§ 78-127. Return of accumulated contributions.

(a)

Should any member with ten or more years of credited service cease to be employed by the city for any reason except his retirement or death, before he has satisfied the age and service requirements for retirement provided in section 78-117, he shall be paid his accumulated contributions standing to his credit upon his written request filed with the board. If such member does not request a return of accumulated contributions, interest shall cease.

(b)

Should a member die, and no pension becomes or will become payable by the retirement system on account of his death, his accumulated contributions standing to his credit at the time of his death shall be paid to such person as he shall have nominated by written declaration duly executed and filed with the board. If no such designated person survives the member such accumulated contributions shall be paid to his estate.

(c)

The return of accumulated contributions, as provided in this section, may be made in a single sum or in installments as the board shall determine.

(d)

If an employee with less than ten years of credited service ceases to be employed by the city due to elimination of job position, provided that the employee is without fault in such elimination, he shall be paid his accumulated contributions standing to his credit upon his written request filed with the board.

(Ord. No. 410, div. I, § 17, 6-20-2000; Ord. No. 2011-0654, § 2, 4-5-2011)