Wyo. Code R. 072-0003-12
Effective Date: 11/28/1994 to 09/26/2000
Rule Type: Superceded Rules & Regulations
Reference Number: 072.0003.12.11281994
(a) Pursuant to W.S. 9-3-415(c), any retired member of the Wyoming Retirement System (hereafter system) may be rehired by a member employer and shall either:
(i) Discontinue receiving a retirement benefit and be reinstated as a contributing member of the system; or
(ii) Continue to receive the retirement benefit and not be reinstated as a contributing member of the system.
(a) Any rehired member shall:
(i) Notify the system in writing, in a manner as the Board prescribes, immediately upon reemployment but in no case more than thirty (30) days following the date of such reemployment; and
(ii) Designate in the notification whether the member wishes to:
(A) Discontinue receiving a retirement benefit and be reinstated as a contributing member of the system; or
(B) Continue to receive the retirement benefit and not be reinstated as a contributing member of the system.
(b) Any election made pursuant to this section is irrevocable.
(c) Any rehired member who fails to notify the system of his reemployment within the time specified in this section and who fails to make the designation required in this section shall continue to receive his retirement allowance and shall not be reinstated as a contributing member of the system at any time during such reemployment.
(a) Any system member who holds an elective office ceases to be an active member of the system by virtue of that office upon expiration of the term for which elected, if that member is not reelected to either the office then held or another covered office.
(b) If a member retires from elective office under the system and is subsequently reelected to a covered office, the elected officer is considered a rehired member and is required to provide the notification and designation specified in Subsection 2.(a) of this chapter. (c) Reelection to the same office or another covered office without any intervening break in service is considered to be continuous service. (d) If an elected officer resigns or retires from office subsequent to an election at which the officer is elected to another term for that office or another covered office and if the elected officer assumes the duties of office upon commencement of the term for which elected, the period of such resignation or retirement is not considered a break in service nor is the commencement of the new term following such resignation or retirement considered reemployment for the purpose of making a designation pursuant to Subsection 2.(a) of this chapter.
(a) Any retired member who is rehired by a covered employer and who elects to continue receiving a retirement benefit and not be reinstated as a contributing member of the system shall not accrue any service credit under the system during the period of such employment. (b) Any retired member who is rehired by a covered employer and who elects to discontinue his retirement benefit and be reinstated as a contributing member of the system shall accrue service credit in accordance with W.S. 9-3-417(b) from the date the election is made. The accrual of credit shall continue during the period of any uninterrupted, covered employment.
(a) The selection of any optional benefit pursuant to W.S. 9-3-420 shall be in writing, signed by both the member and any designated beneficiary and filed with the system prior to the first benefit payment. (b) The election of an optional benefit is final and not subject to change unless a designated beneficiary dies prior to the first benefit payment. In such a case, the election is void, the member may designate a new beneficiary and may select a new option. Once the member receives a benefit payment, the option may not be changed for any reason including reemployment as a contributing member of the system or a second or subsequent retirement.