Wellesley Retirement Board Supplemental Regulations

November 5, 2012

Membership

Membership: Any person shall be deemed eligible for membership in the Retirement System if such person is regularly employed in the service of the Town of Wellesley or the Wellesley Housing Authority on a basis which anticipates work at the rate of one thousand (1000) hours or more each year.

1. Membership: Every member of the Retirement System shall receive credit for each calendar year according to the extent, of that service for the Town of Wellesley during such year, as follows:

A. Membership: A member who is compensated throughout the year on a fulltime basis shall be credited with one year of service with respect to such year.

B. Membership: If a member’s service is not on a fulltime basis throughout the year, the Board shall determine the proportion of a full year for which credit is given is to be allowed. In such cases, credit will be given with respect to a calendar year for a prorated portion of one year’s service determined by dividing (a) the number of hours actually worked or credited during such year by (b) the number of hours expected to be worked during such year by an employee doing similar work on a fulltime basis; and such prorated portion of a year, if not a whole number of months, shall be adjusted to be equivalent to the next highest whole number of months.

C. Membership: A member who is employed during a calendar year by the Town on a fulltime basis, but who has had periods of absence with partial compensation or without pay will be credited with respect to such year with a prorated portion of one year’s service determined by dividing (a) the sum of the actual deductions with respect to such year by (b) what the deductions for such year would have been had a full year’s compensation been received; and such prorated portion of a year, if not a whole number of months, shall be adjusted to be equivalent to the next highest whole number of months.

D. Creditable Service: An employee, part of whose services for the Town falls within one of the classes excluded under paragraph II(3), but who is a member of the Retirement System by virtue of other employment by the Town, shall receive credit during any calendar year on the basis of such employee’s eligible service only.

E. Creditable Service: If a member received compensation for eligible service from two or more appropriations during a calendar year, such member shall be credited with up to one year of service with respect to such year, the amount of such credit to be computed by dividing (a) the total hours for which compensation was received for eligible service during such year by (b) 2000; but such credit shall not exceed one year, and any credit for a portion of a year, if not a whole number of months, shall be adjusted to be equivalent to the next highest whole number of months.

2. Creditable Service: The number of years and full months of creditable service to be used in computing the member’s retirement allowance shall be taken as the sum of the amounts of service credited for each of the years during which the member was a member of the Retirement System.

July 3, 1985

Amendments to Comprehensive Rules

XI Adjustment of Disability Retirement Allowance Under Sec. 8