Danvers Retirement Board Supplemental Regulations

MEMBERSHIP:


CREDITABLE SERVICE:

Members employed in a part-time capacity throughout his/her entire career in the Town of Danvers will receive one year of creditable service for each full calendar year in which the employee is receiving regular compensation for said service.

A member who is has been employed in both a part-time and full-time capacity for the Town of Danvers will receive full-time credit for full-time service, and pro-rated credit for part-time service based on the full time equivalency of that position.

School year employees (teacher aides, cafeteria workers, secretaries) whose full-time employment only requires them to work 10 months will receive one month of creditable service for each full month the employee is receiving regular compensation, with 10 months being the equivalent of one year of creditable service. Said employees shall be granted one full year of service credit if they return to that position the following September.

Any request by a member to purchase past service will have the rules states above applied to their past service to determine creditable service.


REGULAR COMPENSATION:


MISCELLANEOUS: