Minnesota § 354C.14 INVESTMENT OF DEDUCTIONS AND CONTRIBUTIONS

Minnesota Statutes

§ 354C.14 — INVESTMENT OF DEDUCTIONS AND CONTRIBUTIONS

Minnesota § 354C.14

PartRETIREMENT

Ch. 354CHIGHER EDUCATION SUPPLEMENTAL RETIREMENT

This text of Minnesota § 354C.14 (INVESTMENT OF DEDUCTIONS AND CONTRIBUTIONS) 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. § 354C.14 (2026).

Text

(a)The Board of Trustees of the Minnesota State Colleges and Universities shall invest the deductions and contributions under section354C.12, after deduction of administrative expenses under section354C.12, subdivision 4, in annuity contracts or custodial accounts from financial institutions selected under section354B.25, subdivision 3.

(b)The retirement contributions and death benefits provided by annuity contracts or custodial accounts purchased by the Board of Trustees of the Minnesota State Colleges and Universities are owned by the supplemental retirement plan and must be paid in accordance with those annuity contracts or custodial account agreements.

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(a) The Board of Trustees of the Minnesota State Colleges and Universities shall invest the deductions and contributions under section354C.12, after deduction of administrative expenses under section354C.12, subdivision 4, in annuity contracts or custodial accounts from financial institutions selected under section354B.25, subdivision 3.
(b) The retirement contributions and death benefits provided by annuity contracts or custodial accounts purchased by the Board of Trustees of the Minnesota State Colleges and Universities are owned by the supplemental retirement plan and must be paid in accordance with those annuity contracts or custodial account agreements.