Current through Register Vol. XLI, No. 37, September 13, 2024
Section 162-5-4 - Service Credit4.1. In crediting service to full-time employees paid on a salary basis: 4.1.a. A day of service means a day in which an employee works or has worked four (4) or more hours for the state or other participating public employer with pay.4.1.b. The Board shall credit a member with a calendar month of service for any calendar month in which the employee received one-half or more of the employee's normal monthly salary. For any calendar month in which the employee received less than one-half of his or her normal monthly salary, no service credit shall be credited to the employee in that calendar month.4.1.c. The Board shall credit ten (10) or more months of service in a calendar year as a calendar year's service.4.2. The Board shall credit any full-time employee hired and paid by a participating public employer on an hourly basis with one month's contributing service for each one hundred twenty (120) hours of work paid by his or her employer in a calendar year.4.3. Total service credit when combined in any calendar year shall not exceed twelve (12) months under the Retirement System.