13-14,104. Same; refund of contributions upon termination of employment, when; extension of benefits to certain employees.
13-14,104
13-14,104. Same; refund of contributions upon termination of
employment, when; extension of benefits to certain employees.
Elective or appointive officers or employees who desire to withdraw from
such city pension or retirement plan or who leave the employment of the
city at any time before their right to retirement under the provisions of
this act shall, at the option of such officer or employee, be paid all sums
deducted from their salary during the term of their employment with such
city, without interest: Provided, however, That should any such
elective or appointive officer or employee return to the service of such
city he or she shall not be credited with the number of years served prior
to so leaving the employment of such city unless such sum was not withdrawn
upon leaving the employment of the city or if withdrawn shall be returned
to such city: And provided further, That any such elective and
appointive city officer and employee who has served the city for an
aggregate of twenty (20) years or more, and who leaves the employment of
such city at any time before retirement, may leave all sums deducted from
his or her salary with such city and upon reaching the age of retirement as
provided herein shall be entitled to the retirement benefits of this act.
History: L. 1939, ch. 121, § 8; L. 1953, ch. 93, § 4; L. 1955, ch. 103, § 6;
June 30.