La. Admin. Code tit. 58 § XVIII-1101
Current through Register Vol. 50, No. 11, November 20, 2024
Section XVIII-1101 - Purchases of Service by Reinstated EmployeesA.1. When a member whose employment was terminated applies to the civil service board or a court of law for reinstatement, the member shall notify the system within three days of such application.2. If the member retired and participated in the Deferred Retirement Option Plan prior to termination, the member shall not withdraw any funds from the member's DROP before a final legal determination has been made regarding eligibility for reinstatement.B. When a member is reinstated to a position by the civil service or a court of law, the member is entitled to receive retirement service credit for the period of time prior to reinstatement provided payment in accordance with Subsection C is made to the system within 90 days of the date the system notifies the employer of the amount due for the reinstatement period.C.1. If reinstated, the member shall pay an amount equal to the current employee's contributions based on the earned compensation for the reinstatement period. The employer shall pay an amount equal to the actuarial cost of a purchase of the service credit for which contributions were not timely paid, as calculated by the system's actuary pursuant to R.S. 11:158(C), less the amount owed by the employee. The employer shall also reimburse the system for any legal and actuarial fees paid by the system in the calculation or collection of amounts.2. The member shall repay any retirement benefits received prior to reinstatement, plus interest at the actuarial assumed rate of return, calculated from the date each payment was made by the system.D. A reinstated employee who refunded his contributions during the time for which he was reinstated shall pay an amount equal to the actuarial cost of a purchase of the service credit for which contributions were not timely paid, as calculated by the system's actuary pursuant to R.S. 11:158(C), to the system within 90 days of the date the system notifies the employee of the amount due. The employee shall also reimburse the system any legal and actuarial fees paid by the system in the calculation or collection of amounts. If the member does not pay the amounts required by this Subsection within 90 days of the date the system notifies the employee of the amount due, no service credit will be granted, and the reinstatement period shall not be included in the benefit calculation unless the member subsequently purchases the service credit in accordance with R.S. 11:158(C).E. The employer shall provide the system with a report of earnings on a monthly basis for the period for the reinstatement period.F. The employer may submit any amounts due to the system on the employee's behalf.La. Admin. Code tit. 58, § XVIII-1101
Promulgated by the Department of the Treasury, Board of Trustees of the Municipal Police Employees' Retirement System, LR 471899 (12/1/2021).AUTHORITY NOTE: Promulgated in accordance with R.S. 11:2225(A)(1).