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Does the definition of regular compensation impact payments made prior to June 30, 2009?

April 26, 2017compensation definition impact june 30 2009 PAYMENTS prior regular

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Does the definition of regular compensation impact payments made prior to June 30, 2009?

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The new definition of regular compensation established by Chapter 21 does not impact payments made prior to July 1, 2009. Regular compensation status for payments made prior to July 1, 2009 will be determined according to the “old” definition. As a result there will be instances in which a member’s three year average will include regular compensation which is determined under both definitions. For example, regular compensation for June 30, 2007 to June 30, 2008 and for July 1, 2008 to June 30, 2009 will be determined under the “old” definition and regular compensation for July 1, 2009 to June 30, 2010 will be determined under the definition established by Chapter 21. PERAC WILL CONTINUE TO POST ADDITIONAL QUESTIONS AND ANSWERS IN THE COURSE OF THE NEXT SEVERAL DAYS.