Chapter 18 PENSIONS*
Section 18-75 Refunds.
the covered employment of a covered firefighter employee
shall, have the right to withdraw in a lump sum from the fund contributions which
lump sum withdrawl shall include
on the contribution
at the annual
investment rate of return of the fund as determined by the annual actuarial report for each year in
which contributions were made by the covered employee, compounded annually from the last
day of the calendar year in which such covered employee contributions are made to the date of
withdrawal. Withdrawal of contributions by a covered firefighter employee under this division
shall terminate all rights to benefits unless reinstated as herein provided.
A covered firefighter employee who has withdrawn the contributions made by the employee with
interest under the provisions of subsection (a) or received a lump-sum distribution under section
) may, in the event of reemployment as a covered employee, reinstate benefits thereby
forfeited within twelve (12) months from the date of reemployment by repaying to the fund the
contributions and interest withdrawn from the fund or the lump-sum distribution, plus interest on
the sum in the amount of the annual investment rate of return of the fund as determined by the
annual actuarial report for each year that the contribution remained withdrawn from the fund,
compounded annually from the date the sum was withdrawn or lump-sum distribution was made
to the date of repayment. The time which a covered firefighter is absent from covered
employment shall not be deemed to be reinstated by the repayment of prior contributions.
the covered employment of a covered firefighter
is terminated by the
death and the
is not entitled to plan benefits other than the
authorized by section 18-72(
), the contributions of
to this plan
and any amounts
contributed to this plan
and picked up by the city under code section 414(h) for the deceased
shall be refunded or distributed, upon request, to the estate of the deceased
. Interest on the contributions or distributions so refunded shall be calculated as above.
(Code 1964, § 9.2030; Ord. of 12-20-82; Ord. No. 11744, § 1, 1-4-88; Ord.
No. 12868, § 1, 2-4-91; Ord. No. 13792 § 1, 9-7-93; Ord. No. 018160, § 1, 7-6-04;
Ord. No. 21455, § 1, 9-17-12
(Ord. 21455, Amended, 09/17/2012, Prior Text; Ord. 018160, Amended, 07/06/2004, Prior Text)