SECTIONS 23200-23203 - California Statutes

EDUCATION CODE

SECTION 23200-23203

23200. (a) If a person, whose accumulated retirement contributions
have been refunded, again becomes a member of the Defined Benefit
Program or is subject to Section 23201, the person may request to
redeposit all or a portion of those contributions with regular
interest from the date of refund to the date of payment.
(b) If a nonmember spouse, as defined in Section 22651, withdraws
accumulated contributions in accordance with Section 22661, the
member may redeposit all or a portion of those contributions pursuant
to subdivision (a), providing he or she is not receiving an
allowance under Chapter 26 (commencing with Section 24100) or Chapter
27 (commencing with Section 24201).
(c) If a member requests to redeposit a portion of all accumulated
retirement contributions that were previously refunded subject to
requirements imposed by the board, the member shall receive pro rata
service credit in proportion to the amount redeposited.

23201. Any person whose accumulated retirement contributions were
refunded, who wishes to establish concurrent membership, and who has
received, or will qualify to receive, a retirement allowance from one
or more of the retirement systems defined in Section 22115.2, may
request to redeposit all or a portion of the accumulated retirement
contributions that were refunded, with regular interest from the date
of refund to the date of payment, without being employed to perform
creditable service subject to coverage under the Defined Benefit
Program.

23202. (a) An election pursuant to Section 23200 to redeposit
accumulated retirement contributions may be made by a member anytime
prior to the effective date of the member's retirement under this
part.
(b) An election to redeposit accumulated retirement contributions
returned to the member shall be considered as an election to repay
accumulated retirement contributions previously returned, up to but
not exceeding the amount required to restore the total service credit
returned, under the provisions of this chapter.
(c) If any payment due because of this election is not received at
the system's headquarters office, as established pursuant to Section
22375, within 120 days of its due date, the election shall be
canceled. Upon the cancellation of election, the member shall receive
credit for the payments made under the election or, at the request
of the member, those payments shall be returned.
(d) If the election is canceled, the member may at any time prior
to the effective date of retirement under this part, again elect to
redeposit accumulated retirement contributions previously withdrawn
or returned, in accordance with Section 23200 and all the laws,
rules, and regulations pertaining thereto.

23203. (a) A member who elects to redeposit refunded accumulated
retirement contributions shall pay, prior to retirement, all
contributions and interest as determined under Section 23200.
(b) If the system is unable to inform the member or beneficiary of
the amount required to redeposit the refunded accumulated retirement
contributions prior to the effective date of the applicable
allowance, the member or beneficiary may make the required payment
within 30 working days after the date of mailing of the statement of
contributions and interest required or the effective date of the
appropriate allowance, whichever is later. The payment shall be paid
in full before a member or beneficiary receives any adjustment in the
appropriate allowance due because of that payment.
(c) Redeposit of refunded accumulated retirement contributions
shall be made in one sum, or in not more than 120 monthly
installments, not to exceed ten years, provided that no installment,
except the final installment, is less than twenty-five dollars ($25).