8934

Participation in the Program may be canceled subject to the following rules. If an employee cancels his/her participation on or before the first forty-eight (48) months, the Administrator shall reimburse the contributions he/she has made, without interests, within ninety (90) days after the end of such forty-eight (48)-month term. Interest accrual in the Program begins as of the forty-eighth (48th) month. If an employee cancels his/her participation between the forty-ninth (49th) month and the end of the ten (10)-year term, the Administrator shall reimburse the contributions he/she has made, plus half the interests accrued as of the date on which the cancellation becomes effective. To ensure a smooth process in cases of early termination of Program participation, the Administrator shall establish an annual period to file and process such applications.\nHistory —Dec. 30, 2010, No. 243, § 4.