Minn. Stat. § 353G.114

Current through 2024, c. 127
Section 353G.114 - ANCILLARY BENEFITS AND SUPPLEMENTAL BENEFITS
(a) Except as provided under paragraph (b) and sections 353G.115 and 353G.12, no disability, death, funeral, or other ancillary benefit beyond a retirement benefit is payable from the lump-sum division of the defined benefit plan or the defined contribution plan.
(b) Any member or survivor of a deceased member who receives a lump-sum distribution of the member's retirement benefit from the lump-sum division of the defined benefit plan or the defined contribution plan is entitled to a supplemental benefit under section 424A.10.

Minn. Stat. § 353G.114

Added by 2024 Minn. Laws, ch. 102,s 3-39, eff. 1/1/2025.