(a) Contribution refund prior to vesting. Any group VI firefighter who is voluntarily or involuntarily separated from the service of the city before the group VI firefighter is vested shall be entitled to receive the amount of the group VI firefighter's contributions plus regular interest less any amount previously paid to the group VI firefighter from the fund.
(b) Contribution refund after vesting in lieu of vested terminated pension. Any vested group VI firefighter who is voluntarily or involuntarily separated from the service of the city may elect to receive a refund of the group VI firefighter's contributions, plus regular interest, less any amount previously paid to the group VI firefighter from the fund, either at the date of such separation or at any time thereafter prior to commencement of retirement benefit, but by so doing, the group VI firefighter shall forfeit all rights under the fund and thereafter be entitled to no further benefits hereunder.
(c) Vested terminated pension.
(1) A vested terminated group VI firefighter shall be entitled to receive a vested terminated pension payable:
a. In full, pursuant to § 2.5-75(a); or
b. In a reduced amount commencing on or after age 50 pursuant to § 2.5-75(c).
(2) A vested terminated group VI firefighter must file a request for the commencement of the vested terminated pension by completing such forms and following such procedures as are established by the board. A vested terminated pension shall be payable monthly on the first day of each month commencing with the month following approval of the group VI firefighter's vested terminated pension by the board.
(Ord. 21459-09-2014, § 2, passed 9-16-2014; Ord. 22977-10-2017, § 1, passed 10-24-2017; Ord. 23516-12-2018, § 1, passed 12-11-2018)