Chapter 353F — Purpose and Intent

353F.01 Purpose and Intent This section explains the purpose of the chapter, which is to protect public pension benefits for employees whose … 353F.02 Definitions This section defines key terms used in the privatization pension chapter, including privatized employer, privatized … 353F.025 Withdrawal Liability This section establishes withdrawal liability for privatized employers. When an employer leaves PERA, it may owe money … 353F.03 Vesting Rule for Certain Employees This section provides special vesting rules for employees who were covered by PERA when their employer was privatized. … 353F.04 Augmentation Interest Rates for Privatized Employees This section sets augmentation interest rates for pension benefits of privatized employees. Augmentation is the increase … 353F.05 Authorization for Additional Allowable Service for Early Retirement Purposes This section allows privatized employees to purchase additional allowable service credit in PERA for early retirement … 353F.051 Continuation of Disability Coverage This section allows privatized employees to continue receiving disability coverage under PERA for a period after … 353F.052 Application of Surviving Spouse, Dependent Child Provision This section extends surviving spouse and dependent child benefit provisions to privatized employees. If a privatized … 353F.057 Termination From Service Requirement This section establishes when a privatized employee is considered to have terminated service for purposes of PERA … 353F.06 Application of Reemployed Annuitant Earnings Limitations This section explains how earnings limitations for reemployed annuitants apply to privatized employees. If you are … 353F.07 Effect on Refund This section explains how refund rights work for privatized employees. It addresses what happens to contributions and … 353F.08 Counseling Services This section requires counseling services to be provided to employees affected by privatization. The services help … 353F.09 Application to Sales of Privatized Employers This section applies the privatization pension rules to situations where a privatized employer is later sold to another …