Source: https://www.revisor.mn.gov/statutes/2015/cite/356.20
Timestamp: 2020-08-13 12:17:59
Document Index: 737569961

Matched Legal Cases: ['art 1', 'art 3', 'art 3', 'art 1', 'art 2', 'art 11', 'art 3', 'art 3', 'art 3', 'art 10', 'art 9', 'art 12', 'art 2', 'art 5', 'art 6']

(6) the University of Minnesota faculty retirement plan;
(7) the University of Minnesota faculty supplemental retirement plan;
(8) the judges retirement fund;
(9) the Bloomington Fire Department Relief Association;
(10) a volunteer firefighter relief association governed by section 424A.091;
(11) the public employees police and fire plan of the Public Employees Retirement Association;
(12) the correctional state employees retirement plan of the Minnesota State Retirement System;
(13) the local government correctional service retirement plan of the Public Employees Retirement Association; and
(14) the voluntary statewide lump-sum volunteer firefighter retirement plan.
(b) The report must include a statement that the actuarial valuation calculations prepared by the actuary retained under section 356.214 or by the actuary retained by the retirement fund or plan, whichever applies, comply with applicable actuarial requirements enumerated in section 356.215, and specified in the most recent standards for actuarial work adopted by the Legislative Commission on Pensions and Retirement. The actuarial value of assets, the actuarial accrued liabilities, and the unfunded actuarial accrued liability of the fund or plan must be disclosed. The report must contain a certification by the actuary retained under section 356.214 or the actuary retained by the fund or plan, whichever applies, specifying that normal cost and the actuarial accrued liabilities for all benefits are computed in accordance with the entry age actuarial cost method and in accordance with the most recent applicable standards for actuarial work adopted by the Legislative Commission on Pensions and Retirement.
1965 c 359 s 1; 1969 c 249 s 1; 1971 c 7 s 1-3; 1971 c 197 s 4; 1971 c 281 s 1,2; 1975 c 192 s 1,2; 1978 c 563 s 6-8; 1979 c 50 s 49; 1981 c 37 s 2; 1981 c 224 s 168; 1981 c 298 s 11; 1984 c 564 s 42; 1Sp1985 c 7 s 26; 1986 c 359 s 26; 1987 c 259 s 52-54; 1987 c 372 art 1 s 19; 1991 c 269 art 3 s 2; 1995 c 141 art 3 s 20; 1997 c 233 art 1 s 56; 1999 c 222 art 2 s 16; 2002 c 392 art 11 s 2-6; 1Sp2005 c 8 art 3 s 6; 2006 c 271 art 3 s 47; 2006 c 277 art 3 s 31; 2008 c 349 art 10 s 2-6; 2009 c 169 art 9 s 26; 2010 c 359 art 12 s 23; 2013 c 111 art 2 s 24; art 5 s 60,80; 2014 c 296 art 6 s 32,49