Sec. 7-442b. Transfer of retirement credit between municipal and state systems. Purchase of credit for prior state service.

(b) Any member of the municipal employees' retirement system who was previously a member of tier I of the state employees retirement system and who, pursuant to section 5-166 , withdrew all his contributions in the State Employees Retirement Fund upon leaving state employment shall be credited, for retirement purposes under this chapter, with such period of prior state service upon payment into the Municipal Employees' Retirement Fund of an amount equal to the total of all contributions and interest refunded to him from the State Employees Retirement Fund plus five per cent interest on such refunded amount from the effective date of his withdrawal from the state fund to the date of his application for credit under this subsection. Any application for such credit shall be made to the Retirement Commission on or before January 1, 1992, or within one year after the applicant becomes a member of the municipal employees' retirement system, whichever is later. Cited. 178 C. 23.