Minnesota § 356.59 - INTEREST RATES
Full text of Minnesota Minnesota Statutes § 356.59 — INTEREST RATES, with citation guidance and answers to common questions.
§ 356.59. INTEREST RATES
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:
Subd. 3.Public Employees Retirement Association.
The interest rates for all retirement plans administered by the Public Employees Retirement Association are as follows:
Subd. 4.Teachers Retirement Association.
The interest rates for the retirement plan administered by the Teachers Retirement Association are as follows:
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:
History:
2018 c 211 art 6 s 39; 2023 c 45 art 1 s 2
Official Publication of the State of Minnesota
Revisor of Statutes
Frequently Asked Questions About Minnesota § 356.59
What does Minnesota Statutes § 356.59 cover?
Section 356.59 ("INTEREST RATES") is part of the Minnesota Statutes, the codified statutory law of Minnesota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Minnesota § 356.59?
A common citation format is "Minnesota Statutes § 356.59" (Minnesota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Minnesota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Minnesota official source linked on this page or consult a licensed Minnesota attorney.
How does Minnesota § 356.59 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Minnesota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Minnesota.