their refundable contribution …