LD 1836
pg. 5
Page 4 of 7 PUBLIC Law Chapter 693 Page 6 of 7
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LR 2648
Item 1

 
during that period; and the Persian Gulf War, August 7, 1990
to the date that the United States Government recognizes as
the end of the Persian Gulf War.

 
4.__Members qualified for credit at subsidized cost.__A member
qualified under subsection 3 to purchase service credit at the
cost set forth in this subsection is entitled to service credit
upon payment of back contributions under section 17713,
subsection 2.__Upon complete payment of back contributions, the
member must be granted service credit for the period of time for
which payment is made.__Upon making partial payment, the member
must be granted service credit on a pro rata basis in accordance
with rules adopted by the board.

 
5.__Members qualified for credit at actuarial cost.__A member
qualified under subsection 3 to purchase service credit at the
cost set forth in this subsection is entitled to service credit
if the member pays into the Members' Contribution Fund 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.

 
A.__Payment must be made before any retirement benefit
becomes effective for that member.

 
B.__Payment may be made to the retirement system by a single
direct payment or by annual direct payments in accordance
with section 17701, subsection 4.

 
C.__A person who purchases service credit under this
subsection and who subsequently, without inclusion of the
purchased service credit and prior to retirement, becomes
qualified for service credit at the cost set forth in
subsection 4 is entitled to purchase the service credit
under section 17713, subsection 2 and to receive a refund of
the amount paid under this subsection that exceeds the cost
to purchase the service credit under section 17713.__A
person who would have been qualified to purchase service
credit under subsection 4 prior to retirement if a timely
appropriation had been made under subsection 6 is entitled
to a refund under this subsection even if the person becomes
qualified after retirement.

 
6.__Cost subsidy for certain award recipients; annual report.__
A recipient of an award described in subsection 3, paragraph A,
subparagraph (3) may purchase service credit at a subsidized cost
under subsection 4 only if the retirement system has received an
appropriation of the difference between the


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