Title Minnesota Statutes, Minnesota Statutes

187.07 RESPONSIBILITIES OF COVERED EMPLOYERS. § Subdivision 1.Requirement to enroll employees. (a) Each covered employer must enroll its covered employees in the program and withhold payroll deduction contributions from each covered employee's paycheck no later than 30 days after…

187.08 SECURE CHOICE RETIREMENT PROGRAM BOARD OF DIRECTORS. § Subdivision 1.Membership. The policy-making function of the program is vested in a board of directors consisting of seven members as follows: (1) the executive director of the Minnesota State Retirement System or the e…

187.09 FIDUCIARY DUTY; STANDARD OF CARE. (a) The members of the board, the executive director of the program, the executive director and members of the State Board of Investment, and any person who controls the disposition or investment of the assets of the Secure Choice trust: (…

187.10 NO STATE LIABILITY. The state has no liability for the payment of, the amount of, or losses to any benefit to any participant in the program. History: 2023 c 46 s 8

187.11 OTHER STATE AGENCIES TO PROVIDE ASSISTANCE. (a) The board may enter into intergovernmental agreements with the commissioner of revenue, the commissioner of labor and industry, the commissioner of employment and economic development, and any other state agency that the boar…

187.12 PENALTIES FOR NONCOMPLIANCE. § Subdivision 1.Failure to enroll covered employees or distribute information. (a) The board may assess penalties against a covered employer that fails to comply with section 187.07, subdivision 1 or 3 or both subdivisions 1 and 3, beginning wi…