ARM 2.43.2324. GUARANTEED ANNUAL BENEFIT ADJUSTMENT COVERAGE – PERS, SRS, AND GWPORS

(1) Members of PERS, SRS, and GWPORS who terminate covered employment, accept a refund of their accumulated contributions, and return to covered employment in the same system on or after July 1, 2007, will be eligible for a 1.5% GABA. (2) Purchase of the refunded time does not affect the member's new hire date. The member will remain eligible for the 1.5% GABA, not the 3.0% GABA associated with the refunded time.