Section 20-209 - Use of forfeiture of benefits.
§ 20-209. Use of forfeiture of benefits.
(a) Payment of benefit increases prohibited.- In conformity with § 401(a)(8) of the Internal Revenue Code, any forfeiture of benefits by a member or former member of the several systems may not be used by the Board of Trustees to pay benefit increases.
(b) Reduction of employer contributions allowed.- Any forfeiture of benefits by a member shall be used to reduce employer contributions.
[2009, ch. 561.]