Minnesota § 352.911 CORRECTIONAL EMPLOYEES RETIREMENT FUND

Minnesota Statutes

§ 352.911 — CORRECTIONAL EMPLOYEES RETIREMENT FUND

Minnesota § 352.911

PartRETIREMENT

Ch. 352STATE RETIREMENT

This text of Minnesota § 352.911 (CORRECTIONAL EMPLOYEES RETIREMENT FUND) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 352.911 (2026).

Text

Subdivision 1.Fund created.
There is created a special fund to be known as the correctional employees retirement fund.

Subd. 2.Revenue sources.
Employee contributions under section352.92, subdivision 1, and employer contributions under section352.92, subdivision 2, and other amounts, including any investment income on invested fund assets as authorized by law, shall be deposited in the fund.

Subd. 3.Investment.
The assets of the fund must be deposited in the Minnesota combined investment funds as provided in section11A.14, if applicable, or otherwise under section11A.23.

Subd. 4.Collection of contributions.
The collection of employee and employer contributions shall be governed by the applicable procedures set forth in section352.04, subdivisions 4, 5, 6, 8, and 9.

Subd. 5.Fund disbur

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Subdivision 1.Fund created.
There is created a special fund to be known as the correctional employees retirement fund.

Subd. 2.Revenue sources.
Employee contributions under section352.92, subdivision 1, and employer contributions under section352.92, subdivision 2, and other amounts, including any investment income on invested fund assets as authorized by law, shall be deposited in the fund.

Subd. 3.Investment.
The assets of the fund must be deposited in the Minnesota combined investment funds as provided in section11A.14, if applicable, or otherwise under section11A.23.

Subd. 4.Collection of contributions.
The collection of employee and employer contributions shall be governed by the applicable procedures set forth in section352.04, subdivisions 4, 5, 6, 8, and 9.

Subd. 5.Fund disbursement restricted.
The correctional employees retirement fund must be disbursed only for the purposes provided for in the applicable provisions in this chapter. The proportional share of the expenses of the system and any benefits provided in section352.90must be paid from the correctional employees retirement fund. The retirement allowances, retirement annuities, the disability benefits, the survivorship benefits, and any refunds of accumulated deductions must be paid from the correctional employees retirement fund. The amounts necessary to make the payments from the correctional employees retirement fund are annually appropriated from that fund for those purposes.