PERAC Memo #11 - 2007: Buyback and Make-up Repayment Worksheets Using Buyback Interest
Buyback and Make-up Repayment Worksheets Using Buyback Interest
View original on MA State Library →Summary
PERAC Memo #11/2007 provides retirement boards with updated buyback/make-up repayment worksheets and a cumulative interest factor sheet for calendar year 2007, to be used when calculating service buybacks and make-ups under the specified G.L. c. 32 provisions (as outlined in Memo #13/2005). Boards should use these new 2007 worksheets and interest factors going forward for all applicable buyback/make-up calculations, and may contact John Boorack with questions.
Full Text
Memorandum # 11/2007
M E M O R A N D U M TO: All Retirement Boards FROM: Joseph E. Connarton, Executive Director RE: Buyback and Make-up Repayment Worksheets Using Buyback Interest
DATE: January 22, 2007
Enclosed are the instructions, worksheets for calculating buybacks/make-ups, and cumulative interest factor sheet for calendar year 2007 using buyback interest. These worksheets are to be used for buybacks and make-ups to be calculated under G.L. c. 32, §§ 3(3), 3(4), 3(4A), 3(5), 3(6)(c), 3(6)(d) and 3(8)(b) as referenced in PERAC Memo #13/2005.
If you have any questions or need assistance in using this form, do not hesitate to call John Boorack at 617-666-4446 ext. 935.
Enclosures