LOCAL GOVERNMENT CORRECTIONAL SERVICE RETIREMENT PLAN

Accounting and bookkeeping

Financial and actuarial reporting practices, Minn. Statutes 2004 16A.055, 356.20, 356.215

Refund repayments, Minn. Statutes 2004 356.441

Accumulated contributions

Abandoned amounts, disposition, Minn. Statutes 2004 356.65

Actuarial valuations

Alternative valuations, Minn. Statutes 2004 356.23

Copies, Minn. Statutes 2004 356A.07

Costs, payment, Minn. Statutes 2004 356.214

Financial reporting, Minn. Statutes 2004 356.20

Generally, Minn. Statutes 2004 356.214, 356.215

Interpretation of law, Minn. Statutes 2004 356.22

Legislature, rights, Minn. Statutes 2004 356.22

Reports about, Minn. Statutes 2004 356.215

Supplemental actuarial valuations, Minn. Statutes 2004 356.23

Survivor benefits, Minn. Statutes 2004 353E.07

Actuaries

Actuarial valuations, see same under this topic

Approved actuaries, Minn. Statutes 2004 356.214, 356.215

Contracts, Minn. Statutes 2004 356.214

Duties, Minn. Statutes 2004 356.214

Administration

Expenses, Minn. Statutes 2004 353E.01, 356.215

Public Employees Retirement Association, duties, Minn. Statutes 2004 353E.01

Age of retirement

Disability benefits, termination, Minn. Statutes 2004 353E.06

Early retirement, Minn. Statutes 2004 353E.04

Normal retirement age, Minn. Statutes 2004 353.01, 354A.011, 356.403

Normal retirement annuities, Minn. Statutes 2004 353E.04

Survivor benefits, Minn. Statutes 2004 353E.07

Annuities

Abandoned amounts, disposition, Minn. Statutes 2004 356.65

Combined service annuities, Minn. Statutes 2004 356.30

Deferred annuities, Minn. Statutes 2004 356.30

Joint and survivor annuities, see same under this topic

Normal retirement annuities, see same under this topic

Optional annuities, see same under this topic

Payment, Minn. Statutes 2004 356.40

Qualified annuities, using for refund repayments, Minn. Statutes 2004 356.441

Retirement annuities, see Normal retirement annuities under this topic

Application of law

Actuarial valuations, Minn. Statutes 2004 356.215

Combined service annuities, Minn. Statutes 2004 356.30

Covered salary limitation, exception, Minn. Statutes 2004 356.611

Disability benefits, Minn. Statutes 2004 353E.06

Employer contributions, Minn. Statutes 2004 353E.01

Financial reporting requirements, Minn. Statutes 2004 356.20

Member contributions, Minn. Statutes 2004 353E.01, 356.62

Normal retirement annuities, see same under this topic

Public Employees Retirement Association, Minn. Statutes 2004 353E.08

Successor organizations, Minn. Statutes 2004 356.215

Termination of plan or fund, Minn. Statutes 2004 356.001

Appropriations to, withholding, investment reporting noncompliance, Minn. Statutes 2004 356.219

