§ 6660. Withdrawal benefit.
136 words·~1 min read·
/de/title-16/6660A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Upon the withdrawal from service of a member who is not eligible to receive a pension and does not have a vested right to a pension, the member’s accumulated contributions with interest shall be paid to the member’s employer for final disposition.
(b)Upon the withdrawal from service of a member who is not eligible to receive a pension but has a vested right to a pension, the member’s accumulated contributions with interest shall be paid to such member.
(c)If an individual ceases to be a member the individual’s service credits to the date of termination shall be cancelled, but shall be restored if the individual again becomes a member provided that if the individual has withdrawn the individual’s own contributions the individual repays them with interest at a rate determined by the Board.