807 CMR, § 13.04 - Transfers In

(1) Except as provided in 807 CMR 13.04(2) and (3), any Transferee into the MTRS who is not a mandatory RetirementPlus participant shall have an Election Opportunity.

(2) Because an election opportunity is irrevocable, any Transferee into the MTRS who, since his/her date of membership (or re-establishment of membership after a refund), has made an election to participate or not participate in RetirementPlus (or who failed to so elect when an opportunity was available), shall not have another Election Opportunity. The rights of such a Transferee shall be governed by his or her previous election or non-election.

(3) Any Transferee into the MTRS who is or was a mandatory participant in RetirementPlus shall not have an Election Opportunity.

Notes

807 CMR, § 13.04

Amended by Mass Register Issue 1483, eff. 11/14/2022 (EMERGENCY). Amended by Mass Register Issue 1490, eff. 11/14/2023 (COMPLIANCE).