Missouri Code of State Regulations
Title 16 - RETIREMENT SYSTEMS
Division 50 - The County Employees' Retirement Fund
Chapter 3 - Creditable Service
Section 16 CSR 50-3.070 - Refund of Buybacks

Universal Citation: 16 MO Code of State Regs 50-3.070

Current through Register Vol. 49, No. 24, December 16, 2024

PURPOSE: This rule clarifies the process by which certain former county employees may obtain a refund of their buyback payment.

(1) Former county employees who have tendered their fifty percent (50%) buyback to the County Employees' Retirement Fund (CERF) as provided in 16 CSR 50-3.060, but have not received a benefit, may request a refund of their buyback. To receive a refund, the former county employee must submit a written request to the plan administrator of CERF. Upon executing the refund request, the former county employee will forfeit the spousal survivorship benefit.

(2) A former county employee who receives a refund of his or her buyback may reapply to serve as a special consultant in the future.

*Original authority: 50.1032, RSMo 1995.

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