Title 47, Chapter 2, Section 295
( 47-2-295)
(a) Any person who becomes a member after January 1, 1980, but
before July 1, 1981, as a result of employment with a juvenile
detention facility which has been acquired from a county by a state
department and who was an employee of such county immediately prior
to becoming a member of this retirement system in a position covered
under its retirement or pension system shall have the option of
transferring to the retirement system the employer and employee
contributions credited to him for service as an employee of the
juvenile detention facility. This option must be exercised within
six months after becoming a member of the retirement system. It
shall be exercised by notifying, in writing, the governing body of
the county retirement or pension system and the board of trustees of
the member's desire that such contributions be transferred. (b) Within 30 days after receiving such notification, the governing
body of the county retirement or pension system shall pay to the
board of trustees of this retirement system an amount equal to such
employer and employee contributions. Upon the receipt of such
payment, the board of trustees shall deposit that portion
representing employee contributions into the annuity savings fund as
a credit to the member; and it shall deposit that portion
representing employer contributions into the pension accumulation
fund. Upon deposit of such contributions, the member shall receive
credit for past service rendered as an employee of the county
juvenile detention facility; but the amount of past service credited
to such member shall be adjusted as necessary so that the accrued
liability to this retirement system created by such past service
shall be fully funded by the amount of the payment received by the
board of trustees from the county retirement or pension system. (c) If the payment received by the board of trustees is insufficient
to cover all past service rendered as an employee of the county
juvenile detention facility on a year-for-year basis, the governing
authority of the county which formerly employed such member shall be
authorized, but not required, to pay to the board of trustees an
amount which, when combined with the payment of employer and
employee contributions, shall be sufficient to fund all service
rendered as an employee of the juvenile detention facility. In the
event a county governing authority elects to pay such additional
amount, it shall request, in writing, a certification from the board
of trustees of such amount; and, upon such payment, the member shall
be given credit for all service rendered as an employee of the
county juvenile detention facility. The amount, if any, paid by a
county governing authority shall be deposited by the board of
trustees into the pension accumulation fund. (d) In addition to persons who become members of this retirement
system pursuant to subsection (a) of this Code section, the
provisions of this Code section shall also apply to any persons who
become members after July 1, 1986, but before December 31, 1987, as
a result of employment with a county juvenile detention facility,
the employees of which facility have been acquired from a county by
a state department and who were employees of such county immediately
prior to becoming members of this retirement system in positions
covered under such county's retirement or pension system. |