Chapter 356 — Legislative Advisory Commission

3.30 Legislative Advisory Commission This section creates the Legislative Advisory Commission, which reviews large transfers of money between state … 356.001 Purpose of Public Plans This section states that public pension plans in Minnesota exist only to benefit their members and members' … 356.01 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.02 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.03 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.04 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.05 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.06 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.07 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.08 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.09 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.10 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.11 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.12 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.13 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.14 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.15 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.16 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.17 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.18 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.19 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.195 Service Credit Purchase Procedures for Strike Periods This section allows public employees who went on strike to buy back retirement service credit for the time they were on … 356.20 Public Pension Fund Financial Reporting Requirement This section requires every major public pension plan in Minnesota to prepare and file an annual financial report after … 356.21 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.211 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.212 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.214 Actuarial Valuation Preparation This section requires major public pension plans in Minnesota to hire qualified actuarial firms to perform annual … 356.215 Actuarial Valuations and Experience Studies This section sets detailed rules for how actuarial valuations and experience studies must be done for Minnesota public … 356.216 Contents of Actuarial Valuations for Local Monthly Volunteer Firefighter Relief Associations This section modifies the general actuarial valuation rules for local volunteer firefighter relief associations that pay … 356.2165 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.217 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.218 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.219 Disclosure of Public Pension Plan Investment Portfolio and Performance Information This section requires public pension plans that are not fully invested through the State Board of Investment to report … 356.22 Interpretation This section clarifies that the financial reporting and actuarial valuation requirements do not prevent pension funds … 356.23 Supplemental Valuations; Alternative Reports and Valuations This section allows pension fund boards to prepare supplemental actuarial valuations and alternative reports using … 356.24 Supplemental Pension or Deferred Compensation Plans, Restrictions Upon Government Units This section makes it illegal for government employers to use public funds for supplemental pension or deferred … 356.245 Local Elected Officials This section allows local elected officials who are covered by PERA to participate in a deferred compensation plan. The … 356.25 Local Governmental Pension Fund Prohibitions; Exclusions This section prohibits cities, counties, and other local governments from creating new local pension plans paid for with … 356.26 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.27 City of St. Paul and Independent School District No. 625, St. Paul; Contributions to Multiemployer Plans This section allows the city of St. Paul and St. Paul School District (ISD 625) to negotiate collective bargaining … 356.30 Combined Service Annuity This section allows people who worked in more than one public retirement plan in Minnesota to combine their service from … 356.301 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.302 Disability Benefit With Combined Service This section allows public employees who become disabled and have service credit in more than one retirement plan to … 356.303 Survivor Benefit With Combined Service This section provides survivor benefits for the families of public employees who die while actively employed and who had … 356.305 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.306 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.31 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.311 Coverage by More Than One Plan This section ensures that people who have been members of two or more public retirement plans can receive an annuity … 356.315 Retirement Benefit Formula Percentages This section establishes that any future increases to retirement benefit accrual rates only apply to service performed … 356.32 Proportionate Annuity at Age 65 This section allows public employees who retire at age 65 or older (or at their mandatory retirement age) to receive a … 356.325 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.34 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.35 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.351 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.36 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.37 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.371 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.372 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.38 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.39 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.40 Date for Payment of Annuities and Benefits This section requires all public pension annuities and benefits to be paid in advance during the first week of each … 356.401 Exemption From Process This section protects public pension benefits from being seized by creditors. Pension money cannot be assigned, … 356.403 Normal Retirement Age; Savings Clause This section states that the legislature intends the normal retirement age for public employees hired after May 16, … 356.405 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.406 Loss of Entitlement to Benefits for Survivor Causing Death of Pension Plan Member This section takes away pension survivor benefits from anyone who is charged with or convicted of causing the death of a … 356.407 Restoration of Survivor Benefits This section allows a surviving spouse whose pension survivor benefits were cut off because of remarriage to get those … 356.408 Termination of Survivor Designation This section allows a retired pension member and their designated survivor to mutually agree to cancel the joint and … 356.41 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.415 Postretirement Adjustments; Statewide Retirement Plans This section sets the annual cost-of-living increases for retirees in Minnesota's major public pension plans. Each plan … 356.42 Postretirement Adjustment; Lump-sum Payments This section addresses how postretirement adjustments apply to lump-sum payments from public pension plans. It … 356.43 