Minnesota § 356.23 SUPPLEMENTAL VALUATIONS; ALTERNATIVE REPORTS AND VALUATIONS

Minnesota Statutes

§ 356.23 — SUPPLEMENTAL VALUATIONS; ALTERNATIVE REPORTS AND VALUATIONS

Minnesota § 356.23

PartRETIREMENT

Ch. 356RETIREMENT SYSTEMS, GENERALLY

This text of Minnesota § 356.23 (SUPPLEMENTAL VALUATIONS; ALTERNATIVE REPORTS AND VALUATIONS) 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. § 356.23 (2026).

Text

Subdivision 1.Supplemental actuarial valuations.
Any supplemental actuarial valuations prepared on behalf of any governing or managing board of any pension and retirement fund enumerated in section356.20, subdivision 2, by an approved actuary, must be prepared in accordance with the applicable provisions of sections356.20to356.23and with the standards adopted by the Legislative Commission on Pensions and Retirement. Any pension and retirement fund which prepares an alternative actuarial valuation under subdivision 2 also must have a supplemental actuarial valuation prepared.

Subd. 2.Alternative reports and valuations.
In addition to the financial reports and actuarial valuations required by sections356.20to356.23, the governing or managing board of any fund concerned may submit alternati

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Subdivision 1.Supplemental actuarial valuations.
Any supplemental actuarial valuations prepared on behalf of any governing or managing board of any pension and retirement fund enumerated in section356.20, subdivision 2, by an approved actuary, must be prepared in accordance with the applicable provisions of sections356.20to356.23and with the standards adopted by the Legislative Commission on Pensions and Retirement. Any pension and retirement fund which prepares an alternative actuarial valuation under subdivision 2 also must have a supplemental actuarial valuation prepared.

Subd. 2.Alternative reports and valuations.
In addition to the financial reports and actuarial valuations required by sections356.20to356.23, the governing or managing board of any fund concerned may submit alternative reports and actuarial valuations for distribution to the legislature, any of its committees, or the Legislative Commission on Pensions and Retirement on a different basis or on different assumptions than are specified in sections356.20to356.23. The assumptions and basis of any alternative reports and valuations must be clearly stated in the document.