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Current as of January 01, 2025 | Updated by Findlaw Staff
(a) Notwithstanding any law to the contrary, all annuities and benefits payable by a covered retirement fund, as defined insection 356.30, subdivision 3, must be paid in advance for each month during the first week of that month.
(b) In no event, however, may this section authorize the payment of both a retirement annuity and a surviving spouse's benefit in one month where the law governing the applicable retirement fund provides for the payment of the retired member's retirement annuity to the surviving spouse for the month in which the retired member dies.
Cite this article: FindLaw.com - Minnesota Statutes Retirement (Ch. 352-356B) § 356.40. Date for payment of annuities and benefits - last updated January 01, 2025 | https://codes.findlaw.com/mn/retirement-ch-352-356b/mn-st-sect-356-40/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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