(a) Refund of contributions. Except as provided in subsection (b), a participant whose employment is terminated before the participant becomes eligible for a retirement benefit is entitled to receive a refund of accumulated contributions, and the refund shall be instead of other rights and benefits of the participant under this title.
(b) Reemployment less than 12 months after termination. A participant who terminates employment before the participant’s normal retirement date may return to participation in the plan and be entitled to the rights and benefits of a participant under this title, including credit for years of service prior to termination, if:
(1) the former participant is reemployed in a classification that is eligible to participate in the plan less than 12 months from the date of termination; and
(2) (i) if the former participant terminated employment and was reemployed on or after April 13, 2024, the former participant repays the refund of accumulated contributions under subsection (a) within 30 days of reemployment; or
(ii) if the former participant terminated employment and was reemployed prior to April 13, 2024, the former participant repays the actuarially equivalent amount of the refunded contributions received when employment was terminated, at the election of the former participant: in a lump sum within 60 days of April 13, 2024; through bi-weekly after-tax payroll deductions over a period of up to three years; or through a combination of a partial lump sum payment within 60 days of April 13, 2024 and payroll deductions, as approved by the Personnel Officer.
(1985 Code, Art. 7, § 5-201) (Bill No. 90-01; Bill No. 93-23)