Current with changes from the 2024 Legislative Session
Section 23-406 - Reduction of allowance when accumulated contributions are not repaid(a) The Board of Trustees shall reduce a member's allowance if the member:(1) received any accumulated contributions, other than additional contributions, in connection with a prior separation from employment;(2) is credited with prior eligibility service; and(3) does not repay, with interest to the date of retirement, the amount received.(b) A reduction under subsection (a) of this section shall equal the actuarial equivalent of the amount, including interest, that is not repaid.