There is a newer version of the Connecticut General Statutes
2009 Connecticut Code
Title 7 Municipalities
Chapter 113 Municipal Employees
Sec. 7-442a. Transfer of retirement credit between municipalities.
Sec. 7-442a. Transfer of retirement credit between municipalities. Any municipal employee who is a member of the Municipal Employees' Retirement Fund and who
accepts employment with another municipality in a department which, on the date he
commences employment participates or, within two years thereafter, elects to participate
in said fund shall be credited for retirement purposes with his entire period of service,
as defined in section 7-425, with all municipalities which are members of said fund,
provided, if he had withdrawn his contributions from the fund, he shall not receive credit
for such prior employment in the computation of his eventual retirement allowance
unless the withdrawn contributions plus interest, if any, have been repaid with additional
interest at a rate to be determined by the commission. When a member has obtained
credit for prior service in another municipality, and the department in which he so served
has subsequently been withdrawn from the fund, such member may, upon request to
the commission, withdraw the total of all contributions made during such prior service,
and such credit for prior service shall thereupon be withdrawn. The withdrawal of such
contributions shall include five per cent interest credited in accordance with the provisions of section 7-440. The Retirement Commission may make regulations as to such
matters relating to such transfers of employment as the Retirement Commission finds
necessary for the uniform and equitable administration of this section, having regard to
the welfare of transferring employees and the interests of the municipalities.(1963, P.A. 597; 1969, P.A. 278; P.A. 84-106, S. 6, 8; P.A. 93-356, S. 12.)
History: 1969 act applied provisions of section to transfers in which municipality elects to participate in fund B within two years of transfer date, clarified credit procedure where employee had withdrawn contributions after leaving prior employment or wishes to withdraw such prior contributions and deleted former general references to powers of commission to apportion contributions between municipalities and to determine payments required of each; P.A. 84-106 provided that the repayment of withdrawn contributions shall include any withdrawn interest plus additional interest as determined by the commission and that the withdrawal of contributions shall include 5% interest; P.A. 93-356 deleted provisions re transfer of retirement credit between fund A and fund B.
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