§ 356.59 — INTEREST RATES

Minnesota § 356.59

• Jurisdiction: Minnesota
• Part: RETIREMENT
• Ch. 356: RETIREMENT SYSTEMS, GENERALLY

Text

Subdivision 1.Applicable interest rates.
Whenever the payment of interest is required with respect to any payment, including refunds, remittances, shortages, contributions, or repayments, the rate of interest is the rate or rates specified in subdivisions 2 to 5 for each public retirement plan.

Subd. 2.Minnesota State Retirement System.
The interest rates for all retirement plans administered by the Minnesota State Retirement System are as follows:

Subd. 3.Public Employees Retirement Association.
The interest rates for all retirement plans administered by the Public Employees Retirement Association are as follows:

Subd. 4.Teachers Retirement Association.
The interest rates for the retirement plan administered by the Teachers Retirement Association are as follows:

Subd. 5.St. Paul Teachers Retirement Fund Association.
The interest rates for the retirement plan administered by the St. Paul Teachers Retirement Fund Association are as follows:

Legislative History

2018 c 211 art 6 s 39;2023 c 45 art 1 s 2