Minnesota Statutes 354B.22 – Irap Coverage in Addition to Social Security Coverage
Subdivision 1.Social Security coverage.
(a) Any employee of the board or other employing unit who elects coverage by this chapter is a member of the Teachers Retirement Association solely for purposes of coverage by the federal old age, survivors, disability and health insurance program, and is covered by the agreement made under section 355.02.
Terms Used In Minnesota Statutes 354B.22
- Board: means the Board of Trustees of the Minnesota State Colleges and Universities. See Minnesota Statutes 354B.20
- Eligible unclassified administrative position: means the following:
(1) the chancellor of the board;
(2) a president of a state college or university;
(3) an administrator employed in a state university or college, by the board, or by the Minnesota Office of Higher Education; or
(4) other managers and professionals in academic and academic support programs in the unclassified service employed in a state university or college, by the board, or by the Minnesota Office of Higher Education. See Minnesota Statutes 354B.20
- Eligible unclassified faculty position: means employment by an employing unit in:
(1) a classification under section 179A. See Minnesota Statutes 354B.20
- Entitlement: A Federal program or provision of law that requires payments to any person or unit of government that meets the eligibility criteria established by law. Entitlements constitute a binding obligation on the part of the Federal Government, and eligible recipients have legal recourse if the obligation is not fulfilled. Social Security and veterans' compensation and pensions are examples of entitlement programs.
- Person: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations. See Minnesota Statutes 645.44
- Plan: means the individual retirement account plan established by this chapter. See Minnesota Statutes 354B.20
(b) A person with federal Social Security coverage through Teachers Retirement Association membership under paragraph (a) is not a member of the Teachers Retirement Association for any other purpose while employed as a teacher by the board, and membership in the Teachers Retirement Association for this limited purpose conveys no rights or benefit entitlement under chapter 354.
Subd. 2.Public pension coverage as condition of employment.
Coverage by a public pension plan under section 354B.211 is a condition of initial employment or continued employment in an eligible unclassified faculty position or an eligible unclassified administrative position by the board or other employing unit.