Minnesota Session Laws - 1983, Regular Session

  

                         Laws of Minnesota 1983 

                        CHAPTER 100--H.F.No. 631
           An act relating to Hennepin county; authorizing 
          employees to withdraw from participation in the 
          Hennepin county supplemental retirement fund. 
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
    Section 1.  [WITHDRAWAL FROM PARTICIPATION.] 
    Notwithstanding Laws 1982, chapter 450, or any other law to 
the contrary, a Hennepin county employee currently participating 
in the Hennepin county supplemental retirement program pursuant 
to Laws 1982, chapter 450 may, within a period of 180 days after 
the effective date of this section, apply to the county to 
discontinue participation in the program.  Employees who are no 
longer participating in the program may apply for the redemption 
of all shares credited to their share account record.  A 
participant exercising the option provided by this section shall 
be ineligible for further participation in the supplemental 
retirement program.  
    Sec. 2.  [EFFECTIVE DATE.] 
    Section 1 is effective upon compliance with Minnesota 
Statutes, section 645.021.  
    Approved May 9, 1983