TITLE 36
Public Officers and Employees
CHAPTER 36-9
Retirement SystemMembership and Service Credits
SECTION 36-9-26
§ 36-9-26 Credits for layoffs.
(a) Members who are laid off for any reason and are not on leave without pay
may purchase up to one years' credit for retirement purposes; provided the
member did not withdraw his or her retirement contributions while on layoff,
and returns to active membership; provided, further, that the member purchases
that credit upon his or her return to service from the layoff and pays into the
retirement system the full actuarial cost as defined in subsection 36-8-1(10).
(b) The retirement board shall fix and determine rules and
regulations to govern the provisions of this section.
History of Section.
(P.L. 1983, ch. 313, § 1; P.L. 1988, ch. 520, § 1; P.L. 1989, ch.
474, § 1; P.L. 2009, ch. 68, art. 7, § 2; P.L. 2011, ch. 408, §
6; P.L. 2011, ch. 409, § 6.)