Section 13-247. Retirement; selection of either twenty or twenty-five years of city-service  


Latest version.
  • a. Any person becoming a member who was not  previously  a  member  or  who  during  his  or  her last previous membership in the
      pension fund contributed on the basis of a minimum period of  retirement
      of  twenty  years of city-service, may elect, prior to the certification
      of his or her rate of contribution, to contribute  on  the  basis  of  a
      minimum  retirement period of twenty years of city-service, by a written
      election duly executed and acknowledged and filed with  the  board.  The
      minimum period of retirement for such member so electing shall be twenty
      years  of city-service, and all contributions and benefits payable by or
      on account of any such member shall be computed on  the  basis  of  such
      minimum retirement period.
        b. Any person becoming a member who was not previously a member or who
      during  his  or  her  last  previous  membership  in  the  pension  fund
      contributed  on  the  basis  of  a  minimum  period  of  retirement   of
      twenty-five  years of city-service, may elect, prior to certification of
      his or her rate of contribution, to contribute on the basis of a minimum
      retirement period of twenty-five years  of  city-service  by  a  written
      election  duly  executed  and acknowledged and filed with the board. The
      minimum period of retirement for  such  members  so  electing  shall  be
      twenty-five  years  of  city-service, and all contributions and benefits
      payable by or on account of any such member shall  be  computed  on  the
      basis of such minimum retirement period.