BP 2-27: Retirement Service Credits


BOARD POLICY BP 2-27

APPROVED: January 25, 2010

EFFECTIVE: January 26, 2010

REFERENCES: Public Employment Retirement System;  Mont. Code Ann. 19-3-505


RETIREMENT SERVICE CREDITS

In compliance with Mont. Code Ann. 19-3-505 (2) (c), the employer shall establish a policy as to the payment of retroactive employer contributions or retroactive employer contributions and regular interest and apply this policy indiscriminately for all employees and former employees.

Dawson Community College, pursuant to Mont. Code Ann. 19-3-305 (2)(c), will not pay the retroactive employer contributions or retroactive employer contributions and regular interest to Public Employees Retirement System due on the conversion by an employee or former employee for service with the College or any other employer that is not creditable service for PERS purposes. The entire cost of such conversion must be paid by the employee, or former employee.


SCOPE                This policy applies to Dawson Community College.


PROCEDURES      The College President shall promulgate such procedures as may be needed to implement this policy.