Skip to main content
Find a Lawyer

Minnesota Statutes Retirement (Ch. 352-356B) § 356.59. Interest rates

Current as of January 01, 2025 | Updated by Findlaw Staff

Subdivision 1. Applicable interest rates. Whenever the payment of interest is required with respect to any payment, including refunds, remittances, shortages, contributions, or repayments, the rate of interest is the rate or rates specified in subdivisions 2 to 5 for each public retirement plan.

Subd. 2. Minnesota State Retirement System. The interest rates for all retirement plans administered by the Minnesota State Retirement System are as follows:

Annual

Monthly

before July 1, 2015

8.5 percent

0.71 percent

from July 1, 2015, to June 30, 2018

8.0 percent

0.667 percent

from July 1, 2018, to June 30, 2023

7.5 percent

0.625 percent

after June 30, 2023

7.0 percent

0.583 percent

Subd. 3. Public Employees Retirement Association. The interest rates for all retirement plans administered by the Public Employees Retirement Association are as follows:

before July 1, 2015

8.5 percent

from July 1, 2015, to June 30, 2018

8.0 percent

from July 1, 2018, to June 30, 2023

7.5 percent

after June 30, 2023

7.0 percent

Subd. 4. Teachers Retirement Association. The interest rates for the retirement plan administered by the Teachers Retirement Association are as follows:

Annual

Monthly

before July 1, 2018

8.5 percent

0.71 percent

from July 1, 2018, to June 30, 2023

7.5 percent

0.625 percent

after June 30, 2023

7.0 percent

0.583 percent

Subd. 5. St. Paul Teachers Retirement Fund Association. The interest rates for the retirement plan administered by the St. Paul Teachers Retirement Fund Association are as follows:

Annual

Monthly

before July 1, 2015

8.5 percent

0.71 percent

from July 1, 2015, to June 30, 2018

8.0 percent

0.667 percent

from July 1, 2018, to June 30, 2023

7.5 percent

0.625 percent

after June 30, 2023

7.0 percent

0.583 percent
Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Minnesota Statutes Retirement (Ch. 352-356B) § 356.59. Interest rates - last updated January 01, 2025 | https://codes.findlaw.com/mn/retirement-ch-352-356b/mn-st-sect-356-59/

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.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard