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§36-9-26  Credits For Layoffs. –

Published: 2015

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Public Officers and Employees


Retirement System–Membership and Service Credits

SECTION 36-9-26

   § 36-9-26  Credits for layoffs. –

(a) Members who are laid off for any reason and are not on leave without pay

may purchase up to one years' credit for retirement purposes; provided the

member did not withdraw his or her retirement contributions while on layoff,

and returns to active membership; provided, further, that the member purchases

that credit upon his or her return to service from the layoff and pays into the

retirement system the full actuarial cost as defined in subsection 36-8-1(10).

   (b) The retirement board shall fix and determine rules and

regulations to govern the provisions of this section.

History of Section.

(P.L. 1983, ch. 313, § 1; P.L. 1988, ch. 520, § 1; P.L. 1989, ch.

474, § 1; P.L. 2009, ch. 68, art. 7, § 2; P.L. 2011, ch. 408, §

6; P.L. 2011, ch. 409, § 6.)