Assets

Definitions, Minn. Statutes 2004 356.215, 356.219, 356.63

Interpretation of law, Minn. Statutes 2004 356.63

Investment diversification, Minn. Statutes 2004 356A.06

Market valuation method, Minn. Statutes 2004 356.215

Title, holding, Minn. Statutes 2004 356A.06

Audits and examinations

Financial reporting requirements, Minn. Statutes 2004 356.20

Average salary, defined, Minn. Statutes 2004 353E.04

Beneficiaries

Defined, Minn. Statutes 2004 356A.01

Payments to, Minn. Statutes 2004 353E.07, 356.001

Benefits

Abandoned amounts, disposition, Minn. Statutes 2004 356.65

Benefit provisions summary, Minn. Statutes 2004 356A.07

Combined service benefits, Minn. Statutes 2004 356.302, 356.303

Definitions, Minn. Statutes 2004 356A.01

Disability benefits, see same under this topic

Eligible rollover distributions, Minn. Statutes 2004 356.635

Fiduciaries, duties, Minn. Statutes 2004 356A.02

Internal Revenue Code compliance, Minn. Statutes 2004 356.635

Maximum benefit limitations, Minn. Statutes 2004 356.611

Members' nonforfeitable interest, Minn. Statutes 2004 356.001

Payment, Minn. Statutes 2004 356.40

Recipients, defined, Minn. Statutes 2004 356A.01

Survivor benefits, see Joint and survivor annuities under this topic

Termination of plan or fund, procedures, Minn. Statutes 2004 356.001

Breach of fiduciary duty

Cofiduciaries, liability, Minn. Statutes 2004 356A.10

Generally, Minn. Statutes 2004 356A.09

Indemnification, Minn. Statutes 2004 356A.11

Lawsuits, Minn. Statutes 2004 356A.12

Remedies, Minn. Statutes 2004 356A.09

Buybacks, service credit, Minn. Statutes 2004 356.30

Certificates and certification

Economic interest statements, list of filings, Minn. Statutes 2004 356A.06

Chief administrative officer, duties, see Executive director under PUBLIC EMPLOYEES RETIREMENT ASSOCIATION (PERA)

Cofiduciaries

Defined, Minn. Statutes 2004 356A.01

Duties, generally, Minn. Statutes 2004 356A.10

Liability, Minn. Statutes 2004 356A.10

Service of process on, Minn. Statutes 2004 356A.12

Combined investment fund, participation, Minn. Statutes 2004 353E.01

Combined service annuities

Amount, formula, Minn. Statutes 2004 353E.04, 356.30

Application of law, Minn. Statutes 2004 356.30

Deferred annuities, Minn. Statutes 2004 353E.05, 356.30

Service credit, formula, Minn. Statutes 2004 356.30

Combined service disability benefits, Minn. Statutes 2004 353E.06, 356.302

Combined service survivor benefits, Minn. Statutes 2004 356.303

Compensation and salaries

Average salary, defined, Minn. Statutes 2004 353E.04

Covered salary, limitation, Minn. Statutes 2004 356.611

Definitions, Minn. Statutes 2004 356.611

Definitions, combined service benefits, Minn. Statutes 2004 356.302, 356.303

Fiduciaries, Minn. Statutes 2004 356A.06, 356A.08

Contested cases, adverse determination of eligibility

Benefits, or other rights, Minn. Statutes 2004 356A.07

Continuing education, Minn. Statutes 2004 356A.13

Contributions to more than one public retirement plan

Interpretation of law, Minn. Statutes 2004 353.01

Teachers Retirement Association, Minn. Statutes 2004 354.094

Copies, plan documents, summaries, and reports, Minn. Statutes 2004 356A.07

Coverage by more than one system, see Portability with other retirement plans under this topic

Covered employees, see Members under this topic

Covered governmental entity

Defined, Minn. Statutes 2004 356A.01

Duties, see Employers under this topic

Custodian bank accounts, establishment, Minn. Statutes 2004 356.001

Data, access, marriage dissolution, Minn. Statutes 2004 356.49

Dedicated fund, Minn. Statutes 2004 356.63

Deferred annuities, augmentation, combined service annuities, Minn. Statutes 2004 353E.05, 353E.06, 356.30

