Sec. 609.504. INVESTMENT AND TRANSFER OF DEFERRED AMOUNTS AND INCOME. After execution of a contract under Section 609.007 , the board of trustees shall: (1) invest the deferred amounts and investment income of the employee in the qualified investment products designated by the employee; and (2) promptly transfer the deferred amounts and investment income of the employee from one qualified investment product to another in accordance with the requirements of the board of trustees.
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