Notwithstanding any provision of section 356.215, subdivision 8 , or 356.415 to the contrary, for purposes of computing joint and survivor annuities, the applicable investment return assumption is 6.5 percent. This section applies to the following retirement plans: (1) the legislators retirement plan, established under chapter 3A, including constitutional officers as specified in that chapter; (2) the correctional state employees retirement plan of the Minnesota State Retirement System, established under chapter 352; (3) the general state employees retirement plan of the Minnesota State Retirement System, established under chapter 352; (4) the State Patrol retirement plan, established under chapter 352B; (5) the unclassified state employees retirement program of the Minnesota State Retirement System, established under chapter 352D; (6) the judges retirement plan, established under chapter 490; (7) the general employees retirement plan of the Public Employees Retirement Association, established under chapter 353; (8) the public employees police and fire retirement plan of the Public Employees Retirement Association, established under chapter 353; (9) the local government correctional service retirement plan of the Public Employees Retirement Association, established under chapter 353E; and (10) the Teachers Retirement Association, established under chapter 354.
‹ Prev All Minnesota sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.