Section 495.8.6. Adjustments.

Latest version.

If an error in the service purchase cost is discovered or a member’s account is adjusted in any manner after a purchase is made, IPERS may rescind the service purchase, make adjustments to the service purchase cost, or adjust the retirement allowance to ensure the active or retired member is paying the actuarial cost of buying additional service.
[ARC 1887C, IAB 2/18/15, effective 3/25/15]

                    
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