Minnesota § 356A.13 CONTINUING FIDUCIARY EDUCATION

Minnesota Statutes

§ 356A.13 — CONTINUING FIDUCIARY EDUCATION

Minnesota § 356A.13

PartRETIREMENT

Ch. 356APUBLIC PENSION FIDUCIARY RESPONSIBILITY

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Bluebook

Minn. Stat. § 356A.13 (2026).

Text

Subdivision 1.Obligation of fiduciaries.
A fiduciary of a covered pension plan shall make reasonable effort to obtain knowledge and skills sufficient to enable the fiduciary to perform fiduciary activities adequately. At a minimum, a fiduciary of a covered pension plan shall comply with the program established in accordance with subdivision 2.

Subd. 2.Continuing fiduciary education program.
The governing boards of covered pension plans shall each develop and periodically revise a program for the continuing education of any of their board members and any of their chief administrative officers who are not reasonably considered to be experts with respect to their activities as fiduciaries. The program must be designed to provide those persons with knowledge and skills sufficient to enable t

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Subdivision 1.Obligation of fiduciaries.
A fiduciary of a covered pension plan shall make reasonable effort to obtain knowledge and skills sufficient to enable the fiduciary to perform fiduciary activities adequately. At a minimum, a fiduciary of a covered pension plan shall comply with the program established in accordance with subdivision 2.

Subd. 2.Continuing fiduciary education program.
The governing boards of covered pension plans shall each develop and periodically revise a program for the continuing education of any of their board members and any of their chief administrative officers who are not reasonably considered to be experts with respect to their activities as fiduciaries. The program must be designed to provide those persons with knowledge and skills sufficient to enable them to perform their fiduciary activities adequately.