(A) As regards any member of the system of the effective date of this subchapter, his total years of continuous service from date of employment with the city to date of retirement or termination within the category of any eligible employee shall be included for benefit computation purposes under the system.
('58 Code, § 11.35 (a))
(B) Upon request, and as specified in the request, by the Board of Pension Trustees, the Finance Department shall maintain any or all records and data necessary for the proper administration of this system, and shall make the records and data available to the Board of Trustees. The records shall include, but not necessarily be limited to, the following list and any other similar items necessary for proper administration of the system.
(1) Deduct employee contributions; transmit funds to Board each pay period.
(2) Maintain employee contribution accounts; determine interest to be credited annually as per trustees' instructions.
(3) Receive and retain one copy of each form of application for participation, and beneficiary designation form.
(4) For terminating participants.
(a) Notify trustees as to amount of contribution refund due.
(b) Note date of termination on original application form and retain in separate file.
(5) For pending retirements, complete basic data form, including determination of average monthly earnings.
(6) Prepare annually employee data needed for actuarial valuation.
(7) Deposit city and state contributions to fund.
(8) For employees with supplemental death benefit coverages.
(a) Determine annually, according to table prepared by actuary, additional amount to be deducted from paycheck (not to be added to employee contribution accounts).
(b) Notify trustees regarding amount of death claims.
('58 Code, § 11.36)
(Ord. 73-3, passed 11-8-72)