Regulations of Connecticut State Agencies (Last Updated: June 14,2023) |
Title7 Municipalities |
SubTitle7-442a-1_7-442a-4. Transfer of Retirement Credit Between Municipalities Under Section 7-442a |
Sec.7-442a-2. Liability of second municipality
Latest version.
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If the amount of future pensions of such member is changed by such transfer, the state employees retirement commission shall determine on sound actuarial principles the respective amounts necessary (1) before and (2) after such transfer for the payments of future pensions based upon the service of the member prior to such transfer. The second municipality shall be liable to the fund for any excess of (2) over (1), payable in the manner provided in subsection (a) of section 7-441 of the 1969 supplement to the general statutes.
(Effective September 9, 1969)