A Participant who remains an active City employee, who commences participation in one of the City’s other retirement plans and who meets the eligibility requirements of any other “eligible deferred compensation plan” sponsored by the City, may elect to transfer the Participant’s membership in the Pension Savings Plan and any amounts credited to the Participant’s investment account to the City’s Deferred Compensation Plan. Upon transfer to a position which provides for membership in one of the City’s other retirement plans, both Participant and City contributions to the Pension Savings Plan shall cease.
SECTION HISTORY
Added by Ord. No. 169,047, Eff. 10-23-93.