Minnesota Session Laws - 1991, Regular Session

  

                         Laws of Minnesota 1991 

                         CHAPTER 34-S.F.No. 734 
           An act relating to retirement; highway patrol refund 
          of certain employee contributions upon death; amending 
          Minnesota Statutes 1990, section 352B.11, by adding a 
          subdivision. 
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
    Section 1.  Minnesota Statutes 1990, section 352B.11, is 
amended by adding a subdivision to read: 
    Subd. 5.  [DEATH OF ANNUITANT OR BENEFICIARY.] If a retired 
member who did not select an optional annuity under section 
352B.08, subdivision 3, dies or if the last eligible recipient 
of an optional annuity under section 352B.08, subdivision 3, 
dies and the total amounts paid as an annuity are less than the 
accumulated member contributions under section 352B.02, 
subdivision 1a, to the credit of the retired member on the date 
of retirement, the surviving spouse, or if none, the former 
member's surviving children in equal shares, or if none, the 
last recipient's estate is entitled, upon application, to a 
refund.  The refund is equal to the balance of accumulated 
member contributions under section 352B.02, subdivision 1a, 
remaining after subtracting the total amount of benefits paid to 
the decedent. 
     Sec. 2.  [EFFECTIVE DATE.] 
    Section 1 is effective on July 1, 1991. 
    Presented to the governor April 19, 1991 
    Signed by the governor April 23, 1991, 4:07 p.m.