| (a) Section 852.108(a) of the Act is interpreted to
mean that a person's reemploying municipality is the municipality
for which the person most recently performed creditable service before
the person's retirement with respect to a particular individual account
of the person under the Act.
(b) When the system discontinues and suspends the payment
of a service retirement annuity pursuant to §852.108(c) of the
Act, the full amount of the monthly payments of the service retirement
annuity that is allowed because of the person's retirement from the
reemploying municipality (including any portion of the annuity that
may be attributable to creditable service as a prior employee of a
participating municipality(ies) other than the reemploying municipality)
shall be suspended.
(c) If a person is receiving more than one service
retirement annuity because the person has a retirement with respect
to more than one individual account, only the retirement annuity that
is allowed because of the person's retirement from the reemploying
municipality (including any portion of the annuity that may be attributable
to creditable service as a prior employee of a participating municipality(ies)
other than the reemploying municipality) shall be suspended as a result
of returning to work for that reemploying municipality.
(d) For purposes of §852.108(h)(2) of the Act,
the basic annuity determined pursuant to §852.108(h)(2)(A) of
the Act is actuarially determined from the sum of the member's contributions
made and accumulated since the date the person last became a member,
together with interest accumulated on that amount since the person
last became a member and an amount from the benefit accumulation fund
equal to the amount of the member's contributions credited to the
member's individual account since the person last became a member
together with interest accrued on that amount since the person last
became a member.
(e) For purposes of clarification, §852.108(i)
of the Act applies only in the event that, under §852.108(h)
of the Act, a person selects a benefit payable as an annuity pursuant
to §852.108(h)(2) of the Act and does not apply in the event
that the person selects a refund of accumulated contributions pursuant
to §852.108(h)(1) of the Act.
(f) For purposes of §852.108(j)(2) of the Act,
at least eight consecutive years must have passed since the person's
most recent effective retirement date from the reemploying municipality
before the person resumes employment with the reemploying municipality.
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