If a member terminates his or her employment as a Firefighter, either voluntarily or by discharge, and is not eligible for any other benefits under this system, the member shall be entitled to the following:
(A) If the member has less than ten years credited service upon termination, the member shall be entitled to a refund of his or her accumulated contributions or the member may leave them deposited with the Fund.
(B) If the member has ten or more years of credited service upon termination, the member shall be entitled to a monthly retirement benefit, determined in the same manner as for normal retirement and based upon the member's credited service, average final compensation and the benefit accrual rate as of the date of termination, payable to him or her commencing at the member's otherwise normal retirement date, determined based upon his or her actual years of credited service, provided he or she does not elect to withdraw his or her accumulated contributions and provided the member survives to his or her otherwise normal retirement date. If the member does not withdraw his or her accumulated contributions and does not survive to his or her otherwise normal retirement date, his or her designated beneficiary shall be entitled to a benefit as provided herein for a deceased member, vested or eligible for retirement under pre-retirement death.
(Ord. O-2010-30, passed 7-21-10)