Code of Massachusetts Regulations
610 CMR - BOARD OF HIGHER EDUCATION
Title 610 CMR 11.00 - Optional Retirement Program
Section 11.42 - Member Elections
Current through Register 1531, September 27, 2024
Any eligible employee may elect to participate in the Optional Retirement Program.
(1) Any new eligible employee who is initially appointed on or after the effective date of the Optional Retirement Program shall elect to participate or not to participate in the Optional Retirement Program within 90 days of the effective date of the appointment.
(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 shall elect to participate or not participate in the Optional Retirement Program within 90 days of the date the employee becomes eligible.
(3) Any election shall take effect not later than the next pay period following the date of the election.