Unless the content or subject matter indicates otherwise, as used in this chapter the terms in this section have the meanings given them.
"Board" means the Board of Trustees of the Minnesota State Colleges and Universities.
"Chancellor" means the chancellor of the board.
"Covered employment" means employment by an employee in the fiscal year in which the employee first attains eligible employee status, as determined under section 354B.211, subdivision 1, and thereafter all employment by that individual in an eligible unclassified administrative position as defined in subdivision 6 or in an eligible unclassified faculty position as defined in subdivision 6a.
"Eligible unclassified administrative position" means the following:
"Eligible unclassified faculty position" means employment by an employing unit in:
"Employing unit," if the agency employs any persons covered by the individual retirement account plan under section 354B.211, means:
MS 2018 [Repealed, 1Sp2019 c 8 art 5s 15]
"First class city teacher retirement fund association" means a retirement plan, fund, and plan administration established under chapter 354A.
"General state employees retirement plan" means the retirement plan administered by the Minnesota State Retirement System and governed by sections 352.01 to 352.27.
"Board of Trustees of the Minnesota State Colleges and Universities" means the governing board for the state universities, the community colleges, and the technical colleges established by section 136F.02.
"Participant" means a person who is employed in covered employment by the board and who elects coverage by the plan under section 354B.211.
"Plan" means the individual retirement account plan established by this chapter.
"Plan administrator" means the board employee or an independent contract agent designated by the board to perform the primary administrative functions relating to the plan.
"Sabbatical leave" means a sabbatical leave as specified in the applicable collective bargaining agreement or personnel policy of the board for its employees.
"State unclassified employees retirement program" means the retirement program established by chapter 352D.
"Supplemental plan" means the retirement program established by chapter 354C.
"Teachers retirement plan" means the retirement plan established by chapter 354.
"Unclaimed plan account amounts" means the accounts of any plan participant who has terminated employment by the Minnesota State Colleges and Universities System or who has died, or of the surviving spouse, beneficiary, or estate of the participant if the plan administrator is unable to locate the applicable recipient in accordance with Internal Revenue Service due diligence requirements.
Minn. Stat. § 354B.20
1995 c 141 art 4 s 8; 1995 c 212 art 3 s 59; art 4 s 64; 1996 c 305 art 1 s 139; 2004 c 267 art 1 s 6, 7; 2005 c 107 art 2 s 60; 2008 c 349 art 9 s 1