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Session Laws, 1962
Volume 651, Page 371   View pdf image (33K)
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J. MILLARD TAWES, Governor 371

class of officials elected or appointed for fixed terms; or with any
desk officer or employee of either house of the General Assembly
who receives an annual salary as his compensation for such employ-
ment, who shall be deemed to be an appointed official within the
application of this subsection. All officials elected or appointed for
fixed terms on or after July 1, 1957, may become members of the
system upon making application therefor at any time after their
election or appointment and before the expiration of their respective
terms. All such officials shall be entitled to credit for [prior]
previous service rendered by them to the State, or [its political
subdivisions'] a participating municipal corporation, including ser-
vice rendered prior to the establishment of the Employees' Re-
tirement System. If any such official is entitled to a pension under
the provisions of any other law, such official shall be deemed to
have waived the benefits thereof by accepting the payment of benefits
under this article. Upon receiving a claim for such service credit
from the official, the Board of Trustees of the Retirement System
shall verify the fact of such previous employment and the creditable
service to which the member is entitled, compute the amount due
from such political subdivision for which credit is claimed, and
submit a statement to the participating municipal corporation for
such amount, such computation to be based upon the compensation
actually received by the official from the municipal corporation dur-
ing the period for which service is to be credited. The participating
municipal corporation is authorized and directed forthwith to pay
the said amount to the retirement system, or to place it in the next
ensuing budget for prompt payment when that budget becomes
effective. The Board of Trustees is authorized and directed to in-
clude any amount due from the State in the appropriation allowed
by the next ensuing State budget.

Any such official who receives membership service credit for
service rendered to the State or to a participating municipal cor-
poration under the provisions of this sub-section shall pay to the
retirement system by single payment, within such period of time
as may be determined by the Board of Trustees, the contributions,
with interest, which he would have paid had he been a member of
the retirement system but withdrew. Provided, however, that any
such member may waive the payment of any or all such contribu-
tions, in which case upon retirement any ordinary disability re-
tirement allowance or any allowance due to non-reappointment or
non-reelection to any office payable to such an official, shall be
reduced by the actuarial equivalent of those contributions which
he had not paid, with interest to date of retirement.

The total retirement allowance that would have been payable to
the beneficiary had he not waived his contributions shall be used
as the basis for the determination of any supplemental payment
under the provisions of Section 14 (7) of this article.

Provided further that any desk officer or employee of either House
of the General Assembly, who was receiving an annual salary as
compensation for such employment as of February 1, 1961, and
who previously served as a desk officer or employee of either House
of the General Assembly and received per diem compensation for
such previous service, shall be entitled to prior service credit equal


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Session Laws, 1962
Volume 651, Page 371   View pdf image (33K)
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