California Government Code

§ 45310.6

GOV § 45310.6 Effective Jan 1, 2003Div. 5 · Title 4 · Ch. 2 · Art. 1

Statute text

When a city has established a reciprocal retirement system under this chapter, the following shall apply:

(a)Any former member who left service under that system and became a member of a reciprocal retirement system or a retirement system established under the Public Employees’ Retirement Law, and who did not elect to, or was not eligible to, leave his or her contributions on deposit, may elect to redeposit those contributions if he or she is an active member of a reciprocal retirement system or the Public Employees’ Retirement System at the time of redeposit. A former member may exercise this right by redepositing in the retirement fund of the city he or she left, the amount of accumulated contributions and interest that he or she withdrew from that retirement fund plus regular interest thereon from the date of separation.

(b)A former member who redeposits under this section shall have the same rights as a member who elected to leave his or her accumulated contributions on deposit in the fund. The deferred retirement allowance of the member shall be determined in accordance with provisions applicable to a member retiring directly from city employment on the date of his or her retirement.

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Legislative history

Added by Stats. 2002, Ch. 883, Sec. 5. Effective January 1, 2003.