STATE EMPLOYEES
RETIREMENT COMMISSION
COMPTROLLER'S SEAL STATE OF CONNECTICUT 55 ELM STREET
HARTFORD, CONNECTICUT
06106-1775
TELEPHONE: (860) 702-3480
TELEFAX:(860) 702-3489
MEDICAL EXAMINING BOARD
for DISABILITY RETIREMENT
HEALTH CARE COST
CONTAINMENT COMMITTEE
STATE OF CONNECTICUT
RETIREMENT SERVICES DIVISION
OFFICE OF THE STATE COMPTROLLER

RETIREMENT SERVICES DIVISION MEMORANDUM 2009-08

June 16, 2009

TO THE HEADS OF ALL STATE AGENCIES

ATTENTION: All Human Resources and Payroll Officers
SUBJECT: DEADLINE TO PARTICIPATE IN THE 2009 RETIREMENT INCENTIVE PROGRAM (RIP) FOR MEMBERS OF THE STATE EMPLOYEES RETIREMENT SYSTEM

By memorandum dated May 26, 2009 the Retirement Services Division (Division) discussed the 2009 Retirement Incentive Program (RIP). Among the subjects of discussion were the eligibility rules; specifically, the RIP provides three incentive years of credit to a State Employees Retirement System (SERS) member who:

1. is a full-time or part-time state employee in active status on the work day immediately preceding his or her effective date of retirement; and
2. is at least fifty-five years of age on or before June 30, 2009 with a minimum ten years of actual state service credited in SERS prior to the effective date of retirement, exclusive of the incentive chips provided by the RIP; or
3. has twenty or more years of actual hazardous duty state service prior to the effective date of retirement, exclusive of the incentive chips provided by the RIP, at any age; and
4. elects to retire on either on June 1, 2009 or July 1, 2009 provided that the member's written application is received by the Division on the last working day prior to the effective date of retirement; and
5. makes application for early, normal or hazardous duty benefits, whichever is applicable.

As July 1, 2009 approaches, it is important to stress that the deadline is Tuesday June 30, 2009 at 4:30 P.M. for submission of July 1, 2009 retirement applications to the Division. For any eligible employee whose retirement is being deferred under the restricted circumstances described in Division memoranda dated May 29, 2009, the Form CO-1101 must also be received by the Division no later than close of business on June 30, 2009.

Any SERS member whose retirement application with an effective date of July 1, 2009 is received by the Division after June 30, 2009 shall not be eligible for the three incentive years provided by the 2009 RIP.


Very truly yours,
STATE EMPLOYEES RETIREMENT COMMISSION
NANCY WYMAN, SECRETARY EX OFFICIO

BY:

Mark E. Ojakian, Deputy Comptroller and Division Director
Retirement Services Division

MEO/cn

Return to Index of 2009 Retirement Division Memoranda
Return to Index of Comptroller's Memoranda
Return to Comptroller's Home Page