§ 24-51-1711 — Contributions - refunds

(1) Refund upon termination. Upon
termination of employment, a contributing member or affiliate member, subject to
the portability provisions of section 24-51-1747, shall be entitled to a refund of the
total accumulated contribution balance as of the date of such termination refund.

(2) Request for refund for deferred members. Subject to the provisions of
portability in section 24-51-1747, a deferred member account shall be available for
refund unless a retirement benefit has commenced. The amount of the refund of
such deferred account shall include any accumulated contribution balance or
interest as of December 31, 2009, and interest accumulated thereafter, which shall
be in accordance with section 24-51-407 (5). The accumulation of contributions or
interest in the deferred account prior to December 31, 2009, shall be governed by
the DPS plan document.

Legislative History

Source: L. 2009: Entire part added, (SB 09-282), ch. 288, p. 1366, � 56, effective January 1, 2010.