8-37-218 - Payment of additional contributions Members employed by political subdivisions.
8-37-218. Payment of additional contributions Members employed by political subdivisions.
(a) Any Group 2 member who elected to come under the provisions of § 8-36-201(b)(2)(A) and who continues in service after age fifty-five (55) and after completion of twenty-five (25) years of creditable service shall be paid the additional contributions made by such member under § 8-36-201(b)(2) within ninety (90) days after the member's filing with the retirement division a written request therefor. Any Group 2 member filing such a request shall cease to make and have deducted from such member's compensation the additional contributions required under § 8-36-201(b)(2).
(b) The provisions of this section shall not apply to any member whose Group 2 service was rendered to a political subdivision unless the governing body of such political subdivision passes a resolution authorizing the return of contributions pursuant to this section.
[Acts 1991, ch. 32, § 1.]