Excess Contributions
Revised: June 2009
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Email the linkContribution refunds may be payable to the terminating member in either of the following situations.
Post-1986 Excess Contributions (50% Rule)
A refund is payable to the terminated member if his or her pension contributions for service from January 1, 1987, plus interest, is greater than 50% of the commuted value of the deferred pension earned over the same period.
Pension contributions remitted to purchase credit for prior service with non-OPS employers, and for special/educational leaves of absence are excluded for the above calculation.