TITLE 22. PUBLIC EMPLOYEES RETIREMENT CODE
CHAPTER 22-200. MEMBERSHIP
§22-203. Membership after Reemployment.
(1) Reemployment on or after January 8,
1987.
(a) Except as provided in paragraph (b) of this subsection, all
separated employees who become reemployed by the City on or after January 8,
1987 become subject to the provisions of Plan A, Plan B, Plan L, or Plan
Y.
(b) The following employees shall remain subject to the provisions
of the plan covering them when they separated from service with the City unless
they elect, in writing, on forms provided by the Board, to transfer membership
to the applicable division covered by Plan A, Plan B, Plan L, or Plan Y
pursuant to § 22-205 (Optional Transfer of
Membership):
(.1) Employees who are receiving service or disability
retirement benefits under Plan D, Plan J or Plan X;
(.2) Employees who
are entitled to separation service retirement benefits under Plan D, Plan J or
Plan X; and
(.3) Employees who, upon separation from employment with
the City, when covered by Plan D, Plan J or Plan X, did not withdraw their
pension contributions.
(c) If a reemployed member
(.1) was
receiving service or disability retirement benefits; or
(.2) is
entitled to separation service retirement benefits; or
(.3) did not
withdraw the member's contributions upon separation from employment;
and,
(.4) was a member of Municipal Division New, Fire Division New,
Police Division New or the Elected Officials Division before reemployment which
division calculated service retirement benefits for years of credited service at
a rate higher than that used to calculate service retirement benefits in the
member's new division,
Then the member's service retirement
benefits for subsequent years of service shall be calculated and credited in
accordance with the provisions governing the member's new division while
service retirement benefits for prior years of service shall be calculated and
credited at the higher rate applicable to the member's former division in
the Retirement System.
(2) Purchase of credit for prior City service.
Any rehired employee who becomes a member of Plan A, Plan B, Plan L, or Plan Y
pursuant to § 22-203(1) (Membership After Reemployment) and who withdrew
contributions for prior service with the City may purchase credit for prior
service in the member's new plan, regardless of the retirement plan to
which the member had previously belonged. To purchase credit for prior service,
the rehired employee must pay the amount the member contributed or would have
contributed for credit if the member had been a member of Plan A, Plan B, Plan
L, or Plan Y during the member's prior employment, plus interest at the
assumed earnings rate for fund investments as determined by the Board from time
to time. Requirements for the purchase of credit are provided in § 22-803
(Purchase of Prior City Service).