MWRA Retirement Board Supplemental Regulations

MEMBERSHIP:


CREDITABLE SERVICE:


REGULAR COMPENSATION:


MISCELLANEOUS:

Service credit with respect to qualified military service is subject to Internal Revenue Code Section 414(u) and the Uniform Services Employment and Reemployment Rights of 1994, as amended (USERRA).  Members who have timely filed for and are eligible to purchase military creditable service for their military service under G.L. c. 32, s. 4(1)(h) may be credited with up to four years of service.  Service shall not be credited unless and until the member has paid into the annuity savings fund payments for each year of creditable service sought an amount equal to ten percent of the regular annual compensation of the member when the member entered the retirement system.  Such payments may be made in one sum or in installments at any time prior to retirement.