Wyoming Statutes
Article 6 - State Highway Patrol, Game and Fish Warden and Criminal Investigator Retirement
Section 9-3-617 - Refund of Contributions Upon Termination of Employment; Redeposit of Withdrawn Contributions; Purchase of Service Credits.

9-3-617. Refund of contributions upon termination of employment; redeposit of withdrawn contributions; purchase of service credits.
(a) Except as provided in this subsection and subsection (c) of this section, any employee covered by this article who terminates his employment and elects not to continue to be covered by the retirement program is entitled to a refund of his member account together with the regular rate of interest specified by the retirement board. Commencing July 1, 2019 for an employee who has fewer than six (6) years of service, no interest shall accrue to the member account during any period in which the employee is not employed by a participating employer. Refunds may be made only upon written request to the board. Any employee who withdraws from the retirement program under this subsection shall forfeit all rights to further benefits, employer contributions and service credit under this article.
(b) Any employee who later returns to service covered under this article may redeposit the amount of the contributions withdrawn, in lump sum, together with interest, and upon earning not less than two (2) years service credit, may reestablish his service credits as of the time of withdrawal of his contributions. Any redeposit payment pursuant to this subsection shall be made not later than ten (10) years following the date of reemployment or prior to retirement, whichever first occurs.
(c) No employee is entitled to a refund of any contributions if he is employed for a salary by an employer subject to this article.
(d) Any employee may elect to purchase up to five (5) years of service credit for full-time employment in law enforcement which is performed for another state or political subdivision of another state, the federal government or for any public law enforcement agency in Wyoming as authorized and limited by section 415(c) and 415(n) of the Internal Revenue Code and if the employee does not vest in any retirement plan of the agency for which the prior service being purchased was earned. Any employee electing to purchase service credit shall pay into the account a single lump-sum amount equal to the actuarial equivalent of the benefits to be derived from the service credit computed on the basis of actuarial assumptions approved by the board and the individual's attained age and average salary for the highest three (3) continuous years of covered service. The lump sum may be paid with personal funds or, subject to rules and regulations established by the board, through rollover contributions. Unless received by the retirement program in the form of a direct rollover, the rollover contribution shall be paid to the program on or before sixty (60) days after the date it was received by the member. Service credit purchased under this subsection shall not be used to determine vested eligibility to receive benefits under this article.

Structure Wyoming Statutes

Wyoming Statutes

Title 9 - Administration of the Government

Chapter 3 - Compensation and Benefits

Article 6 - State Highway Patrol, Game and Fish Warden and Criminal Investigator Retirement

Section 9-3-601 - Short Title.

Section 9-3-602 - Definitions.

Section 9-3-603 - Administration.

Section 9-3-604 - Employee Contributions.

Section 9-3-605 - Employer Contributions.

Section 9-3-606 - Transfer of Funds to Retirement Program.

Section 9-3-607 - Age of Retirement.

Section 9-3-608 - Retirement Allowance.

Section 9-3-609 - Determination of Years of Service by Board; Credit for Time Spent in Military Service.

Section 9-3-610 - Amount of Benefit.

Section 9-3-611 - Eligibility and Amount of Disability Allowance.

Section 9-3-612 - Payment of Disability Allowance.

Section 9-3-613 - Payment on Death; Duty Related.

Section 9-3-614 - Payment on Death; Not Duty-Related Death of Retired Member.

Section 9-3-615 - Election of Coverage Under Wyoming Retirement Act.

Section 9-3-616 - Applicability of Portions of Wyoming Retirement Act.

Section 9-3-617 - Refund of Contributions Upon Termination of Employment; Redeposit of Withdrawn Contributions; Purchase of Service Credits.

Section 9-3-618 - Disposition of Funds; Designated Custodian of Monies.

Section 9-3-619 - Payment of Employers' Contribution From Highway Fund, Game and Fish Fund and Attorney General Budget.

Section 9-3-620 - Exemption of Benefits From State and Local Taxes, Execution and Attachment; Benefits Paid Under Qualified Domestic Relations Order.