Purchase of service credit relating to a refunded member contribution account and noncovered employment.

Checkout our iOS App for a better way to browser and research.

Purchases related to reemployment and noncovered employment for which payments are not complete prior to January 1, 2010, shall be governed by the DPS plan document. On January 1, 2010, service credit shall be credited to the member accounts to the extent of payments received, a new service credit purchase agreement shall be issued by the association using the previously existing lump-sum or installment payment amount, and future payments and service accruals shall be governed by part 5.

Source: L. 2009: Entire part added, (SB 09-282), ch. 288, p. 1364, § 56, effective January 1, 2010.


Download our app to see the most-to-date content.