Deferred compensation, see STATE DEFERRED COMPENSATION PLAN

Definitions

Actuarial valuations, Minn. Statutes 2004 356.215

Combined service benefits, Minn. Statutes 2004 356.302, 356.303

Employee contribution pick up, Minn. Statutes 2004 356.62

Loss of survivor benefits, Minn. Statutes 2004 356.406

Public pension fiduciary responsibility, Minn. Statutes 2004 356A.01

Retirement annuity application procedure, Minn. Statutes 2004 356.46

Dependent children, see Survivor benefits under this topic

Depositories, designation, Minn. Statutes 2004 356A.06

Disability benefits

Adjustments, certain recipients, Minn. Statutes 2004 356.41

Combined service disability benefits, Minn. Statutes 2004 353E.06, 356.302

Definitions, Minn. Statutes 2004 356.46

Generally, Minn. Statutes 2004 353E.06

Health insurance premiums, withholding, Minn. Statutes 2004 356.87

Optional annuities, see same under this topic

Supplemental needs trusts, Minn. Statutes 2004 356.465

Disclosure

Actuarial valuations, Minn. Statutes 2004 356.215

Fiduciaries, Minn. Statutes 2004 356A.03, 356A.06

Financial reporting requirements, Minn. Statutes 2004 356.20

Dissolution of marriage

Retirement benefits or rights, information regarding, Minn. Statutes 2004 356.49

Early retirement, Minn. Statutes 2004 353E.04, 353E.07

Economic interest statements, fiduciaries, Minn. Statutes 2004 356A.06

Employee contributions, see Member contributions under this topic

Employees of the retirement plan

Indemnification, breach of fiduciary duty, Minn. Statutes 2004 356A.11

Employer contributions

Amount, Minn. Statutes 2004 353E.03

Collection, application of law, Minn. Statutes 2004 353E.01

Depositing, Minn. Statutes 2004 353E.01

Failure to pay, collection process, Minn. Statutes 2004 353.28

Workers' compensation recipients, service credit, Minn. Statutes 2004 353.01

Wrongful discharges, service credit, Minn. Statutes 2004 356.50

Employers

Benefit provision summaries, duties, Minn. Statutes 2004 356A.07

Certificates and certification, local government correctional service employees, Minn. Statutes 2004 353E.02

Certifying to, employer contributions, amounts due, Minn. Statutes 2004 353.28

Contributions, see Employer contributions under this topic

Reports given, employee contribution pick ups, Minn. Statutes 2004 356.62

Reports received, financial reports, Minn. Statutes 2004 356.20

Employing units, duties, see Employers under this topic

Establishment, Minn. Statutes 2004 353E.01

Exclusions from coverage, Minn. Statutes 2004 353.01

Experience studies, Minn. Statutes 2004 356.214, 356.215

Fiduciaries

Activities, generally, Minn. Statutes 2004 356A.02

Assets, title, Minn. Statutes 2004 356A.06

Breach of conduct or duties, Minn. Statutes 2004 356A.09 to 356A.12

Cofiduciaries, Minn. Statutes 2004 356A.01, 356A.10, 356A.12

Compensation and salaries, Minn. Statutes 2004 356A.06, 356A.08

Continuing education, Minn. Statutes 2004 356A.13

Definitions, Minn. Statutes 2004 356A.01

Direct or indirect profits, Minn. Statutes 2004 356A.06

Disclosure, Minn. Statutes 2004 356A.03, 356A.06

Duties, Minn. Statutes 2004 356A.02, 356A.04, 356A.05

Economic interest statements, Minn. Statutes 2004 356A.06

Felony violations, documentation, service prohibition, Minn. Statutes 2004 356A.03

Generally, Minn. Statutes 2004 356A.01 to 356A.13

Investments, duties, Minn. Statutes 2004 356A.02, 356A.06

Prohibited transactions, Minn. Statutes 2004 356A.06

Service of process on, Minn. Statutes 2004 356A.12

Standard of conduct, Minn. Statutes 2004 356A.04

Financial reports

Alternative reports, Minn. Statutes 2004 356.23

Copies, distribution, Minn. Statutes 2004 356.20, 356A.07

Requirements, generally, Minn. Statutes 2004 356.20

Former members, marriage dissolution actions

Information requirements, Minn. Statutes 2004 356.49

Funds and accounts

Custodian bank accounts, Minn. Statutes 2004 356.001

Dedicated fund, Minn. Statutes 2004 356.63

Local government correctional service retirement fund, Minn. Statutes 2004 356.65

