HARRY HUGHES, Governor

173

INCLUDING SERVICE RENDERED BEFORE THE ESTABLISHMENT OF THIS
SYSTEM. ON RECEIVING A CLAIM FOR THIS SERVICE CREDIT FROM
THE OFFICIAL, THE BOARD OF TRUSTEES SHALL VERIFY HIS
PREVIOUS EMPLOYMENT AND THE CREDITABLE SERVICE TO WHICH THE
MEMBER IS ENTITLED, COMPUTE THE AMOUNT DUE FROM THE
POLITICAL SUBDIVISION FOR WHICH CREDIT IS CLAIMED, AND
SUBMIT A STATEMENT TO THE PARTICIPATING MUNICIPAL
CORPORATION FOR THE AMOUNT. THE COMPUTATION SHALL BE BASED
ON THE COMPENSATION ACTUALLY RECEIVED BY THE OFFICIAL FROM
THE MUNICIPAL CORPORATION DURING THE PERIOD FOR WHICH
SERVICE IS TO BE CREDITED. THE PARTICIPATING MUNICIPAL
CORPORATION IMMEDIATELY SHALL PAY THE AMOUNT TO THIS PENSION
SYSTEM OR PLACE IT IN THE NEXT BUDGET FOR PROMPT PAYMENT
WHEN THAT BUDGET BECOMES EFFECTIVE.

(B)   AN OFFICIAL WHO RECEIVES MEMBERSHIP SERVICE
CREDIT FOR SERVICE RENDERED TO THE STATE OR TO A
PARTICIPATING MUNICIPAL CORPORATION UNDER THIS SUBSECTION
SHALL PAY TO THIS PENSION SYSTEM BY SINGLE PAYMENT, WITHIN
THE PERIOD OF TIME DETERMINED BY THE BOARD OF TRUSTEES, THE
CONTRIBUTIONS, WITH INTEREST, THAT HE WOULD HAVE PAID HAD HE
BEEN A MEMBER OF THIS PENSION SYSTEM BUT WITHDREW. HOWEVER,
THE MEMBER MAY WAIVE THE PAYMENT OF ANY OF THESE
CONTRIBUTIONS, IN WHICH CASE WHEN HE RETIRES ANY SERVICE
RETIREMENT ALLOWANCE, ANY ORDINARY DISABILITY RETIREMENT
ALLOWANCE, OR ANY ALLOWANCE DUE TO NONREAPPOINTMENT OR
NONREELECTION TO ANY OFFICE THAT IS PAYABLE TO THE OFFICIAL,
SHALL BE REDUCED BY THE ACTUARIAL EQUIVALENT OF THOSE
CONTRIBUTIONS THAT HE HAD NOT PAID, WITH INTEREST TO DATE OF
HIS RETIREMENT.

(C)   ANY MEMBER OF THIS PENSION SYSTEM WHO HAD
SERVED PREVIOUSLY AS AN ELECTED OR APPOINTED OFFICIAL OF THE
STATE OR A PARTICIPATING MUNICIPALITY, IS ENTITLED TO
RECEIVE CREDIT FOR THE PERIOD OF THIS CREDITABLE SERVICE ON
MAKING IN A SINGLE PAYMENT, WITHIN THE PERIOD OF TIME AS
DETERMINED BY THE BOARD OF TRUSTEES, THE CONTRIBUTIONS, WITH
INTEREST, THAT THE BOARD CONSIDERS APPROPRIATE. IN THIS
SUBSECTION, CREDITABLE SERVICE INCLUDES SERVICE RENDERED
BEFORE THE DATE THIS PENSION SYSTEM IS ESTABLISHED, AND A
"YEAR OF SERVICE" MEANS A YEAR OR ANY PART OF A YEAR, IF THE
PART OF THE YEAR SERVED IS AT LEAST EQUAL TO THE NUMBER OF
DAYS OF THE REGULAR SESSION OF THE GENERAL ASSEMBLY FOR THAT
YEAR IN WHICH SERVICE CREDIT IS REQUESTED.

(D)   ON RETIREMENT, A SALARIED STATE EMPLOYEE,
JUDGE, LEGISLATOR, OR EXECUTIVE OFFICIAL MAY NOT RECEIVE
BENEFITS UNDER MORE THAN ONE PENSION SYSTEM FOR THE SAME
PERIOD OF SERVICE.

(4) IF A MEMBER TERMINATES HIS EMPLOYMENT HE CEASES
TO BE A MEMBER. IF A MEMBER IS ON LEAVE OF ABSENCE APPROVED
BY THE BOARD OF TRUSTEES OR IN THE MILITARY SERVICE WITHIN
THE PERIODS SPECIFIED IN ARTICLE 65, § 88 OF THE CODE HE
CONTINUES TO BE A MEMBER. IF AN EMPLOYEE'S MEMBERSHIP IN
THIS SYSTEM TERMINATES AND HE AGAIN BECOMES AN EMPLOYEE, HE
SHALL BE CONSIDERED A NEW EMPLOYEE FOR PURPOSES OF THIS
PENSION SYSTEM.