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The buy-back worksheet is used to
calculate the dollar amount a member must pay to buy
back the creditable service associated with Annuity
Savings Fund balances that have been refunded to the
member. Buy-backs include the amount withdrawn plus
interest to the date of repayment.
Please note this worksheet assumes
a one-time or lump sum repayment. Payments can also
be made on an installment basis. Such payments must
be calculated and rendered in accordance with the
terms and conditions of the respective retirement
board. |