LD 2431
pg. 4
Page 3 of 5 An Act to Change the Retirement Eligibility Requirements for Certain Employees ... Page 5 of 5
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LR 3853
Item 1

 
repayment of an earlier refund of accumulated
contributions for service after June 30, 1998 for
employees identified in subsection 1, paragraphs A to H,
after December 31, 1999 for employees identified in
subsection 1, paragraphs I to K and after July 31, 2000
for employees identified in subsection 1, paragraph L in
any one or a combination of the capacities specified in
subsection 1, or purchased by other than the repayment of
a refund and eligibility to make the purchase of the
service credit, including, but not limited to, service
credit for military service, was achieved after June 30,
1998 for employees identified in subsection 1, paragraphs
A to H, after December 31, 1999 for employees identified
in subsection 1, paragraphs I to K and after July 31,
2000 for employees identified in subsection 1, paragraph
L must be computed under section 17852, subsection 1,
paragraph A.__If the member is qualified under subsection
2, paragraph B and:

 
(a)__Had 10 years of creditable service on July 1,
1993, the segment amount must be reduced in the
manner provided in section 17852, subsection 3,
paragraphs A and B for each year that the member's
age precedes 55 years of age; or

 
(b)__Had fewer than 10 years of creditable service
on July 1, 1993, the segment amount must be
reduced by 6% for each year that the member's age
precedes 55 years of age.

 
C.__The service retirement benefit of a member who is a
state police officer to whom subsection 1, paragraph D
applies and who qualifies for service retirement benefits
under subsection 2, paragraph B must be computed under
section 17852, subsection 1, paragraph A on the basis of all
of the member's creditable service in the capacity specified
in subsection 1, paragraph D regardless of whether the
creditable service was earned before, on or after July 1,
1998, except that:

 
(1)__If the member had 10 years of creditable service
on July 1, 1993, the benefit must be reduced as
provided in section 17852, subsection 4, paragraph C,
subparagraphs (1) and (2); or

 
(2)__If the member had fewer than 10 years of
creditable service on July 1, 1993, the benefit must be
reduced as provided in section 17852, subsection 4,
paragraph C-1.


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