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.431 Conversion of Lump-sum Postretirement and Supplemental Payment to an Increased Monthly Annuity This section allows pension plan retirees to convert a one-time lump-sum postretirement or supplemental payment into a … 356.44 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.441 Payment Acceptance Allowed This section allows public pension plan members to repay refunds or make payments for eligible leaves of absence using … 356.45 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.451 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.452 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.453 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.454 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.455 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.46 Application for Retirement Annuity; Procedure for Electing Annuity Form; Mandatory Joint and Survivor Optional Annuity Form This section sets out the procedures for applying for a retirement annuity and choosing an annuity form from a public … 356.461 Various Retirement Systems; Joint and Survivor Annuity Computation This section establishes uniform rules for how joint and survivor annuities are calculated across Minnesota's public … 356.465 Supplemental Needs Trust as Optional Annuity Form Recipient This section allows a retiring pension plan member to name a qualified supplemental needs trust as the recipient of … 356.47 Disposition of Amount in Excess of Reemployed Annuitant Earnings Limitations This section explains what happens when a retired public employee goes back to work and earns more than the allowed … 356.48 Revocation of Optional Annuity Due to Marriage Dissolution or Annulment This section allows a retired pension member to cancel a joint and survivor annuity form that named a former spouse as … 356.49 Provision of Information in Event of Marriage Dissolution This section requires public and private pension plan administrators to provide information about a member's pension … 356.50 Service and Salary Credit From Back Pay Awards in the Event of Wrongful Discharge; Annuity and Disability Treatment This section provides that public employees who receive back pay awards due to wrongful discharge get service credit and … 356.55 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.551 Post-july 1, 2004, Prior Service Credit Purchase Payment Amount Determination Procedure This section establishes the method for calculating how much a public pension plan member must pay to purchase prior … 356.555 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.58 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.59 Interest Rates This section sets the interest rates that apply to all payments involving public pension plans, including refunds, … 356.60 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.61 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.611 Limitation on Public Employee Salaries for Pension Purposes This section limits the amount of salary that can be counted for pension purposes in Minnesota public retirement plans. … 356.612 Limitation on Benefits and Contributions This section sets limits on the annual benefits and contributions for Minnesota public pension plans to comply with … 356.614 Limitation on Use of Forfeitures This section prohibits forfeitures in defined benefit public pension plans from being used to increase the benefits of … 356.615 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.62 Payment of Employee Contribution This section governs how employee contributions to public pension plans are handled. It allows employers to pick up … 356.63 Limitation on Use of Public Pension Plan Assets This section declares that money in public pension plans is a dedicated fund that can only be used to pay retirement … 356.631 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.633 Direct Rollovers This section allows members of public pension plans to roll over eligible distributions directly to another qualified … 356.635 Internal Revenue Code Compliance This section ensures that Minnesota public pension plans comply with the Internal Revenue Code requirements for … 356.636 Correction of Errors This section provides procedures for correcting errors made by public pension plans, including overpayments and … 356.637 Correction of Erroneous Defined Benefit Plan Coverage This section provides a process for correcting situations where a public employee was mistakenly enrolled in the wrong … 356.638 Military Service This section requires public pension plans to provide benefits and service credit for members who perform qualified … 356.64 Real Estate Investments This section allows public pension plans that are not invested through the State Board of Investment to invest in … 356.645 Investment of Defined Contribution Plans and Volunteer Firefighters Relief Associations This section requires the State Board of Investment to determine what investment options are available to participants … 356.646 Plan Participant Investment Responsibility This section states that in defined contribution pension plans, each member is responsible for making their own … 356.648 Additional Sources of Funding This section allows public pension plans to accept additional sources of funding beyond the usual employer and employee … 356.65 Disposition of Abandoned Public Pension Fund Amounts This section establishes procedures for handling abandoned amounts in public pension funds, such as unclaimed refunds or … 356.70 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.71 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.80 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.81 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.82 Savings Clause This section is a savings clause stating that the legislature intends the normal retirement age for public employees … 356.85 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.86 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.865 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.866 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.87 Health Insurance Withholding This section allows pension plans to withhold health insurance premiums directly from retirees' pension annuity … 356.88 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.89 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.90 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.91 Voluntary Membership Dues Deduction This section allows retirees receiving a pension from MSRS, PERA, or TRA to have union membership dues or other payments … 356.95 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 356.96 Pension Plan Appeal Procedures This section establishes appeal procedures for members who disagree with decisions made by their public pension plan. It … 356.97 Information Services and Technology This section exempts the executive directors and boards of public pension plans from the requirements of Chapter 16E, … 356.98 Allocation of Receivables This section sets rules for how money is divided among pension plans when a government employer is dissolved or closed … 356.99 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and … 9.28 This section has been repealed. It was formerly part of Chapter 356, which covers Minnesota public pension plans and …