In order to reimburse the public employees' retirement system for any increased costs
occasioned by the provisions of this chapter which affect the retirement system, the
director of retirement systems shall, within thirty days of the date upon which any
affected employee elects to take advantage of the retirement provisions of this chapter,
determine the increased present and future cost to the retirement system of such employee's
election. Upon the determination of the amount necessary to offset the increased cost, the
director of retirement systems shall bill the department of enterprise services for
the amount of the increased cost: PROVIDED, That such billing shall not exceed eight
hundred sixty-one thousand dollars. Such billing shall be paid by the department as, and the same shall be, a proper
charge against any moneys available or appropriated to the department for this purpose.
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