§ 36-9-26 - Credits for layoffs.
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 paymay purchase up to one years' credit for retirement purposes; provided themember did not withdraw his or her retirement contributions while on layoff,and returns to active membership; provided, further, that the member purchasesthat credit upon his or her return to service from the layoff and pays into theretirement system the full actuarial cost as defined in subsection 36-8-1(9).
(b) The retirement board shall fix and determine rules andregulations to govern the provisions of this section.