Section 13-523. Transferred contributor  


Latest version.
  • Any contributor who resigns his or
      her position to accept and  who,  within  sixty  days  thereafter,  does
      accept  another  position  in  the  city-service  shall continue to be a
      contributor  while  in  such  city-service  and  shall  be  known  as  a
      transferred-contributor  provided  he or she executes and files with the
      retirement board a statement in writing that he or she elects  to  leave
      with  the  annuity savings fund his or her accumulated deductions and to
      continue to contribute to such fund at a rate of  salary  deduction  not
      less  than  the  rate  of deduction theretofore required from his or her
      salary, and further provided that he or she shall waive and renounce any
      present or prospective benefit  from  any  other  retirement  system  or
      association  supported  wholly or in part by the city. Where an election
      is  made  pursuant  to  the  provisions  of  this  section,  the  salary
      deductions  required by such provisions shall be appropriately modified,
      if a rate of deduction is otherwise fixed, pursuant to section 13-546 of
      this chapter, for the transferred-contributor making such election.