2016 Minnesota Statutes
Chapters 352 - 356B — RETIREMENT
Chapter 356 — RETIREMENT SYSTEMS, GENERALLY
Section 356.646 — PLAN PARTICIPANT INVESTMENT RESPONSIBILITY.
Subdivision 1. Member investment responsibility. The state, State Board of Investment and its executive director and staff, plan administrators and their staff, and participating public employers are not liable and are not responsible for any investment losses due to choices made by participants or due to qualified default investment alternatives.
Subd. 2. Application. This section applies to the:
(1) Minnesota state deferred compensation plan, established under section 352.965;
(2) health care savings plan, established under section 352.98;
(3) unclassified employees retirement program, established under chapter 352D;
(4) public employees defined contribution plan, established under chapter 353D;
(5) individual retirement account plan, established under chapter 354B;
(6) higher education supplemental retirement plan, established under chapter 354C; and
(7) Arts Board and Humanities Commission individual retirement account plan, established under chapter 354D.
History: 2014 c 296 art 13 s 22
Disclaimer: These codes may not be the most recent version. Minnesota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