Special fund, Minn. Statutes 2004 353E.01, 356.65

Generally, Minn. Statutes 2004 353E.01 to 353E.08

Governing board of a pension plan

Defined, Minn. Statutes 2004 356A.01

Generally, see Board of trustees under PUBLIC EMPLOYEES RETIREMENT ASSOCIATION (PERA)

Governing body rules and policies

Defined as plan documents, Minn. Statutes 2004 356A.01

Governmental subdivisions, duties, see Employers under this topic

Insurance, public employees program, Minn. Statutes 2004 43A.316, 356.87

Interest rates

Actuarial valuations, Minn. Statutes 2004 356.215

Forfeited service, refund repayments, Minn. Statutes 2004 356.44

Workers' compensation recipients, service credit contributions, Minn. Statutes 2004 353.01

Interpretation of law

Actuarial valuations, Minn. Statutes 2004 356.22

Assets, Minn. Statutes 2004 356.63

Contributions to more than one public retirement plan, Minn. Statutes 2004 353.01

Investments, Minn. Statutes 2004 356.63

Refund repayments, Minn. Statutes 2004 356.44

Termination of plan or fund, Minn. Statutes 2004 356.001

Unfunded actuarial accrued liability, Minn. Statutes 2004 356.22

Investment of funds

Fiduciaries, duties, Minn. Statutes 2004 356A.02, 356A.06

Interpretation of law, Minn. Statutes 2004 356.63

Investment expenses, Minn. Statutes 2004 356.215

Policy statement, Minn. Statutes 2004 356.219

Reports about, Minn. Statutes 2004 356.219

Requirements, generally, Minn. Statutes 2004 356A.06

Joint and survivor annuities

Adjustments, certain recipients, Minn. Statutes 2004 356.41

Beneficiaries charged or convicted of causing member's death, suspension, forfeiture, and recovery, Minn. Statutes 2004 356.406

Combined service survivor benefits, Minn. Statutes 2004 356.303

Definitions, Minn. Statutes 2004 356.303, 356.406

Election of, Minn. Statutes 2004 353E.07

Health insurance premiums, withholding, Minn. Statutes 2004 356.87

Lawsuits, breach of fiduciary duty, Minn. Statutes 2004 356A.12

Liability

Cofiduciaries, Minn. Statutes 2004 356A.10

Defined, Minn. Statutes 2004 356A.01

Unfunded actuarial accrued liability, Minn. Statutes 2004 356.215, 356.22

Local government correctional service employee, defined, Minn. Statutes 2004 353E.02

Local government correctional service retirement fund

Credits to, abandoned contributions, annuities, or benefits, Minn. Statutes 2004 356.65

Deposits, appropriations, and disbursements, Minn. Statutes 2004 353E.01

Mail and mailing

Benefit distribution notice, Minn. Statutes 2004 356.001

Retirement annuities, information, completed applications, Minn. Statutes 2004 356.46

Meetings, see OPEN MEETING LAW

Member contributions

Amount, Minn. Statutes 2004 353E.03

Application of law, Minn. Statutes 2004 356.62

Collection, application of law, Minn. Statutes 2004 353E.01

Definitions, Minn. Statutes 2004 356.62

Depositing, Minn. Statutes 2004 353E.01

Employers, pick up after 1982, Minn. Statutes 2004 356.62

Federal compensation limits, Minn. Statutes 2004 356.611

Reports about, Minn. Statutes 2004 356.62

Workers' compensation recipients, service credit, Minn. Statutes 2004 353.01

Wrongful discharges, service credit, Minn. Statutes 2004 356.50

Members

Actuarial valuations, Minn. Statutes 2004 356.215

Death caused by surviving beneficiary, loss of survivor benefits, Minn. Statutes 2004 356.406

Definitions, Minn. Statutes 2004 356.406, 356.62, 356A.01

Included employees, Minn. Statutes 2004 353E.02

Marriage dissolution actions, information requirements, Minn. Statutes 2004 356.49

