3-12C-511. Purchase of nonqualified permissive service credit allowed.
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/sd/title-3/chapter-3-12/3-12c-511A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Notwithstanding the restrictions contained in §§ 3-12C-504 and 3-12C-509 , a current contributing member with over five years of contributory service in the system may purchase nonqualified permissive service credit as defined in and pursuant to the provisions of § 415(n) of the Internal Revenue Code.