Common use of PURCHASE OF ADDITIONAL RETIREMENT CREDIT Clause in Contracts

PURCHASE OF ADDITIONAL RETIREMENT CREDIT. a. Effective January 1, 2007, or as soon thereafter as administratively possible, and contingent upon agreement from all other recognized employee organizations, and subject to the provisions of Section 31658 of the County Employees Retirement Law of 1937 (‘1937 Act’), an active employee who has at least five years of credited service with the Sacramento County Employees’ Retirement System (‘SCERS’) may elect to purchase up to five (5) years of additional retirement credit (‘ARC’). ARC means time that does not otherwise qualify as County service, public service, military service, medical leave of absence, or any other time recognized as purchasable service credit by SCERS.

PURCHASE OF ADDITIONAL RETIREMENT CREDIT. a. Effective January 1, 2007, or as soon thereafter as administratively possible, and contingent upon agreement from all other recognized employee organizations, and subject to the provisions of Section 31658 of the County Employees Retirement Law of 1937 (‘1937 Act’), an active employee who has at least five (5) years of credited service with the Sacramento County Employees’ Retirement System (‘SCERS’) may elect to purchase up to five (5) years of additional retirement credit (‘ARC’). ARC means time that does not otherwise qualify as County service, public service, military service, medical leave of absence, or any other time recognized as purchasable service credit by SCERS.

PURCHASE OF ADDITIONAL RETIREMENT CREDIT. a. Effective January 1, 2007, or as soon thereafter as administratively possible, and contingent upon agreement from all other recognized employee organizations, and subject to the provisions of Section 31658 of the County Employees Retirement Law of 1937 (‗1937 Act‘1937 Act’), an active employee who has at least five (5) years of credited service with the Sacramento County Employees’ ‘ Retirement System (‗SCERS‘SCERS’) may elect to purchase up to five (5) years of additional retirement credit (‗ARC‘ARC’). ARC means time that does not otherwise qualify as County service, public service, military service, medical leave of absence, or any other time recognized as purchasable service credit by SCERS.