Employees of a county, municipality, political subdivision, or other participating entity that adopts a retirement plan or system may receive prior service benefits not to exceed five years to be funded entirely by the county, municipality, political subdivision, or other participating entity; but prior service benefits in excess of five years may be allowed if funded entirely by the employee.
Source: L. 87: Entire article added, p. 1087, § 2, effective July 1. L. 97: Entire section amended, p. 156, § 5, effective March 28. L. 2005: Entire section amended, p. 359, § 2, effective April 22.