Section 1. Notwithstanding any general or special law, rule or regulation to the contrary, the Webster Retirement Board shall credit Chris W. Jolda, a member of the Webster Retirement System, with creditable service for the period of 1/1/1977 to 7/1/2012, inclusive, for employment with the Town of Webster Rescue Service, for the purpose of determining retirement benefits pursuant to sections 5 or 10 of chapter 32 of the General Laws. Before the date that any retirement allowance becomes effective Chris W. Jolda, shall pay into the annuity savings fund of the Webster Retirement System in one (1) sum or installments, upon such terms and conditions as the Webster Retirement Board may prescribe, an amount equal to the retirement contributions such member would have otherwise paid into the Webster Retirement System from his regular compensation for such previous service, plus buyback interest.
Section 2. Notwithstanding any general or special law, rule or regulation to the contrary, the Webster Retirement Board shall credit Kevin P. Adams, a member of the Webster Retirement System, with creditable service for the period of 4/1/1990 to 7/1/2012, inclusive, for employment with the Town of Webster Rescue Service, for the purpose of determining retirement benefits pursuant to sections 5 or 10 of chapter 32 of the General Laws. Before the date that any retirement allowance becomes effective Kevin P. Adams, he shall pay into the annuity savings fund of the Webster Retirement System in one (1) sum or installments, upon such terms and conditions as the Webster Retirement Board may prescribe, an amount equal to the retirement contributions such member would have otherwise paid into the Webster Retirement System from his regular compensation for such previous service, plus buyback interest.
Section 3. Chris W. Jolda and Kevin P. Adams shall have a period of 5 years from the passage of this act in order to exercise the buy-back options as authorized in Section 1 and Section 2 of this bill.
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