807 CMR, § 13.05

Current through Register 1536, December 6, 2024

Section 13.05 - Transfers Out

In transferring the account of a Transferee who was not a mandatory participant in RetirementPlus to another contributory retirement system, the MTRS will transfer the entire account and break out for the other retirement system the difference between the "excess" RetirementPlus contributions and the non-RetirementPlus retirement contribution rate.

807 CMR, § 13.05

Amended by Mass Register Issue 1483, eff. 11/14/2022 (EMERGENCY).

Amended by Mass Register Issue 1490, eff. 11/14/2023 (COMPLIANCE).