1976 ORDINANCES - Laserfiche WebLink

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(H) FOR ANY YEAR IN WHICH THE CITY'S AGGREGATE CONTRIBUTION COMPUTED AS PROVIDED IN SUBSECTION (B) OF THIS SECTION, IS INSUFFICIENT, WHEN COMBINED WITH THE AMOUNT THEN HELD IN THE RETIREMENT FUND, TO PROVIDE THE BENEFITS PAYABLE FROM THE FUND IN SUCH YEAR, THE CITY SHALL MADE AN ADDITIONAL • CONTRIBUTION IN THE AMOUNT NECESSARY TO OVERCOME THE INSUFFICIENCY. SECTION 2-219.3. MEMBERSHIP; CESSATION. (A) MEMBERSHIP IN THE PLAN AS OF ANY DATE SHALL CONSIST OF THE FOLLOWING: (1) ALL EMPLOYEES, AS DEFINED IN SECTION 2-200.1 OF THIS CODE, AT SUCH DATE, INCLUSIVE OF THOSE ON AUTHORIZED LEAVE FROM SERVICE BUT EXCLUSIVE OF ANY SUCH PERSON WHO HAD ATTAINED HIS NORMAL RETIREMENT DATE AT HIS DATE OF EMPLOYMENT. (2) ALL FORMER EMPLOYEES WHO HAVE NOT RETIRED UNDER THE PROVISIONS OF THE PLAN AND WHO EITHER (I) HAVE FIVE YEARS OR MORE OF CREDITABLE SERVICE AND WERE IN SERVICE AT SOME TIME AFTER JUNE 30, 1975, OR • (II) HAVE TWENTY YEARS OR MORE OF CREDITABLE SERVICE AND WERE IN THE MEMBERSHIP OF THE PLAN ON JUNE 30, 1975 (B) THE MEMBERSHIP OF ANY PERSON IN THE PLAN SHALL CEASE UPON: TERMINATION OF SERVICE AS AN EMPLOYEE PRIOR TO THE COMPLETION OF FIVE YEARS OF CREDITABLE SERVICE; OR RETIREMENT; OR DEATH. WHEN MEMBERSHIP CEASES, EXCEPT IN THE CASE OF RETIREMENT OR OF DEATH UNDER CIRCUMSTANCES CALLING FOR THE PAYMENT OF BENEFITS HEREUNDER, AN EMPLOYEE SHALL THEREAFTER LOSE ALL RIGHT TO ANY RETIREMENT ALLOWANCE OR BENEFITS UNDER THIS ARTICLE ARISING FROM SERVICE PRIOR TO THE DATE OF SUCH CESSATION OF MEMBERSHIP EXCEPT FOR ANY DEFERRED RETIREMENT BENEFITS SUCH EMPLOYEE MIGHT BE ENTITLED TO RECEIVE, PROVIDED THAT IF ANY SUCH EMPLOYEE SHOULD SUBSEQUENTLY AGAIN BE IN SERVICE, THE PROVISIONS OF THIS SUBSECTION SHALL BE INAPPLICABLE TO HIS PREVIOUS PERIOD OR PERIODS OF CREDITABLE SERVICE. SECTION 2-219.4. SERVICE RETIREMENT. (A) ANY MEMBER WHO IS IN SERVICE AT HIS NORMAL RETIREMENT DATE MAY THEN RETIRE, OR MAY THEN BE RETIRED BY HIS APPOINTING AUTHORITY, UPON WRITTEN NOTIFICATION TO THE COMMISSION MADE BY THE MEMBER OR BY HIS APPOINTING AUTHORITY • SETTING FORTH AT WHAT DATE THE RETIREMENT IS TO BECOME EFFECTIVE; PROVIDED, THAT SUCH EFFECTIVE DATE SHALL BE AFTER THE MEMBER'S LAST DAY OF SERVICE AND SHALL NOT BE MORE THAN NINETY DAYS PRIOR TO THE FILING OF SUCH NOTIFICATION. (B) NO MEMBER SHALL BE PERMITTED TO CONTINUE IN SERVICE AFTER HIS NORMAL RETIREMENT DATE EXCEPT WITH THE APPROVAL OF HIS APPOINTING AUTHORITY. THE COMMISSIONER OF THE REVENUE, CITY TREASURER, CITY SHERIFF, CLERK OF THE CIRCUIT COURT, AND COMMONWEALTH'S ATTORNEY, WHO BY DEFINITION UNDER SECTION 2-219.1 HAVE NO APPOINTING AUTHORITY, MAY CONTINUE IN SERVICE IN SUCH OFFICES AFTER THEIR NORMAL RETIREMENT DATE, PROVIDED THAT THEIR AVERAGE FINAL COMPENSATION AND c: