Vermont Statutes
Chapter 16 - Vermont Employees' Retirement System
§ 477. Prior service credit

§ 477. Prior service credit
An employee who has ceased being a member upon reemployment is entitled to prior service credit upon depositing in the Fund the contributions which would have been deducted from the employee’s compensation had he or she remained a member with interest as set forth in section 473 of this title. The employee in order to qualify for the prior service credit must also deposit in the Fund a sum equal to the contributions which would have been contributed by the State had the employee remained a member with interest as set forth in section 473 of this title. (Added 1971, No. 231 (Adj. Sess.), § 4; amended 2007, No. 13, § 14.)

Structure Vermont Statutes

Vermont Statutes

Title 3 - Executive

Chapter 16 - Vermont Employees' Retirement System

§ 455. Definitions

§ 456. Name and date of establishment

§ 457. Members

§ 458. Creditable service; military service

§ 459. Normal and early retirement

§ 459a. Restoration of service

§ 460. Ordinary disability retirement

§ 461. Accidental and occupationally related disability retirement

§ 461a. Benefit denial; evidentiary hearing

§ 462. Reexamination of disability beneficiary

§ 463. Reinstatement

§ 464. Accidental and occupationally related death benefit

§ 465. Termination of service; ordinary death benefit

§ 466. Coordination of disability retirement benefits with workers’ compensation benefits

§ 467. Death benefit after retirement—Group C

§ 468. Optional benefits

§ 469. Minimum benefit—Group C

§ 470. Postretirement adjustments to retirement allowances

§ 471. Retirement Board; Medical Board; actuary; rates of contribution; safekeeping of securities

§ 471a. Reports

§ 472. Investments; interest rate; disbursements

§ 472a. Compliance with federal law

§ 473. Funds

§ 473a. Periodic actuarial reports

§ 474. Predecessor systems

§ 475. Errors

§ 476. Exemption of member’s interest; assignment

§ 476a. Alternate payee; domestic relations orders

§ 477. Prior service credit

§ 477a. Elections

§ 479. Group insurance

§ 479a. State Employees’ Postemployment Benefits Trust Fund

§ 480a. Group A members; limit on contributions

§ 481. Definitions

§ 482. Participation by local governments; election by employer

§ 483. Petition by employees; transfer of assets

§ 484. Election by employee; service credits

§ 485. Compulsory membership

§ 486. Duty of local officers

§ 487. Rates of contribution

§ 488. Payment of contributions

§ 489. Benefits

§ 490. Default; paid up deferred annuity

§ 491. Liability of retirement system

§ 495. Transfer of memberships