Vermont Statutes Title 24 Sec. 5053
Terms Used In Vermont Statutes Title 24 Sec. 5053
- Board: means the Board of Trustees of the System provided for in section 5062 of this title to administer the System. See
- Continuous service: means those periods of service as an employee with all employers, provided all of the following conditions are met:
- Employee: means the following persons employed on a regular basis by a school district or by a supervisory union for no fewer than 1,040 hours in a year and for no fewer than 30 hours a week for the school year, as defined in 16 V. See
- Employer: means a municipality, a library at least one-half of whose operating expenses are paid from municipal funds, or a supervisory union. See
- Member: means any employee included in the membership of the Retirement System under section 5053 of this title. See
- Month: shall mean a calendar month and "year" shall mean a calendar year and be equivalent to the expression "year of our Lord. See
- Municipality: means a city, town, county, incorporated village, fire district, consolidated water district, housing authority, union municipal district, school district, incorporated school district, union school district, or any of their instrumentalities. See
- Retirement: means withdrawal from active service with a retirement allowance granted under the provisions of this chapter. See
- said: when used by way of reference to a person or thing shall apply to the same person or thing last mentioned. See
- System: means the Municipal Employees' Retirement System of Vermont, as defined in section 5052 of this title. See
§ 5053. Members
(a) An employee of an employer who joins the Vermont Municipal Employees’ System may become a member of the System on the effective date of participation of said employer or at a later date if he or she has completed three or more years of continuous service as an employee. If an employee does not elect to join on the effective date of the System, he or she may join on the first of any subsequent month.
(b) Any employee who is hired subsequent to the effective date of participation of his or her employer shall become a member of the System on the date the employee is hired.
(c) A municipality may elect to join the Vermont Municipal Employees’ Retirement System by a vote of the legislative body of such municipality for all its employees or for employees of one or more groups of employees that have a similarity of interest, needs, and general conditions of employment or dates of hire, as determined by the legislative body and approved by the Board. The effective date of participation for such employers shall be designated by the Retirement Board. The vote by the legislative body of a municipality to join the Vermont Municipal Employees’ Retirement System shall be irrevocable.
(d) The Retirement Board may, upon application of the legislative body and an employee, exempt individual employees from membership in the System, provided that the Board determines that the employee is participating in an alternative retirement system, including a retirement plan qualifying under Section 401(a) or 457 of the Internal Revenue Code, which better meets the retirement needs of the employee. (Added 1973, No. 251 (Adj. Sess.), § 3. 1974; amended 1977, No. 205 (Adj. Sess.), § 2; 1987, No. 39, § 2; 1989, No. 11, § 6, eff. July 1, 1990; 1991, No. 233 (Adj. Sess.), § 2; 1995, No. 118 (Adj. Sess.), § 1; 1999, No. 53, § 12; 1999, No. 158 (Adj. Sess.), § 17; 2007, No. 13, § 38; 2009, No. 24, § 9; 2013, No. 115 (Adj. Sess.), § 3.)