The Public Employees Retirement Association shall adopt rules necessary for administration of the plan. The proposed plan shall be formulated and adopted in accordance with applicable restrictions and standards of the Internal Revenue Code and rulings and regulations of the Internal Revenue Service in order to assure the tax-exempt status of the plan as a qualified pension plan. Contributions may be accepted only after approval by the Internal Revenue Service.
1987 c 372 art 5 s 9; 1990 c 570 art 8 s 11
Structure Minnesota Statutes
Chapters 352 - 356B — Retirement
Chapter 353D — Public Employees Defined Contribution Plan
Section 353D.01 — Public Employees Defined Contribution Plan.
Section 353D.02 — Election Of Coverage.
Section 353D.03 — Funding Of Plan.
Section 353D.04 — Contributions And Deductions In Error.
Section 353D.05 — Investment Of Funds.
Section 353D.071 — Federal Compliance.
Section 353D.08 — Portability.