PURPOSE: This rule clarifies the process by which certain former county employees may obtain a refund of their buyback payment. (1) Individuals who have tendered their fifty percent (50%) buyback to the County Employees’ Retirement Fund, but have not received a benefit, may request a refund of their buyback. To receive a refund, the individual must submit a written request to the plan administrator. Upon executing the refund request, the individual will forfeit the spousal survivorship benefit.

1. (2) Any individual who receives a refund of his or her buyback may reapply to serve as a special consultant in the future.

AUTHORITY: section 50.1032, RSMo Supp. 1997.* Original rule filed Nov 26, 1996, effective June 30, 1997. Amended: Filed Sept. 17, 1998, effective March 30, 1999.

*Original authority 1995.