Service credit buyback also counts toward UCRP vesting and eligibility for preretirement survivor income. For more information about service credit and how it affects your UCRP benefits, see the appropriate Summary Plan Description . Contribution rates vary depending on the dates of the leave. Please see your Benefit Representative. Interest is charged from the date you return to work to the date payment is completed.
Interest is charged to the date payment is completed.
See the Summary Plan Description . Reductions in time under TRIP and TRIT are not leaves of absence and are not subject to the four-week limit. This includes federal, state, city or county retirement systems. If you accrue service credit in another publicly funded defined benefit plan while on leave, you may not buy back the same period in UCRP unless you certify you have received a refund of all contributions you may have made to the other plan and that you will not derive a benefit from that plan. In a defined benefit plan, benefits derive from a formula that includes accrued service credit, rather than from contributions and interest or earnings.