Code of Massachusetts Regulations
807 CMR - TEACHERS' RETIREMENT BOARD
Title 807 CMR 9.00 - Elective Payroll Deductions For Retirement Plus Accelerated Contributions Under Mgl C. 32, S.5
Section 9.04 - Partial or Full Payments
Universal Citation: 807 MA Code of Regs 807.9
Current through Register 1531, September 27, 2024
Members in service may elect to pay all or part of the accelerated contributions through such payroll deduction. The amounts to be deducted and the duration of the deduction shall be specified on the authorization form prescribed by the Board and the amounts and duration shall be irrevocable and binding once made. Prepayment of amounts covered by the authorization is not permitted. However, nothing herein shall prevent a member from paying any amounts not covered by the authorization with after-tax dollars.
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