Source: https://www.revisor.mn.gov/statutes/2015/cite/352D.04
Timestamp: 2020-03-31 08:09:22
Document Index: 304973955

Matched Legal Cases: ['art 8', 'art 1', 'art 7', 'art 13', 'art 13', 'art 13', 'art 2', 'art 4', 'art 4', 'art 1', 'art 18', 'art 2', 'art 2', 'art 1', 'art 1', 'art 14', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 2', 'art 18', 'art 1', 'art 4', 'art 2', 'art 13']

﻿ Sec. 352D.04 MN Statutes
Section 352D.04
352D.03 352D.05
2019 Subd. 2 Amended 2019 c 8 art 8 s 6
2019 Subd. 2 Amended 2019 c 50 art 1 s 108
2018 Subd. 2 Amended 2018 c 211 art 7 s 8
2014 Subd. 1 Repealed 2014 c 296 art 13 s 28
2014 Subd. 1a New 2014 c 296 art 13 s 9
2014 Subd. 1b New 2014 c 296 art 13 s 10
2013 Subd. 2 Amended 2013 c 111 art 2 s 23
2010 Subd. 1 Amended 2010 c 359 art 4 s 9
2010 Subd. 2 Amended 2010 c 359 art 4 s 10
2006 Subd. 2 Amended 2006 c 271 art 1 s 8
2000 Subd. 2 Amended 2000 c 461 art 18 s 2
1997 Subd. 1 Amended 1997 c 233 art 2 s 5
1997 Subd. 2 Amended 1997 c 233 art 2 s 6
1994 Subd. 1 Amended 1994 c 604 art 1 s 12
1994 Subd. 2 Amended 1994 c 528 art 1 s 12
Subd. 1a.State Board of Investment selection of investment products.
As specified in section 356.645, the State Board of Investment shall select investment products to be available to participants in the retirement program provided by this chapter.
Subd. 1b.Participant selection of investments.
(a) A program participant may elect to participate in one or more of the investment products made available under the program by specifying the percentage of the participant's contributions under subdivision 2 to be used to purchase shares in the applicable products.
(b) Before making an allocation election, or if the participant fails to specify an allocation, the executive director shall, on behalf of that participant, purchase shares in a default investment alternative. The investment alternative must be specified by the Minnesota State Retirement System Board from the available investment options authorized under subdivision 1a.
(d) Any investment allocation selection authorized under this subdivision, whether relating to subsequent purchases of new shares or reallocating the existing portfolio, must be conducted at times and under procedures prescribed by the executive director. Any allocation or allocation revisions are effective at the end of the most recent United States investment market day, unless subject to trading restrictions imposed on certain investment options.
(b) The employee contribution is an amount equal to the percent of salary specified in section 352.04, subdivision 2, or 352.045, subdivision 3a.
1971 c 604 s 4; 1973 c 624 s 5; 1974 c 152 s 13; 1980 c 607 art 14 s 38; 1981 c 224 s 70; 3Sp1981 c 2 art 1 s 68; 1983 c 128 s 34; 1986 c 356 s 9; 1986 c 444; 1988 c 453 s 10; 1989 c 319 art 1 s 13; 1992 c 539 s 11; 1993 c 307 art 1 s 35; 1994 c 528 art 1 s 12; 1994 c 604 art 1 s 12; 1997 c 233 art 2 s 5,6; 2000 c 461 art 18 s 2; 2006 c 271 art 1 s 8,9; 2010 c 359 art 4 s 9,10; 2013 c 111 art 2 s 23; 2014 c 296 art 13 s 9,10