The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
001
:
GENERALLY
(Cite as: 3 V.S.A. § 463)
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§ 463. Reinstatement
(a) Should a disability beneficiary be restored to service or should any other beneficiary
be restored to service, his or her retirement allowance shall cease, and the beneficiary
shall again become a member of the Retirement System. Anything in this subchapter
to the contrary notwithstanding, upon his or her subsequent retirement, he or she
shall be credited with all the service creditable to him or her at the time of his
or her former retirement. However, if such beneficiary is restored to membership after
the attainment of 55 years of age, his or her pension upon subsequent retirement shall
not exceed the sum of the pension that he or she was receiving immediately prior to
his or her last restoration to membership and the pension that may have accrued on
account of membership service since his or her last restoration to membership, provided
that the rate percent of his or her total pension on his or her subsequent retirement
shall not exceed the rate he or she would have received had he or she remained in
service during the period of prior retirement.
(b) A member who has been reemployed is entitled to prior service credit upon depositing
in the fund the contributions that would have been deducted from the member’s compensation
had he or she remained a member with interest as set forth in subdivision 473(c)(1) of this title. The member in order to qualify for the prior service credit must also deposit in
the fund a sum equal to the contributions that would have been contributed by the
State had he or she remained a member with interest as set forth in subdivision 473(c)(1) of this title. (Added 1971, No. 231 (Adj. Sess.), § 4; amended 1981, No. 41, § 11; 1989, No. 277 (Adj. Sess.), § 17n, eff. Jan. 1, 1991; 2007, No. 13, § 5; 2015, No. 18, § 12.)