A municipality may withdraw one or more departments from the retirement system established by this part by the procedure provided in section 7-427 for acceptance of this part; provided such withdrawal shall not relieve the municipality from liability arising from retirement allowances already granted. The employees of the department or departments shall be entitled to the return of their contributions, plus interest as provided in section 7-440, and the same shall be paid to the municipality for that purpose. In addition, the municipality shall be entitled to receive any balance from the sums contributed by it for such department or departments after deducting any payments already made or then due on account of administrative expenses and retirement allowances, with a sum sufficient, as determined by the commission on sound actuarial principles, to provide for the payment of all future retirement allowances and refunds already vested by the retirement of members from the municipality. For this purpose, such retirement allowances and future retirement allowances shall exclude an amount equal to the total contributions, plus interest as provided in section 7-440, of members previously retired under this part. If there is a deficit in such sum, it shall be paid in full into the fund by the municipality seeking to withdraw and its liability in this regard shall be enforceable as provided in section 7-445.
(1949 Rev., S. 897; 1959, P.A. 315; 1967, P.A. 402; P.A. 87-85; P.A. 90-232, S. 1, 2.)
History: 1959 act allowed withdrawal of one or more departments in lieu of complete withdrawal; 1967 act excluded from retirement allowances and future allowances payments, an amount equaling total contributions of members previously retired when municipality or one or more of its departments withdraws; P.A. 87-85 provided that employees shall receive interest on their returned contributions after the withdrawal of their employer from the system; P.A. 90-232 added interest to the exclusion from returned contributions of contributions of previously retired members.
Structure Connecticut General Statutes
Chapter 113 - Municipal Employees
Section 7-407. - Method of adoption.
Section 7-408. - Civil service board; appointment; terms of office; removal.
Section 7-409. - Purpose of part. Rules.
Section 7-410. - Civil service board; president; chief examiner.
Section 7-411. - Classification of officers and employees.
Section 7-412. - Publication of rules.
Section 7-413. - Examination of applicants. Certification.
Section 7-414. - Classified service; eligible list; promotion.
Section 7-415. - Credit allowances to veterans in examinations for original appointment.
Section 7-416. - Appointments.
Section 7-417. - Probation; notice of appointment or of creation or abolition of office.
Section 7-418. - Inmates of institutions excepted.
Section 7-419. - Removal of officers or employees.
Section 7-420. - Interference with or false grading of applicants.
Section 7-421a. - Inconsistent statutory or charter provisions.
Section 7-421b. - Limitation on restrictions of political rights of municipal employees.
Section 7-422. - Personnel appeals board. Appeal to Superior Court.
Section 7-423. - Technical services by Department of Administrative Services.
Section 7-426. - Separate funds. Retirement rate.
Section 7-427. - Participation by municipalities.
Section 7-428. - Retirement on account of length of service and age.
Section 7-429. - Retirement of elective officers.
Section 7-430. - Involuntary retirement; temporary retention.
Section 7-431. - Separation from service before voluntary retirement age.
Section 7-433b. - Survivors' benefits for firemen and policemen. Maximum cumulative payment.
Section 7-433d. - Injury or death of fireman while engaged in fire duties with another company.
Section 7-434. - Continuity of service.
Section 7-434a. - Continuation of membership during service as elected official.
Section 7-435. - Retirement benefits for members of fund A.
Section 7-436b. - Credit for military service for members of fund B.
Section 7-439b. - Cost of living adjustment to retirement allowance.
Section 7-439c. - Discharge of liability for increases of retirement allowance.
Section 7-439d. - Cost of living adjustment not limited by subsection (a) of section 7-436.
Section 7-439e. - Actuarial study by retirement board to determine cost impact of increases.
Section 7-439f. - Study concerning restructuring of fund.
Section 7-439g. - Optional forms of retirement income. Preretirement death benefit.
Section 7-439h. - Erroneous payments; adjustment; waiver of repayment; regulations.
Section 7-440a. - Certain contributions by members treated as employer contributions.
Section 7-441a. - Contributions to remain at level in effect on June 30, 1980.
Section 7-442. - Transfer from fund A to fund B.
Section 7-442a. - Transfer of retirement credit between municipalities.
Section 7-442c. - Credit for prior service with redevelopment agency.
Section 7-442e. - Credit for prior service with Connecticut Housing Authority.
Section 7-443. - Initial rates of contribution by municipality.
Section 7-444. - Withdrawal by a municipality.
Section 7-445. - Liability of municipality.
Section 7-446. - Assignments prohibited.
Section 7-447. - Custody and investment of funds.
Section 7-449. - Effect of amendment or repeal of part.
Section 7-450b. - Cost of living allowance.
Section 7-451. - Retroactive coverage.
Section 7-452. - Participation in federal Old Age and Survivors Insurance System: Definitions.
Section 7-453. - Membership in system. Contributions.
Section 7-454. - Employees not included.
Section 7-456. - Deductions from wages.
Section 7-457. - Agreement between commission and municipality.
Section 7-458. - Refund of amounts recovered from federal government.
Section 7-459. - Retroactivity.
Section 7-459a. - Survivors' benefits authorized.
Section 7-459b. - Deferred retirement option plan. Adoption.
Section 7-460. - Compensation of officials and employees.
Section 7-460a. - Sick leave pay exclusion from Social Security contributions.
Section 7-460b. - Residency requirements.
Section 7-460c. - Compensatory time in lieu of overtime pay.
Section 7-460d. - Additional compensation for certain retired public safety employees.
Section 7-461. - Leave of absence for reserve corps field training.
Section 7-461a. - Leave of absence for specialized disaster relief services.
Section 7-462. - Reinstatement of employees after military leave.
Section 7-463. - Interest of state in employees' bonds.
Section 7-466. - Collective bargaining authorized.
Section 7-467. - Collective bargaining. Definitions.
Section 7-467a. - Qualification of employee organization.
Section 7-468. - Rights of employees and representatives. Duty of fair representation.
Section 7-469. - Duty to bargain collectively.
Section 7-470. - Prohibited acts of employers and employee organizations.
Section 7-471. - Powers of State Board of Labor Relations.
Section 7-471a. - Supervisory employees not required to form employees association.
Section 7-472. - Mediation by State Board of Mediation and Arbitration.
Section 7-473b. - Mandatory timetable for negotiations. Appointment of mediator.
Section 7-475. - Strikes prohibited.
Section 7-476. - Existing bargaining unit not altered during term of agreement.
Section 7-477. - Payroll deductions of union dues authorized.
Section 7-478d. - Duties of State Board of Mediation and Arbitration if no resolution.
Section 7-478f. - Rejection of award by legislative body. Second arbitration format.