MN HF2483

Allows participants in Minnesota's public employees defined contribution plan to receive in-service distributions (withdrawals) at age 66 while continuing employment.

Permits termination of plan coverage at age 66 without terminating the employment that generated the coverage.

Specifies that termination of coverage under this provision is irrevocable, and participants cannot re-enroll in the defined contribution plan or other retirement plans except for 403(b), 457(b), or other authorized supplemental plans.

Requires participants to file a valid application on a form prescribed by the executive director before any benefit payment is made.

All sections are effective the day following final enactment.