§ 3 §802 — Creditable service

Creditable service for the purpose of determining benefits under this chapter shall be allowed as follows.
1.
Legislative service after December 2, 1986.
All legislative service of a member after December 2, 1986, for which contributions are made, shall be allowed as creditable service.
2.
Legislative service before December 3, 1986.
All service of a member as a Legislator before December 3, 1986 must be allowed as creditable service upon payment of contributions at that percentage rate required of members of the State Employee and Teacher Retirement Program during the period of time covered by the legislative service applied to the earnable compensation of the member, together with interest at a rate set by a rule of the board of trustees from the end of the calendar year in which the compensation was paid to the date payment of the contributions is made.
3.
Disability retirement.
The period following the termination of service for which a beneficiary receives disability retirement allowance payments under section 853 shall be allowed as membership service.
4.
State Employee and Teacher Retirement Program service.
Creditable service as a member of the State Employee and Teacher Retirement Program as a state employee must be allowed as creditable service of the Legislative Retirement Program as follows.
5.
Amount of service per year.
The board shall establish by rule the amount of creditable service to be granted for service rendered during a year, but in no case shall it allow more than one year of service for all service in one calendar year.

Legislative History

PL 1985, c. 507, §1 (NEW). PL 2007, c. 58, §3 (REV). PL 2007, c. 249, §3 (AMD). PL 2007, c. 491, §§19, 20 (AMD).