Retired Participants Appointed to a State Board or Commission Sample Clauses

Retired Participants Appointed to a State Board or Commission. If a retired Participant who is receiving retirement income is first appointed on or after January 1, 2013, to a nonsalaried or part-time (as defined in section 7522.57(b) of the California Government Code), salaried position on a state board or commission, his or her retirement income will not be suspended. However, if a retired Participant who is receiving retirement income is first appointed on or after January 1, 2013, to a full-time, salaried position on a state board or commission, he or she must immediately notify the Administrator of the appointment. Upon receipt of the notice, the Administrator will, in accordance with section 7522.57(d) of the California Government Code, suspend payment of the Participant's retirement income. In addition, the Administrator may take any action necessary, including but not limited to offsetting future retirement income payments, to recoup any payments, plus interest at the rate determined by the Administrator, that were required to be suspended under Section 7522.57(d) of the California Government Code. Any retirement income that the Participant was entitled to receive at the time of the appointment will be reinstated upon notice from the Participant that he or she has retired for service from the appointment.
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