§ A8.608-15

DEFERRED RETIREMENT

Should any member of the sheriff’s department who is a member of the Retirement System under Charter Section A8.608 cease to be employed as such a member, through any cause other  than death or retirement, all of his or her contributions with interest credited thereon, shall be refunded to him or her, provided that if such member is entitled to be credited with at least five years of service, then he or she shall have the right to elect, without right of revocation and within 90 days after termination of said service, to allow his or her accumulated contributions including interest to remain in the retirement fund and to receive a retirement allowance equal to the percent set forth in Section A8.608-2 opposite his or her age at retirement, for each year of service multiplied against the final compensation of said member, calculated at termination, payable beginning no earlier than age 50.  No deferred retirement allowance under this Section shall exceed ninety percent (90%) of the member’s final compensation.

History

(Added by Proposition C, Approved 11/8/2011)

Download

  • Plain Text
  • JSON

Comments