Minnesota Statutes
Chapter 353 — Public Employees Retirement Association
Section 353.05 — Custodian Of Funds.

The commissioner of management and budget shall be ex officio treasurer of the retirement funds of the association and the general bond of the commissioner of management and budget to the state must be so conditioned as to cover all liability for acts as treasurer of these funds. All money of the association received by the commissioner of management and budget must be set aside in the state treasury to the credit of the proper fund or account. The commissioner of management and budget shall transmit monthly to the executive director a detailed statement of all amounts so received and credited to the funds. Payments out of the funds may only be made as payments issued by the commissioner of management and budget, upon abstracts signed by the executive director; provided that abstracts for investment may be signed by the executive director of the State Board of Investment.
(254-27) 1931 c 307 s 5; 1959 c 650 s 58; 1971 c 106 s 12; 1974 c 229 s 10; 1975 c 102 s 6; 1986 c 444; 2003 c 112 art 2 s 50; 2009 c 101 art 2 s 109; 2010 c 359 art 11 s 5; 2015 c 68 art 14 s 5; 1Sp2019 c 10 art 3 s 34

Structure Minnesota Statutes

Minnesota Statutes

Chapters 352 - 356B — Retirement

Chapter 353 — Public Employees Retirement Association

Section 353.01 — Definitions.

Section 353.012 — University Of Minnesota Employees; Furlough Service And Salary Credit.

Section 353.014 — Federally Protected Military Leave.

Section 353.0141 — Other Military Leave.

Section 353.0162 — Salary Credit Purchase For Periods Of Reduced Salary.

Section 353.017 — Employees Of Labor Organizations.

Section 353.028 — City Managers; Election; Deferred Compensation.

Section 353.03 — Board Of Trustees.

Section 353.031 — Disability Determination Procedures.

Section 353.05 — Custodian Of Funds.

Section 353.06 — State Board Of Investment To Invest Funds.

Section 353.08 — Legal Adviser, Attorney General; Venue.

Section 353.14 — Benefits From Other Funds.

Section 353.15 — Nonassignability And Exemption From Judicial Process.

Section 353.16 — Audit Of Books And Accounts; Insurance Laws Not Applicable.

Section 353.18 — Rules.

Section 353.19 — Penalties For False Information.

Section 353.27 — General Employees Retirement Fund.

Section 353.28 — Financing Of Employer Contributions.

Section 353.29 — Retirement Annuity Upon Termination Of Membership.

Section 353.30 — Annuities Upon Retirement.

Section 353.31 — Survivor Benefits.

Section 353.32 — Refunds After Death Of Member Or Former Member.

Section 353.33 — Total And Permanent Disability Benefits.

Section 353.335 — Disabilitant Earnings Reports.

Section 353.34 — Rights Upon Termination Of Membership.

Section 353.35 — Consequences Of Refund; Repayment, Rights Restored.

Section 353.37 — Reemployment Of Annuitant.

Section 353.371 — Postretirement Option.

Section 353.46 — Savings Clauses.

Section 353.50 — Merf Consolidation Account; Establishment And Operation.

Section 353.505 — State Contributions; Former Merf Division.

Section 353.63 — Policy.

Section 353.64 — Membership; Qualifications; Police Officer, Firefighter.

Section 353.65 — Contributions.

Section 353.651 — Retirement Annuity Upon Separation From Public Service.

Section 353.6511 — Alternative Retirement Benefit Coverage In Certain Instances.

Section 353.6512 — Alternative Retirement Benefit Coverage In Certain Instances.

Section 353.652 — Social Security Benefit Offset.

Section 353.656 — Disability Benefits.

Section 353.657 — Survivor Benefits.

Section 353.659 — Local Relief Association Consolidation Account Benefits.

Section 353.665 — Merger Of Certain Consolidation Accounts Into Pera-p&f.

Section 353.666 — Past Service Credit For Certain Members Extended Coverage.

Section 353.67 — Application For Annuity.

Section 353.68 — Scope And Application.

Section 353.855 — Coverage By The Public Employees Retirement Association.

Section 353.86 — Volunteer Ambulance Service Personnel; Participation; Election; Limitation; And Compensation.

Section 353.87 — Volunteer Firefighters; Participation; Limitation; And Refund.

Section 353.95 — Account For Duluth Postemployment Benefits.