Code of Massachusetts Regulations
610 CMR - BOARD OF HIGHER EDUCATION
Title 610 CMR 11.00 - Optional Retirement Program
Section 11.03 - Scope and Application
Universal Citation: 610 MA Code of Regs 610.11
Current through Register 1531, September 27, 2024
610 CMR 11.00 shall apply to the administration of and participation in the Board of Higher Education Optional Retirement Program including:
(1) Administration of the Optional Retirement Program shall include those provisions in 610 CMR 11.40 and subsequent sections.
(2) Participation in the Optional Retirement Program shall include:
(a)
New
Employee. Any eligible employee who is initially appointed on or
after the effective date of the Optional Retirement Program may elect in
writing to participate in the Optional Retirement Program within 90 days of the
effective date of the appointment.
(b)
Incumbent
Employee.
1. Any eligible
employee who is a member of any retirement system established under the
provisions of M.G.L. c. 32 on the effective date of the Optional Retirement
Program who has less than ten years of creditable service on the effective date
of the Optional Retirement Program may elect in writing within 90 days of the
effective date of the Optional Retirement Program to participate in the
Program.
2. Any eligible employee
who is a member of any retirement system established under the provisions of
M.G.L. c. 32 on the effective date of the Optional Retirement Program who has
less than ten years of creditable service on the date the employee becomes
eligible to participate in the Optional Retirement Program may elect in writing
to participate in the Optional Retirement Program within 90 days of the date
the employee becomes eligible.
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