§ 1953. Prior service credit
A teacher who has ceased being a member upon reemployment is entitled to prior service credit upon depositing in the Pension Fund the contributions that would have been deducted from the teacher’s compensation had he or she remained a member with interest as set forth in section 1944 of this title. The teacher, in order to qualify for the prior service credit, shall also deposit in the Fund a sum equal to the contributions that would have been contributed by the State had the teacher remained a member with interest as set forth in section 1944 of this title. (Added 2005, No. 104 (Adj. Sess.), § 1; amended 2007, No. 13, § 35; 2017, No. 165 (Adj. Sess.), § 24.)
Structure Vermont Statutes
Chapter 55 - State Teachers' Retirement System of Vermont
§ 1932. Date of establishment; power and privileges; name
§ 1935. Teachers in certain public or independent schools
§ 1936. Creditable service; military service
§ 1938a. Benefit denial; evidentiary hearing
§ 1939. Restoration to service
§ 1940. Termination of service; death; refund; pension
§ 1942. Board of Trustees; Medical Board; actuary; rate of contribution; safekeeping of securities
§ 1943. Investments; interest rate; disbursements
§ 1943a. Compliance with federal law
§ 1944. Vermont Teachers’ Retirement Fund
§ 1944a. Periodic actuarial reports
§ 1944b. Retired Teachers’ Health and Medical Benefits Fund
§ 1944c. Employer charges for federal grants or reimbursements
§ 1944d. Employer annual charge for teacher health care
§ 1944e. Retired teachers health and medical benefits
§ 1945. Application of other laws
§ 1946. Exemption of member’s interest; assignment
§ 1946b. Alternate payee; domestic relations orders
§ 1949. Postretirement adjustments to retirement allowances
§ 1949a. Postretirement adjustment allowance account
§ 1949b. Postretirement adjustment to retirement allowance; formula; evaluation