Follow Up Message from Ann Smith
When reading my message which MEA sent on Wednesday, June 23, 2010, related to the Appellate Court’s decision in the purchase of service credit case, please be aware that the effects of this litigation and the decision of the 4th DCA will apply to all “air time” service credits actually purchased during the period August 1, 2003, through November 1, 2003, or for which an application to purchase was submitted during the same period. Because SDCERS was inundated with applications to purchase service credits at the lower rates during this “window period” from August 15, 2003, through November 1, 2003, hundreds of purchases were not actually completed until after November 1, 2003. These purchases will nevertheless be affected by this ruling if the application for the “air time” service credit purchase was made to SDCERS from August 15, 2003, through November 1, 2003.
In addition, I stated that “On June 7, 2007, the Fourth District Court of Appeal issued its decision affirming the trial court’s ruling.” That year is incorrect, however, the correct date is June 7th, 2010.