State Employees’ Retirement Commission | 5-158b-1 to 5-158b-4 - Payment of Retirement Contributions by Employees Who Elect Plan "C"

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Regulations of Connecticut State Agencies TITLE 5. State Employees

Agency State Employees’ Retirement Commission

Subject Payment of Retirement Contributions by Employees Who Elect Plan “C”

Inclusive Sections §§ 5-158b-1—5-158b-4

CONTENTS

Sec. 5-158b-1. Payroll deductions Sec. 5-158b-2. Death of employee prior to completion of deductions Sec. 5-158b-3. Status of employee prior to completion of payments Sec. 5-158b-4. Application to become a Part A member

Revised: 2015-3-6 R.C.S.A. §§ 5-158b-1—5-158b-4 - I -

Regulations of Connecticut State Agencies TITLE 5. State Employees

State Employees’ Retirement Commission §5-158b-4

Payment of Retirement Contributions by Employees Who Elect Plan “C”

Sec. 5-158b-1. Payroll deductions If an amount payable by a state employee to the state employees’ retirement system under

the provisions of section 5-158b or 5-158c of the 1969 supplement to the general statutes is equal to or in excess of two hundred dollars, and if the employee so elects in writing to the state employees’ retirement commission, such amount may be paid by equal deductions from each regular payment of salary or wages provided each such payroll deduction shall be at least ten dollars and the total contributions due shall be paid over a period not to exceed thirty-six months. (Effective October 5, 1971)

Sec. 5-158b-2. Death of employee prior to completion of deductions If an employee who has made the election provided under section 5-158b-1 dies before

completion of the deductions under such election, and if he has in effect a husband and wife option as provided by section 5-165 of the general statutes which has been approved by the retirment commission, his spouse may complete, within ninety days from the death of the employee, the payment of the amount due. Upon such completion, such spouse shall be entitled to the same retirement salary, commencing at the death of the employee, as if the state had not made contributions on the salary of the employee under the social security agreement. (Effective October 22, 1968)

Sec. 5-158b-3. Status of employee prior to completion of payments For the purpose of section 5-158g of the 1969 supplement to the general statutes, a state

employee shall not be deemed to have elected to contribute to both social security and full part A of the state employees retirement system until he has completed the payments required by section 5-158b or 5-158c, as the case may be, either by payment in one sum or in the manner provided by section 5-158b-1. Until he has so completed payments, he shall not be allowed to cancel or reduce an option providing for his spouse, except as provided in section 5-165-1 of these regulations. (Effective October 22, 1968)

Sec. 5-158b-4. Application to become a Part A member A state employee who has obligated himself to convert from Plan B to Plan C and who

has received an invoice showing the conversion cost must pay such conversion cost in a lump sum payment within 60 days of the mailing of such invoice by the retirement division. If at the end of this 60 days the employee has not made lump sum payment, the agency payroll clerk will, without further authorization or notification, begin payroll deductions based on the invoiced conversion cost, unless the employee has already initiated payroll deductions for such amounts. Full payment of the cost of converting to Plan C must be

Revised: 2015-3-6 R.C.S.A. §§ 5-158b-1—5-158b-4 - 1 -

Regulations of Connecticut State Agencies TITLE 5. State Employees

§5-158b-4 State Employees’ Retirement Commission

completed prior to the effective date of retirement. (Effective November 5, 1975)

R.C.S.A. §§ 5-158b-1—5-158b-4 Revised: 2015-3-6 - 2 -