Gloucester Retirement Board Supplemental Regulations

MEMBERSHIP:


CREDITABLE SERVICE:


Pro-Ration Table

 

Hours per week:

Creditable Service:

Over 14.0

5 months

Over 16.5

6 months

Over 19.0

7 months

Over 21.5

8 months

Over 24.5

9 months

Over 27.0

10 months

Over 29.5

11 months

32.5+

12 months

 

If a member’s average weekly hours based on a 52-week calendar year are over the amounts in the pro-ration table, the member will be credited with the service as listed.

Creditable Service buyback payments must commence within 30 days of the date of acceptance by the board.

The Retirement Board will not allow members to buyback previous employment with the City of Gloucester or any other governmental unit, where contributions from such employment were made to Social Security.


REGULAR COMPENSATION:


MISCELLANEOUS:

Applicability:
If at any time all or any portion of these supplemental regulations, or the application thereof, are determined to be in violation of Massachusetts General Laws Chapter 32, or of the rules and regulations promulgated by the Public Employee Retirement Administration Commission, then such Supplemental Regulation, or application thereof, shall be deemed null and void.