Payments to, benefit distribution upon plan termination, Minn. Statutes 2004 356.001

Reports received, Minn. Statutes 2004 356.20, 356.62, 356A.07

Transfer from PERA general plan, state aid reduction prohibited, Minn. Statutes 2004 273.1385

Normal retirement annuities

Accrual, Minn. Statutes 2004 353E.04

Age, Minn. Statutes 2004 353E.04

Amount, formula, Minn. Statutes 2004 353E.04

Application of law, Minn. Statutes 2004 352.115, 353.29, 354.44, 354A.31

Combined service annuities, amount, formula, Minn. Statutes 2004 353E.04

Completed applications, copies to spouses, Minn. Statutes 2004 356.46

Deferred annuities, augmentation, Minn. Statutes 2004 353E.05, 353E.06, 356.30

Definitions, Minn. Statutes 2004 356.46

Early retirement, Minn. Statutes 2004 353E.04, 353E.07

Health insurance premiums, withholding, Minn. Statutes 2004 356.87

Multiple service limitation, Minn. Statutes 2004 353E.04

Optional annuities, see same under this topic

Simultaneous payment of survivor benefits, Minn. Statutes 2004 356.40

Years of service, Minn. Statutes 2004 353E.04

Notice given

Benefit distribution, Minn. Statutes 2004 356.001

Investment restrictions, Minn. Statutes 2004 356A.06

Notice received

Brokers, acknowledgment of investment restrictions, Minn. Statutes 2004 356A.06

Members, proof of death, Minn. Statutes 2004 356.001

Optional annuities

Accrual, Minn. Statutes 2004 353E.06

Definitions, Minn. Statutes 2004 356.46

Information summaries, distribution, Minn. Statutes 2004 356.46

In lieu of disability benefits, Minn. Statutes 2004 353E.06

In lieu of normal retirement annuities, Minn. Statutes 2004 353E.04

Supplemental needs trusts, Minn. Statutes 2004 356.465

Surviving spouse optional annuity, see Joint and survivor annuities under this topic

Survivor benefits, Minn. Statutes 2004 353E.07

Payments by

Actuarial costs, Minn. Statutes 2004 356.214

Allowable expenses, Minn. Statutes 2004 356.001

Benefit distribution upon plan termination, Minn. Statutes 2004 356.001

Fiduciaries, duties, Minn. Statutes 2004 356A.02

Health insurance premiums, Minn. Statutes 2004 356.87

Payments to

Health insurance, administrative expenses, Minn. Statutes 2004 356.87

Plan documents

Copies to members, Minn. Statutes 2004 356A.07

Defined, Minn. Statutes 2004 356A.01

Portability with other retirement plans

Legislators retirement plan, Minn. Statutes 2004 3A.12

Minneapolis employees retirement fund, Minn. Statutes 2004 422A.16

Minnesota State Retirement System, Minn. Statutes 2004 352.72

Public Employees Retirement Association, Minn. Statutes 2004 353.71

Teachers Retirement Association, Minn. Statutes 2004 354.60

Teachers retirement, Minneapolis, Saint Paul, and Duluth, Minn. Statutes 2004 354A.39

