§ 62-208. Retirant's benefits reserve.

All pensions payable as provided in this division shall be paid from the retirant's benefits reserve. Should a disability retirant return to the employ of the city, his pension reserve, computed at the date of his return, shall be transferred from the retirant's benefits reserve to the employee's contribution reserve and employer's contribution reserve in the same proportion as the reserve was originally transferred from the employee's contribution reserve and employer's contribution reserve to the retirant's benefits reserve. The amount transferred to the employee's contribution reserve shall be credited to the member's individual account therein. In the event the balance in the retirant's benefits reserve exceeds 105 percent of the present value of amounts likely to be paid retirants and beneficiaries on rolls, as determined by actuarial valuation, the board of trustees may transfer such excess to the income fund.

(Code 1979, § 2-314.1.33)