If a retiree from a coordinated program who has elected a period certain and for life thereafter or a guaranteed refund optional annuity form dies without having a designated beneficiary who has survived the retiree, any remaining unpaid guaranteed annuity payments shall be computed at the rate of interest specified in section 356.215, subdivision 8, and paid in one lump sum to the estate of the retiree. If a retiree from a coordinated program who has elected a period certain and for life or a guaranteed refund optional annuity form dies with a designated beneficiary who has survived the retiree but the designated beneficiary dies without there existing another designated beneficiary, any remaining unpaid guaranteed annuity payments shall be computed with interest at the applicable annual rate or rates specified in section 356.59, subdivision 5, and paid in one lump sum to the estate of the designated beneficiary.
1979 c 217 s 19; 1Sp1985 c 7 s 35; 2002 c 392 art 11 s 52; 2018 c 211 art 6 s 34
Structure Minnesota Statutes
Chapters 352 - 356B — Retirement
Chapter 354A — Teachers Retirement, St. Paul
Section 354A.011 — Definitions.
Section 354A.021 — Teachers Retirement Fund Association In St. Paul.
Section 354A.05 — Membership In A Teachers Retirement Association In St. Paul.
Section 354A.08 — Authorized Investments.
Section 354A.09 — Pro Rata Distribution Of Funds.
Section 354A.091 — Teachers On Extended Leave.
Section 354A.092 — Sabbatical Leave.
Section 354A.093 — Break In Service To Provide Uniformed Service.
Section 354A.094 — Qualified Part-time Teachers; Participation In Fund.
Section 354A.095 — Parental And Maternity Leave.
Section 354A.096 — Medical Leave.
Section 354A.0961 — Service Credit Purchase For Teaching Service In Other States.
Section 354A.11 — Certain Money And Credits Of Teachers Exempt.
Section 354A.12 — Contributions By Employee And Employer.
Section 354A.21 — Proportionate Annuity.
Section 354A.23 — St. Paul Teachers Retirement Fund Associations; Basic Programs.
Section 354A.29 — St. Paul Teachers Retirement Fund Association Postretirement Adjustment.
Section 354A.30 — St. Paul Teachers Retirement Fund Association; Coordinated Program.
Section 354A.31 — Coordinated Program Retirement Benefits.
Section 354A.32 — Optional Retirement Annuities.
Section 354A.33 — Social Security Leveling Adjustment Option.
Section 354A.35 — Survivor Benefits.
Section 354A.36 — Permanent Disability Benefits.
Section 354A.37 — Refunds; Deferred Annuity.
Section 354A.38 — Effect Of Refund; Repayment Of Refund.
Section 354A.40 — Computation Of Benefits With Partial Service As Coordinated Member.