Subdivision 1. Exemption; exceptions. (a) The provisions of section 356.401 apply to the teachers retirement plan.
(b) The right of a teacher to take advantage of the benefits provided by this chapter, is a personal right only and is not assignable. All money to the credit of a teacher's account in the fund or any money payable to the teacher from the fund belongs to the state of Minnesota until actually paid to the teacher or a beneficiary under this chapter.
(c) The association may acknowledge a properly completed power of attorney form.
Subd. 2. [Repealed, 1Sp2005 c 8 art 10 s 81]
Subd. 3. Payment to public bodies. If, in the judgment of the executive director, conditions so warrant, payment of an annuity, a retirement benefit, or a refund may be made to a public body in behalf of an annuitant, disabilitant, or survivor upon such terms as the executive director may prescribe.
Subd. 4. Changes in designated beneficiaries. (a) A beneficiary designated by a retiree or member under section 354.05, subdivision 22, may be changed or revoked by the retiree or member on a form provided by the executive director.
(b) A change or revocation made under this subdivision is valid only if the properly completed form is received by the association on or before the date of death of the retiree or the member.
(c) If a designated beneficiary dies before the retiree or member designating the beneficiary and a new beneficiary is not designated, the retiree's or member's estate is the beneficiary.
(2950-10) 1931 c 406 s 10; 1955 c 361 s 8; 1961 c 745 s 1; 1971 c 789 s 6; 1974 c 289 s 14; 1975 c 306 s 9; 1977 c 67 s 5; 1978 c 772 s 62; 1979 c 303 art 3 s 30; 1984 c 547 s 7; 1986 c 444; 1987 c 157 s 6; 1989 c 319 art 2 s 10; 1991 c 340 s 14-16; 1994 c 528 art 3 s 13,14; 1995 c 141 art 3 s 20; 1997 c 203 art 6 s 92; 1999 c 222 art 9 s 6; 2000 c 461 art 3 s 33; 2003 c 127 art 3 s 20; 1Sp2005 c 8 art 10 s 53-55
Structure Minnesota Statutes
Chapters 352 - 356B — Retirement
Chapter 354 — Teachers Retirement
Section 354.06 — Board Of Trustees; Membership; Duties.
Section 354.07 — Powers Of The Board.
Section 354.091 — Service Credit.
Section 354.092 — Sabbatical Leave.
Section 354.093 — Parental Leave.
Section 354.094 — Extended Leaves Of Absence.
Section 354.095 — Medical Leave.
Section 354.096 — Family Leave.
Section 354.10 — Funds Not Subject To Assignment Or Process; Beneficiaries.
Section 354.105 — Payments Using Pretax Transfers.
Section 354.35 — Optional Accelerated Retirement Annuity Before Normal Retirement Age.
Section 354.41 — Teachers Retirement Association, Eligibility For Membership.
Section 354.42 — Contributions By Employer And Employee.
Section 354.435 — Additional Contributions By Special School District No. 1 And City Of Minneapolis.
Section 354.44 — Retirement Benefits.
Section 354.444 — Return To Work Agreement.
Section 354.445 — No Annuity Reduction.
Section 354.45 — Optional Retirement Annuities; Unpaid Annuities, Disposition.
Section 354.46 — Payments After Death.
Section 354.47 — Payment After Death.
Section 354.471 — Account Termination; Restoration.
Section 354.48 — Permanent Disability Benefits.
Section 354.50 — Termination Of Service Credits.
Section 354.51 — Payments To Receive Credit For Prior Service; Shortages In Member Deductions.
Section 354.512 — Recovery Of Deficiencies.
Section 354.53 — Credit For Break In Service To Provide Uniformed Service.
Section 354.543 — Prior Or Uncredited Military Service Credit Purchase.
Section 354.544 — Service Credit Purchase For Teaching Service In Other States.
Section 354.55 — Options To Certain Members.
Section 354.64 — Effect Of Records.
Section 354.66 — Qualified Part-time Teachers; Membership In Association.
Section 354.69 — Information Supplied By District.
Section 354.70 — Consolidation Of Minneapolis Teachers Retirement Fund Association.
Section 354.72 — Authorized Leave Of Absence And Strike Period Service Credit Purchase Procedure.