1998 Minnesota Statutes

     352D.015 Definitions. 

    Subdivision 1.  As used in this chapter, unless the context 
 or subject matter indicates otherwise, the following terms shall 
 have the meanings given.  

    Subd. 2.  "Unclassified program" means the program 
 established by this chapter.  

    Subd. 3.  "Supplemental fund" means the fund established 
 and governed by section 11A.17.  

    Subd. 4.  "General fund" means the state employees 
 retirement fund except the moneys for the unclassified program.  

    Subd. 5.    Covered employment.  "Covered employment" 
 means employment covered by this chapter or by chapter 352.  

    Subd. 6.  "Employee shares" means shares in the 
 supplemental fund purchased with the employee's contributions.  

    Subd. 7.  "Employer shares" means shares in the 
 supplemental fund purchased with the employer's contributions.  

    Subd. 8.  "Total shares" means all the employee shares and 
 employer shares credited to a participant.  Where applicable, 
 the term "contributions" shall mean "shares." 

    Subd. 9.  "Value" means cash value at the end of the month 
 following receipt of an application.  If no application is 
 required, "value" means the cash value at the end of the month 
 in which the event necessitating the transfer occurs.  

    Subd. 10.  Repealed, 1975 c 368 s 51 

    HIST: 1973 c 624 s 2; 1975 c 368 s 41; 1980 c 607 art 14 s 46; 
 1983 c 128 s 32; 1986 c 458 s 6; 1987 c 284 art 4 s 4; 1993 c 
 307 art 1 s 34