|
|
|
|
|
|
|
|
|
|
|
|
RESOLUTION
|
|
|
|
|
|
|
(c) Effect of transfer of creditable service. A member who is eligible to transfer creditable
service to another State system and who makes the election to transfer shall withdraw the
member's accumulated contributions.
21. Miscellaneous Provisions.
(a) Receipt of retirement allowance from another State system. A retiree who is receiving
a retirement allowance from another State system may receive a retirement allowance from the
Legislative Pension Plan if the years of service in the Legislative Pension Plan do not overlap
with the years of service in the State system.
(b) Average final compensation. As of January 8, 1975, the annual salary payable to a
member while serving as a legislator may not be added to the earnable compensation payable by
the State or a political subdivision of the State to determine the member's average final
compensation in a State system in which the member participates.
(c) Applicability. Except as otherwise provided herein, this Item 3A (including the
calculation for the retirement allowance and the survivor's allowance) applies to:
(1) A legislator who elects to join the pension plan during the legislator's term of
office;
(2) A former legislator who:
(a) elected to join the Legislative Pension Plan during the legislator's term
of office;
(b) has not withdrawn the member's accumulated contributions; and
(c) is not currently receiving a retirement allowance; and
(3) A retiree.
Item 3B
Former legislators regularly receiving a retirement allowance may participate in benefit
programs available to retired State employees, including health programs, deferred compensation
programs, and credit union services. Former legislators receiving a retirement allowance who
have at least eight (8) years' service shall qualify for a State health program subsidy equal to
one-sixteenth (1/16) of the full State subsidy for each year of service. Should additional benefit
programs be authorized for retired State employees, such benefits may be made available to
retired legislators with the approval of the presiding officers. Participation in these programs
shall be in the same manner as the participation of retired State employees.
|
|
|
|
|
|
|
|
4975
|
|
|
|
|
|
|
|
|
|
|
|
|
|