West Palm Beach |
Code of Ordinances |
Chapter 62. PERSONNEL AND RETIREMENT |
Article III. PENSIONS AND RETIREMENT |
Division 5. RESTATED EMPLOYEES DEFINED BENEFIT RETIREMENT SYSTEM |
§ 62-186. Termination of membership.
Any member who separates from the employ of the city for any reason except death may elect by written application to the board to receive a benefit under section 62-192 as in effect when his city employment terminates, payable at such time as he may elect, but not less than 30 days nor more than 90 days subsequent to the execution and filing of his election with the board. Any benefit payable under this section shall be reduced for early commencement as provided in subsection 62-192(b). A member shall not receive service credit for any period he was not an employee of the city, and his accumulated contributions shall not be credited with interest for such period. Upon his retirement or death, he shall thereupon cease to be a member. This section shall be subject to any other provision of this division which might be in conflict with this section.
(Code 1979, § 2-314.1.11)