MEDICAL EXAMINING BOARD
For DISABILITY RETIREMENT
|55 ELM STREET
Telephone (860) 702-3480
Facsimile (860) 702-3489
|STATE OF CONNECTICUT|
RETIREMENT SERVICES DIVISION
OFFICE OF THE STATE COMPTROLLER
|ATTENTION:||All Human Resource and Payroll Officers|
|SUBJECT:||SEBAC 2011 Option to Retain Normal Grandfathered Retirement Date|
I . INTRODUCTION
II . GENERAL INFORMATION
III . SPECIFIC INFORMATION FOR COMPLETION OF FORM CO-997
IV . CONCLUSION
Very truly yours,
STATE EMPLOYEES RETIREMENT COMMISSION
KEVIN LEMBO, SECRETARY EX OFFICIO
Brenda K. Halpin, Director
Retirement Services Division
You are receiving this notice because you have been identified as a non-hazardous duty participant in either SERS Tier II or SERS Tier IIA Retirement Plan who was employed prior to July 1, 2011 and are still actively employed. The opportunity described below should only be considered if you anticipate retiring on or after July 1, 2022 and would like to retain the current Normal Retirement Date (NRD).
Beginning July 1, 2022 Normal Retirement Date will be raised to age 63 with 25 years of service or age 65 with 10 years of service. It is raised for anyone employed past this date that has not already attained their NRD under the prior provisions. This letter explains an opportunity for eligible members to make a one-time irrevocable option to retain a normal retirement date of age 60 with 25 years of service or age 62 with 10 years of service. This opportunity has no bearing on early retirement. Choosing this option will require an additional contribution on a continual basis beginning the first full pay period following 7/1/2013 through separation from service or until you reach this retirement age.
You are eligible for this one-time irrevocable opportunity if you are a current, active member of the above groups and were employed prior to July 1, 2011. Terminated, vested, or retired participants are not eligible to take advantage of this opportunity.
All employees are required to complete the Option to Retain Grandfathered Normal Retirement Date for the State Employees Retirement System form (CO-997) in order to opt in or waive this opportunity. Please obtain this form by visiting the State Comptroller's website at http://www.osc.ct.gov/agencies/forms/word/CO-997withoutq&a.rtf or at your Human Resources office.
The forms must be completed and signed prior to July 1, 2013 and returned to your Human Resources Office. Should you need assistance in completing this form, please contact your authorized Human Resources Officer. Once we receive your paperwork for this election it cannot be revoked for any reason.
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