352D.015 DEFINITIONS.
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352D.015 DEFINITIONS.
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Subdivision 1. General.
As used in this chapter, unless the context or subject matter indicates otherwise, the following terms shall have the meanings given.
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Subd. 2. Unclassified program.
"Unclassified program" means the program established by this chapter.
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Subd. 3. Supplemental investment fund.
"Supplemental investment fund" means the fund established and governed by section 11A.17 .
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Subd. 4. General fund.
"General fund" means the general state employees retirement fund under chapter 352.
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Subd. 4a. General employees retirement plan.
"General employees retirement plan" means the general state employees retirement plan under chapter 352.
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Subd. 5. Covered employment.
"Covered employment" means employment covered by this chapter or by chapter 352.
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Subd. 6. Employee shares.
"Employee shares" means shares in the supplemental fund purchased with the employee's contributions.
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Subd. 7. Employer shares.
"Employer shares" means shares in the supplemental fund purchased with the employer's contributions.
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Subd. 8. Total shares.
"Total shares" means all the employee shares and employer shares credited to a participant. Where applicable, the term "contributions" shall mean "shares."
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Subd. 9. Value.
"Value" means the market value of the account at the end of the United States investment market day.
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Subd. 10.
[Repealed, 1975 c 368 s 51 ]