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ELECTED OFFICIAL OPTIONS <br /> Quick Reference <br /> <br />Present PERA <br />Coordinated or Basic <br />Members <br /> <br />· If electing DCP <br /> <br />If electing to remain in <br />the Coordinated or Basic <br />Plan <br /> <br />· If electing DCP. <br /> <br />· If electing Coordinated <br /> Plait. <br /> <br />· If remaining out of both <br /> PEIM plans. <br /> <br />With Past <br />Elective Service <br /> <br />May elect DCP from July 1, <br />1990 through June 30, 1991 and <br />pay 5 percent contributions on <br />future salary. Participant may <br />then apply for a refund of <br />PERA employee contributions, <br />or defer an annuity, if member <br />has at least 3 years of service. <br />In addition, may pay <br />contributions on past uncoverd <br />service and invest them in DCP. <br /> <br />Continue Coordinated <br />contributions of 4.23 percent <br />(or 8.23 if Basic) of future <br />salary to PERA. Also, may <br />purchase past uncovered <br />service at actuarial cost. <br /> <br />May elect DCP anytime while <br />in office and contribute 5 <br />percent of future salary to <br />PERA. In addition, may pay <br />past contributions on previous <br />uncovered elective service and <br />invest them in DCP. <br /> <br />May elect to enroll in the <br />Coordinated Plan anytime <br />while in office and contribute <br />4.23 percent of future salary to <br />PERA. May also: a) purchase <br />past uncovered service at <br />actuarial cost, and b) repay a <br />PERA refund 18 months after <br />reinstatement. <br /> <br />No options to exercise. <br /> <br />Without Past <br />Elective Service <br /> <br />May elect DCP from July 1, <br />1990 through June 30, 1991 and <br />contribute 5 percent of future <br />salary to PERA's DCP. <br /> <br />Continue Coordinated <br />contributions of 4.23 percent <br />(or 8.23 if Basic) of future <br />salary to PER.& <br /> <br />May elect DCP anytime while <br />in office and contribute 5 <br />percent of future salary to <br />PERA. <br /> <br />May elect to enroll in the <br />Coordinated Plan anytime <br />while in office and contribute <br />4.23 percent of future salary to <br />PERA. <br /> <br />No options to exercise. <br /> <br /> <br />