Sec.5-158b-4. Application to become a Part A member


Latest version.
  • A state employee who has obligated himself to convert from Plan B to Plan C and who has received an invoice showing the conversion cost must pay such conversion cost in a lump sum payment within 60 days of the mailing of such invoice by the retirement division. If at the end of this 60 days the employee has not made lump sum payment, the agency payroll clerk will, without further authorization or notification, begin payroll deductions based on the invoiced conversion cost, unless the employee has already initiated payroll deductions for such amounts. Full payment of the cost of converting to Plan C must be completed prior to the effective date of retirement.

(Effective November 5, 1975)