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Section 2-200 2-200--2-210 Reserved
Prior to the adoption of TQM Code update - Ch.2 on 10/11/2004, Section 2-200 read as follows.
(a) Each shop employee will be permitted to "buy forward" an additional fifteen (15) months of participation in the city pension plan. The cost to the employee will be the employee percentage of contribution for fifteen (15) months based on such employee's current salary. Such payment must be made on or before September 26, 1997.
(b) Each such participating shop employee shall be treated as having continued as a participant in the city's pension plan for the fifteen (15) month period beginning on his or her date of termination. If any such employee returns as an employee of the city in any capacity during such fifteen (15) month period, and assuming the employee has not "cashed out" his or her benefits, such employee shall continue his or her participation in the city pension plan as if such employee had never terminated employment with the city. If such employee does not return as an employee of the city within such fifteen (15) month period, but returns as an employee at a later date, such former employee will be treated, for pension plan purposes, as if such employee was hired as a new employee at the time he or she is rehired.
(c) If any such employee elects to withdraw the contributions that such employee had previously made to the pension plan, such employee shall be treated as if he or she terminated his or her participation in the pension plan as of the date of withdrawal.
(Ord. of 9-8-97, I)
*Editor's note--Section I of an ordinance adopted 9-8-97 is codified as section 2-200 at editor's discretion.
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