PERAC Memo #4 - 2013: Buyback and Make-up Repayment Worksheets Using Buyback Interest
Buyback and Make-up Repayment Worksheets Using Buyback Interest
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PERAC Memo #4/2013 transmits updated instructions, worksheets, and a cumulative interest factor sheet for calculating buyback and make-up repayments using buyback interest for calendar year 2013, applicable to the various G.L. c. 32 provisions referenced in Memos #13/2005 and #28/2008. Boards should use these updated tools for all applicable buyback/make-up calculations performed during 2013, and may contact John Boorack with questions.
Full Text
PERAC MEMO # 4/2013
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 9, 2013
Enclosed are the instructions, worksheets for calculating buybacks/make-ups, and cumulative interest factor sheet for calendar year 2013 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), 3(8)(b), 4(1)(g½), 4(1)(l), 4(1)(l½), 4(1)(l¾), 4(1)(n), 4(1)(n½), 4(1)(p), 4(1)(r), 4(1)(s) and 4(2)(c) as referenced in PERAC Memos #13/2005 and #28/2008.
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
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