(A) If a member terminates his employment with the Police, or Fire Departments, either voluntarily or by lawful discharge, and is not eligible for any other benefits under this system, he shall be entitled to the following.
(1) With less than ten years of continuous service as a police officer or seven years of continuous service as a firefighter: refund of member contributions plus 3% interest.
(2) With ten or more years of continuous service as a police officer or seven years of continuous service as a firefighter: the pension benefit accrued to his date of termination, payable commencing at his or her otherwise normal retirement date or payable in accordance with § 34.056, provided he or she does not elect to withdraw his or her member contributions, or refund of member contributions plus 3% interest.
(B) Any member of this system who, for whatever reason, has his or her employment with the city as a police officer, police dispatcher, or firefighter terminated, but who remains or was previously employed by the city in some other capacity so that his or her total continuous period of employment with the city is ten years or more for police officers or seven years or more for firefighters, shall have all benefits accrued under this system preserved, provided he or she does not elect to withdraw his or her member contributions. The accrued benefits shall be paid at his or her otherwise normal retirement date in accordance with the provisions of this system or in accordance with § 34.056.
(C) For purposes of determining normal retirement age under this accrued benefits provision, continuous service shall include all employment with the city as well as the period of time subsequent to termination as a member of this system; however, benefits shall not be payable under this system during any period of continued employment by the city.
(D) Any amounts attributable to city contributions which are forfeited by reason of nonvested terminations of employment shall remain in the fund and shall serve only to reduce current and future required contributions to the system.
(‘58 Code, § 11.49) (Ord. 72-59, passed 8-15-72; Am. Ord. 73-11, passed 1-3-73; Am. Ord. 75-84, passed 9-16-75; Am. Ord. 2000-73, passed 9-12-00; Am. Ord. 2024-01, passed 10-10-23)