Section 352.92 Correctional Employee Contributions - Minnesota Statutes

352.92 CORRECTIONAL EMPLOYEE CONTRIBUTIONS.

Subdivision 1.Employee contributions.

(a) Employee contributions of covered correctional employees must be in an amount equal to the following percent of salary:

	before July 1, 2007	5.69
	from July 1, 2007, to June 30, 2008	6.40
	from July 1, 2008, to June 30, 2009	7.00
	from July 1, 2009, to June 30, 2010	7.70
	from July 1, 2010, and thereafter	8.60.

(b) These contributions must be made by deduction from salary as provided in section 352.04, subdivision 4.

Subd. 2.Employer contributions.

The employer shall contribute for covered correctional employees an amount equal to the following percent of salary:

	before July 1, 2007	7.98
	from July 1, 2007, to June 30, 2008	9.10
	from July 1, 2008, to June 30, 2009	10.10
	from July 1, 2009, to June 30, 2010	11.10
	from July 1, 2010, and thereafter	12.10.

Subd. 3.Plan administration.

The Minnesota State Retirement System shall administer the correctional employees retirement plan established by sections 352.90 to 352.951 in accordance with this chapter and chapters 356 and 356A.

History:

1973 c 653 s 41; 3Sp1981 c 2 art 1 s 66,67; 1982 c 641 art 1 s 11,12; 1984 c 564 s 13; 1987 c 229 art 6 s 1; 1989 c 319 art 8 s 11; 1990 c 591 art 2 s 3; 1996 c 408 art 8 s 18; 1997 c 233 art 1 s 21,22; 1999 c 222 art 13 s 3,4; 2006 c 271 art 1 s 4,5