Postretirement investment fund, participation, Minn. Statutes 2004 353E.01

Prior service credit, purchases, Minn. Statutes 2004 356.30

Public employees insurance program, Minn. Statutes 2004 43A.316, 356.87

Purpose, Minn. Statutes 2004 356.001

Records and record keeping

Fiduciaries, duties, Minn. Statutes 2004 356A.02

Investments, liquidity documentation, Minn. Statutes 2004 356A.06

Refunds

Public Employees Retirement Association, Minn. Statutes 2004 353.34

Repayment to

Combined service annuities, Minn. Statutes 2004 356.30

Forfeited service credit, Minn. Statutes 2004 356.44

Individual retirement accounts, using, Minn. Statutes 2004 356.441

Interpretation of law, Minn. Statutes 2004 356.44

Legislators retirement plan, Minn. Statutes 2004 3A.12

Minneapolis employees retirement fund, Minn. Statutes 2004 422A.22

Minnesota State Retirement System, Minn. Statutes 2004 352.72

Public Employees Retirement Association, Minn. Statutes 2004 353.71

Qualified annuities, using, Minn. Statutes 2004 356.441

Requirements, Minn. Statutes 2004 356.441

Teachers Retirement Association, Minn. Statutes 2004 354.50

Survivor benefits, Minn. Statutes 2004 353E.07

Reports given

Actuarial valuations, Minn. Statutes 2004 356.215

Experience studies, Minn. Statutes 2004 356.215

Financial reports, Minn. Statutes 2004 356.20, 356.23

Investment of funds, Minn. Statutes 2004 356.219

Marriage dissolution actions, pension benefits or rights, Minn. Statutes 2004 356.49

State auditor, duties, Minn. Statutes 2004 356.219

Reports received

Actuarial valuations, experience studies, Minn. Statutes 2004 356.215

Reserves, prior service credit purchases, Minn. Statutes 2004 356.30

Retirement annuities, see Normal retirement annuities under this topic

Rule of 90, eligibility, Minn. Statutes 2004 353.30

Salary, see Compensation and salaries under this topic

Service credit

Combined service annuities, Minn. Statutes 2004 356.30

Combined service benefits, Minn. Statutes 2004 356.302, 356.303

Disability benefits, Minn. Statutes 2004 353E.06

Early retirement, Minn. Statutes 2004 353E.04

Forfeited service, refund repayments, Minn. Statutes 2004 356.44

Normal retirement benefits, Minn. Statutes 2004 353E.04

Restored service credit, Minn. Statutes 2004 356.44

Survivor benefits, Minn. Statutes 2004 353E.07

Workers' compensation recipients, Minn. Statutes 2004 353.01

Wrongful discharges, Minn. Statutes 2004 356.50

Spouses, retirement annuities, Minn. Statutes 2004 356.46

State aid, withholding

Investment reporting noncompliance, Minn. Statutes 2004 356.219

Statutes of limitations

Breach of fiduciary duty, Minn. Statutes 2004 356A.12

Successor organizations, application of law, Minn. Statutes 2004 356.20, 356.215

Supplemental needs trusts, optional annuity, Minn. Statutes 2004 356.465

Surviving child

Benefits, see Survivor benefits under this topic

Defined, Minn. Statutes 2004 356.303

Surviving spouses

Benefits, see Survivor benefits under this topic

Defined, Minn. Statutes 2004 356.303

Survivor benefits

Generally, Minn. Statutes 2004 353E.07

Joint and survivor annuities, see same under this topic

Simultaneous payment of retirement annuities, Minn. Statutes 2004 356.40

Survivors

Defined, Minn. Statutes 2004 356.406

Joint and survivor annuities, see same under this topic

Termination of plan or fund, Minn. Statutes 2004 356.001

Transfer of funds

Postretirement conversion, Minn. Statutes 2004 356.431

Unfunded actuarial accrued liability, Minn. Statutes 2004 356.215, 356.22

Vesting requirements, see Service credit under this topic

Violations and penalties

Fiduciaries, felony violations, service prohibition, Minn. Statutes 2004 356A.03

Investment reporting, noncompliance, Minn. Statutes 2004 356.219

Prohibited transactions, defined, Minn. Statutes 2004 356A.06

Surviving beneficiaries, charge or conviction of causing member's death, loss of survivor benefits, Minn. Statutes 2004 356.406

Waivers

State aid or appropriations, withholding for investment reporting noncompliance, Minn. Statutes 2004 356.219

Survivor benefits, Minn. Statutes 2004 353E.07

Workers' compensation benefits

Service credit, while receiving temporary benefits, Minn. Statutes 2004 353.01

Wrongful discharges, Minn. Statutes 2004 356.50

Years of service, see Service credit under this topic