West Palm Beach |
Code of Ordinances |
Chapter 62. PERSONNEL AND RETIREMENT |
Article III. PENSIONS AND RETIREMENT |
Division 3. DEFINED CONTRIBUTION RETIREMENT SYSTEM |
§ 62-133. Participation in the plan.
(a)
Participation. Except as otherwise provided in this section, all employees shall participate in the plan at the beginning of the payroll period commencing immediately after the later of:
(1)
The date they become employees as defined in section 62-132, and
(2)
Their eighteenth birthdays, provided they are then employees.
Persons elected to serve as mayor shall participate in the plan at the beginning of the payroll period commencing immediately upon their being sworn in as officials of the city. Persons elected to serve as city commissioners may make a one time irrevocable written election, at such time and in such form and manner as shall be prescribed by the administrative committee, to participate in the plan. City commissioners who elect to participate in the plan at the beginning of the payroll period commencing as soon as administratively practicable after the administrative committee receives their election.
(b)
Return to covered employment classification. If a participant is no longer an employee and becomes ineligible to make contributions and/or have contributions made on his behalf, such participant will become eligible for contributions immediately upon again becoming an employee; provided, however, if the participant ceases to be an employee of the city and is subsequently rehired, he will become a participant immediately upon his rehire if he is reinstated to the same or similar position within one year of his termination of employment or upon again completing an original probationary period or in the same or similar position more than one year after his termination of employment.
(c)
Termination of participation. A participant's participation in the plan shall terminate on the date he is no longer employed by the city. If upon termination of employment, the participant is entitled to a benefit under the plan, then the account may remain open until the benefits have been distributed.
(Ord. No. 4306-10, § 1, 2-22-2011)