Current through Register Vol. 49, No. 8, August 19, 2024
Section 356.62 - PAYMENT OF EMPLOYEE CONTRIBUTIONSubd. 2. Pick up of employee contributions. (a) For purposes of any public pension or retirement plan, each employer shall pick up the employee contributions required under law or under the pension plan document for all salaries. The employer shall pick up these employee contributions by a reduction in the cash salary of the employee.(b) Employee contributions that are picked up must be treated for all purposes of the public pension or retirement plan in the same manner and to the same extent as employee contributions that were made before the date on which the employee contributions pick up began. The amount of the employee contributions that are picked up must be included in the salary upon which retirement coverage is credited and upon which retirement and survivor's benefits are determined. (c) The employing unit shall supply each employee and the commissioner of revenue with an information return indicating the amount of the employer's picked-up contributions for the calendar year that were not subject to withholding. This return must be provided to the employee not later than January 31 of the succeeding calendar year. The commissioner of revenue shall prescribe the form of the return and the provisions of section 289A.12 must apply to the extent not inconsistent with the provisions of this section. 3Sp1982 c 1 art 2 s 7; 1983 c 148 s 6; 1983 c 216 art 1 s 85; 1990 c 480 art 1 s 46; 1993 c 375 art 8 s 14; 2001 c 7 s 66; 2002 c 379 art 1 s 78; 2002 c 392 art 11 s 44; 2003 c 2 art 1 s 42; 2015 c 68 art 13 s 55
Amended by 2024 Minn. Laws, ch. 102,s 8-6, eff. 5/15/2024.Amended by 2015 Minn. Laws, ch. 68,s 13-55, eff. 7/1/2015.