PERAC Memo #10 - 2008: Buyback and Make-up Repayment Worksheets Using Regular Interest
Buyback and Make-up Repayment Worksheets Using Regular Interest
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PERAC Memorandum #10/2008 provides updated worksheets and instructions for calculating buyback and make-up repayments using regular interest for calendar year 2008, applicable to the specific G.L. c. 32 provisions referenced in Memo #13/2005 (§§4(1)(g½), 4(1)(l), 4(1)(l½), 4(1)(n), 4(1)(o), 4(1)(o½), 4(1)(p), and 4(2)(c)). Boards should use these updated worksheets going forward for any applicable buyback/make-up calculations processed in 2008, and may contact John Boorack with questions.
Full Text
MEMORANDUM #10, 2008 M E M O R A N D U M TO: All Retirement Boards FROM: Joseph.Connarton, Executive Director RE: Buyback and Make-up Repayment Worksheets Using Regular Interest DATE: January 28, 2008 Enclosed are the instructions and worksheets for calculating buybacks/make-ups for calendar year 2008 using regular interest. These worksheets are to be used for buybacks and make-ups to be calculated under G.L. c. 32, §§4(1)(g½), 4(1)(l), 4(1)(l½), 4(1)(n), 4(1)(o), 4(1)(o½), 4(1)(p) and 4(2)(c) 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.
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