Mich. Admin. Code R. 38.43 - Layoff; eligibility for purchase of buy-in credit; refund repay; resuming tax deferred payment (TDP) agreement

Rule 43. For up to 1 calendar year after the effective date of a layoff, the individual laid off may purchase buy-in credit, repay a refund and, if returned to work, resume TDP payments on an existing agreement. If a layoff extends beyond a 1-year period, then the laid-off individual ceases to be eligible to purchase buy-in credit, repay a refund or, if returned to work, resume TDP payments on an existing agreement, unless the member demonstrates a continued employer-employee relationship as determined by the staff of the retirement system.

Notes

Mich. Admin. Code R. 38.43

2008 AACS