All participants in the Police Pension Fund shall have the right to a vested pension benefit following a minimum of 12 years of participation in the Police Pension Plan. Any participant who wishes to vest his or her pension must file his or her intent to do so in writing to Borough Council within 90 days of the date he/she ceases to be a full-time police officer in the Borough of Swarthmore. The pension shall be payable on the date that the participant would have been eligible to retire upon the completion of age and service requirements. The participant, upon reaching this superannuated retirement date, shall be paid a monthly retirement benefit determined by applying the percentage his or her years of service bear to the years he or she would have completed had he or she continued to work until his/her normal retirement, to the monthly pension benefit.
(Ord. 825. Passed 10-9-84.)