Code of Massachusetts Regulations
610 CMR - BOARD OF HIGHER EDUCATION
Title 610 CMR 11.00 - Optional Retirement Program
Section 11.16 - Member Contributions
Universal Citation: 610 MA Code of Regs 610.11
Current through Register 1531, September 27, 2024
An eligible employee in the Optional Retirement Program:
(1) Shall not be required to make contributions to the State Employees' Retirement System.
(2) Shall contribute to the Program an amount equal to the contribution the employee would have made to the State Employees' Retirement System.
(3) May direct the amount of the accumulated total deductions and interest from the State Employees' Retirement System to the employee's Optional Retirement Program Account.
(4) May direct the amount of the accumulated total deductions and interest from the State Employees' Retirement System to remain in the State Employees' Retirement System.
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