§ 5 §18362 — Teachers in private, parochial and other schools

1.
Parochial school or public or private academy.
A member who taught in a parochial school or in a public or private academy may purchase up to 10 years of service credit for that service under the following conditions.
1-A.
Alternative.
In the determination of the retirement benefit under this Part, if service credit for private or parochial school teaching is not allowed under subsection 1 based upon the member not meeting the requirements of subsection 1, paragraph B or D, additional service credit for private or parochial school teaching is allowed for any member who meets the requirements of subsection 1, paragraphs A and E, if the member, before any retirement benefit becomes effective for that member, pays into the Members' Contribution Fund by a single direct payment or annual direct payments to the Participating Local District Retirement Program an amount that, together with regular interest on that amount, is the actuarial equivalent at the effective date of the retirement benefit of the portion of the retirement benefit based on the additional creditable service.
2.
Other schools and programs.
A member who terminates service in the State and teaches under the Volunteers in Service to America Program, the Fulbright Exchange Program or the Peace Corps, foreign or domestic, or teaches children of United States Foreign Corps personnel outside the continental limits of the United States is entitled to service credit for that service under the following conditions.

Legislative History

PL 1989, c. 78, §4 (NEW). PL 1989, c. 700, §A27 (AMD). PL 1989, c. 710, §§21,22 (AMD). PL 1991, c. 558, §2 (AMD). PL 1993, c. 387, §A19 (AMD). PL 2007, c. 491, §§231-234 (AMD).