If a current or past member is making a payment to the Teachers Retirement Association to receive service credit under a provision of this chapter, chapter 356, or applicable special law, and this payment is to be made by a transfer of pretax assets authorized under section 356.441, payment is authorized after the due date, but not to exceed 90 days, provided that the authorization for the asset transfer has been received by the applicable third-party administrator by the due date, and the payment must include interest at the applicable monthly rate or rates specified in section 356.59, subdivision 4, compounded annually, from the due date through the end of the month in which the Teachers Retirement Association receives the payment.
2007 c 134 art 2 s 36; 1Sp2019 c 8 art 8 s 10
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.