§ 2-1269. Payments when member is discharged or resigns.
Latest version.
Should a member cease to be a firefighter by being discharged or by resignation, or
in any other manner except death or retirement, the member shall be paid on demand
the amount of the member's accumulated contributions; and such payments shall be in
lieu of any and all other benefits to which the member might otherwise become entitled
under this article; provided, however, that if such discharge, resignation or other
termination occurs within the first year of employment a service charge of ten percent
of the amount withdrawn shall be withheld, if such termination occurs within the second
year of employment eight percent of the amount withdrawn shall be withheld, if within
the third year six percent shall be withheld, if within the fourth year four percent
shall be withheld, and if within the fifth year two percent shall be withheld, and
if such termination occurs after the fifth year of employment no service charge shall
be made. All such sums so withheld shall be credited to and remain the property of
the pension fund.
