|
|
|
|
|
|
|
|
|
|
|
|
|
ROBERT L. EHRLICH, JR, Governor Ch. 258
(3) IF AN INDIVIDUAL DOES NOT ELECT MEMBERSHIP DURING THE
APPLICABLE PERIOD SPECIFIED UNDER PARAGRAPH (1) OF THIS SUBSECTION, THE
INDIVIDUAL MAY NOT BECOME A MEMBER OF THE CORRECTIONAL OFFICERS'
RETIREMENT SYSTEM.
25-206.
(A) FOR MEMBERS WHO TRANSFER FROM A LOCAL PENSION SYSTEM, THE
LOCAL PENSION SYSTEM SHALL TRANSFER TO THE BOARD OF TRUSTEES THE
EMPLOYER CONTRIBUTIONS THAT WERE MADE TO THE LOCAL PENSION SYSTEM ON
BEHALF OF THOSE MEMBERS WHO TRANSFERRED, PLUS THE INTEREST EARNED ON
THOSE CONTRIBUTIONS THROUGH THE DATE OF TRANSFER
(B) THE BOARD OF TRUSTEES SHALL DEPOSIT ANY FUNDS TRANSFERRED
UNDER SUBSECTION (A) OF THIS SECTION IN THE ACCUMULATION FUND OF THE
CORRECTIONAL OFFICERS' RETIREMENT SYSTEM.
SUBTITLE 2B. PARTICIPATION IN THE CORRECTIONAL OFFICERS' RETIREMENT
SYSTEM.
31-2B-01.
(A) IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE MEANINGS
INDICATED.
(B) "EFFECTIVE DATE" MEANS THE DATE THAT AN ELIGIBLE GOVERNMENTAL
UNIT COMMENCED OR COMMENCES PARTICIPATION IN THE CORRECTIONAL
OFFICERS' RETIREMENT SYSTEM.
(C) "ELIGIBLE GOVERNMENTAL UNIT" MEANS A GOVERNMENTAL UNIT THAT
IS ELIGIBLE TO PARTICIPATE IN THE CORRECTIONAL OFFICERS' RETIREMENT
SYSTEM UNDER § 31-2B-02 OF THIS SUBTITLE.
(D) "LOCAL DETENTION CENTER OFFICER" MEANS AN INDIVIDUAL WHO
WORKS AS A DETENTION CENTER OFFICER FOR AN ELIGIBLE GOVERNMENTAL UNIT.
(E) (1) "LOCAL PENSION SYSTEM" MEANS A RETIREMENT OR PENSION
SYSTEM OF AN ELIGIBLE GOVERNMENTAL UNIT.
(2) "LOCAL PENSION SYSTEM" INCLUDES THE EMPLOYEES' RETIREMENT
SYSTEM AND THE EMPLOYEES' PENSION SYSTEM IF THE ELIGIBLE GOVERNMENTAL
UNIT PARTICIPATES UNDER SUBTITLE 1 OF THIS TITLE.
31-2B-02.
SUBJECT TO § 31-2B-03 OF THIS SUBTITLE, THE GOVERNMENTAL UNITS THAT
ARE ELIGIBLE TO PARTICIPATE IN THE CORRECTIONAL OFFICERS' RETIREMENT
SYSTEM ARE:
(1) COUNTIES; AND
(2) MUNICIPAL CORPORATIONS.
- 1503 -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
