Minnesota Statutes 3A.13 – Exemption From Process and Taxation; Health Premium Deduction
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(a) The provisions of section 356.401 apply to the plans specified in this chapter.
Terms Used In Minnesota Statutes 3A.13
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- Person: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations. See Minnesota Statutes 645.44
- state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44
(b) The executive director of the Minnesota State Retirement System must, at the request of a retired legislator or constitutional officer who is enrolled in a health insurance plan covering state employees, deduct the person‘s health insurance premiums from the person’s annuity and transfer the amount of the premium to a health insurance carrier covering state employees.