Can State Service Be Credited To Baltimore County Employee Pension Eligibility
Transferring Service Betwixt Systems
Any credit you may take in the following retirement systems may be counted along with your credit in your current system in lodge to determine your eligibility for a reduced or unreduced retirement benefit:
- Teachers' and Country Employees' (TSERS)
- Local Governmental Employees' (LGERS)
- Legislative (LRS)
- Consolidated Judicial (CJRS)
All the same, but your creditable service in your current system is used in calculating the corporeality of your benefit in that organisation. Creditable service in whatever other organisation is used to compute benefits from that system.
In addition, any service credit you have in the UNC Optional Retirement Plan may be added to your creditable service in TSERS in social club to determine eligibility for benefits from TSERS.
Transferring Service & Contributions Between Systems
You tin transfer your contributions and creditable service between LGERS and TSERS equally long as you lot are an eligible member of the organisation to which yous are transferring, do not receive a refund of your contributions from the organisation from which you are transferring and file Class 5TR (Transferring Service and Contributions Between Systems).
Transferred creditable service counts toward your eligibility for a monthly benefit and is used to compute the corporeality of your do good. Overlapping transferred service cannot be counted twice for the same time period.
Note for TSERS: A transfer tin can affect your eligibility for State Health Programme coverage under the retirement systems.
Transferring Service Between Systems Presentation
After completing five years of membership service in TSERS, yous may transfer contributions and creditable service from CJRS and LRS to TSERS. Contact us for boosted information and instructions.
https://world wide web.myncretirement.com/not-retirees/current-employees/benefits/transfer-service
Can State Service Be Credited To Baltimore County Employee Pension Eligibility,
Source: https://www.myncretirement.com/non-retirees/current-employees/benefits/transfer-service
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