Section 30-301 – Eligible Employees

    (a)    An individual is eligible to participate in the program only if the individual:         (1)    is eligible for membership in a retirement system or a pension system;         (2)    has not previously participated in a State system as an employee of an employing institution or any other unit of State government; and         (3)    is:             (i)    a member of the faculty of […]

Section 30-302 – Election to Participate — in General

    (a)    An election to participate in the program shall be made by an eligible employee at commencement of employment.     (b)    An eligible employee’s election to participate in the program is a one–time irrevocable election.     (c)    An individual who previously participated in a State system as an employee of an employing institution or any other unit of State government […]

Section 30-303 – Election to Participate — Employees Employed on or After October 1, 1993

    (a)    An eligible employee shall elect to:         (1)    join a pension or retirement system in accordance with the provisions of this Division II applicable to that system; or         (2)    participate in the program.     (b)    An eligible employee shall:         (1)    make an election under this section in writing; and         (2)    file the election with the Board of Trustees and the employing institution […]

Section 30-304 – Election to Participate — Transfer on or Before July 1, 1981

    Unless an eligible employee transferred to a pension system on or before July 1, 1981, the eligible employee may not elect to participate in the program after transferring to a pension system.

Section 30-305 – Election to Participate — Change in Employee Status

    (a)    This section applies only to a State employee who is appointed, promoted, transferred, or reclassified to a position in which an employee would be eligible to participate in the program.     (b)    A State employee described in subsection (a) of this section may not elect to participate in the program.

Section 30-306 – Application for Contract Required

    An election of the program by an eligible employee is only effective when the election is accompanied by an appropriate application, if required, for the issuance of an annuity contract under the program.

Section 30-307 – Effect of Participation

    (a)    (1)    This subsection applies to an election to participate in the program made on or before June 30, 2017.         (2)    Except as otherwise provided in this section, an election to participate in the program is a waiver of all rights and benefits provided by the retirement or pension system in which the participating employee was a member […]