Service credit is earned for periods of employment with an employer during which salary is received by such employee and contributions are made to the association pursuant to the provisions of section 24-51-401 (1.7). No service credit shall be earned in connection with the payment of working retiree contributions. One year of service credit is […]
A member may qualify earlier for service retirement, reduced service retirement, or increased benefits through the purchase of additional service credit. Service credit purchases are limited to those specified in this part 5. Service credit purchased pursuant to this part 5 by members who were members, inactive members, or retirees on December 31, 2006, shall […]
Except as otherwise provided in section 24-51-318, the service credit forfeited with a refund pursuant to the provisions of section 24-51-405 may be purchased upon the former member’s resumption of membership and after completion of one year of earned service credit by such member. For members who were members, inactive members, or retirees on December […]
The portion of service credit not earned during a paid sabbatical leave granted after July 1, 1966, may be purchased if the member makes member contributions on the difference between the partial salary paid and the salary which would have been paid if the paid sabbatical leave had not been taken. Such member contributions made […]
Service credit may be purchased for any period of previous employment with any public or private employer in the United States, its territories, or any foreign country subject to the following conditions: If the service credit to be purchased is for noncovered employment with an employer affiliated with the association, the member must have one […]
Service credit purchases may be made by a lump-sum payment, by installment payments, by a trustee-to-trustee transfer or a direct rollover of an eligible rollover distribution from a plan described in section 402 (c)(8)(B)(iii) to (vi) of the federal “Internal Revenue Code of 1986”, as amended, including but not limited to the voluntary investment program […]
A member shall be granted additional service credit for uniformed service, as defined for reemployment right purposes under federal law, if: Such member had membership in the association at the time the uniformed service began; Such member was discharged from uniformed service and returned from the leave of absence for uniformed service to membership; The […]
An employee who is on a leave of absence for uniformed service at the time his or her employer becomes affiliated with the association shall be entitled to service credit as provided for in section 24-51-507 upon becoming a member after returning to such employment. Source: L. 87: Entire article R&RE, p. 1059, § 1, […]
Service credit earned by a member during the most recent period of membership shall be combined with the service credit associated with the existing member contribution account of such member. Notwithstanding the provisions of this section, members exercising portability between the Denver public schools division and other association divisions are governed by the provisions of […]
