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Pension Plan |
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CERF Pension Plan
Creditable Service Overview
“Creditable service” is used to
calculate the amount of your benefit under the CERF Pension Plan.
For this reason, it is very important for you to understand how
service is determined.
Creditable service is any period of
employment in an eligible position and in a participating county.
Absences for sickness or injury that are less than 12 months in
duration also count as creditable service, provided your absence is
considered a medical leave by the county and you have not terminated
employment. You will also receive creditable service for qualified
leaves of absence for military service.
There are, however, periods of
employment that do not count as creditable service unless the
service is purchased. These periods include:
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A period during which you opted
out of the plan;
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If you are rehired, any service that
you lost because you terminated employment before becoming
vested;
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If you are a part-time employee, the
period of service in which you obtained 1,000 hours
before you became a plan participant; or
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Any period in which you fail to make
the required contributions for any reason (i.e., if you want to
receive credit for service during a military leave, you must buy
back your service for this period of time).
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