§ 17-103. Coordination of this chapter with Ordinance No. 1901.

(a)

All employees who become disabled or retire on or after March 14, 1975, shall receive benefits in accordance with the provisions of this chapter, subject to the limitation that should the employee have contributed to and become eligible for a higher disability or retirement benefit under the System enacted in Ordinance No. 1901, he shall be paid that higher benefit.

(b)

All employees who are contributing to the System as enacted in Ordinance No. 1901 as of March 14, 1975, shall receive retroactive service credit for those periods during which they actually contributed.

(c)

All employees excluded from the System as enacted in Ordinance No. 1901 because of their status as pensioners of a fire or police retirement system and who contributed to the System as of March 14, 1975, shall receive retroactive service credit for those periods of time they worked so long as:

(1)

Their employment was for a continuous period of time from or after July 1, 1967, through March 14, 1975; and

(2)

The employee deposits in the System a monetary sum equal to what would have been his employee contribution and the City's contribution for that period of time, and the interest at the rate earned by the fund for that respective period of time.

(d)

All fund assets and liabilities of the System as enacted in Ordinance No. 1901 shall be consolidated with and paid from the fund as of March 14, 1975.

(e)

All employees who are contributing to the System as enacted in Ordinance No. 1901 and who are under thirty (30) years of age as of March 14, 1975, may elect to withdraw from that fund and System and, should they so elect, their contribution accumulations shall be returned.

(Ord. No. 0-9091-26)