§ 2-1331. Elected officials not to participate in employees' retirement system.

(a)

Notwithstanding the provisions of section 2-1172(c), from and after November 27, 1968, elected officials shall not participate in the employees' retirement system and shall be considered terminated employees in that retirement system.

(b)

From and after the effective date of this division, all annuities now being paid to former active members or to beneficiaries of former active members under the terms of present or former ordinances of the city, and all rights presently vested in former active members to receive benefits in the future under the terms of present or former ordinances of the city, will remain in effect and be unchanged by the enactment of this division.

(c)

The city has the right to discontinue or terminate the retirement system plan in whole or in part. The rights of all affected members to benefits accrued to the date of termination, partial termination, or discontinuance, or cessation of contributions by an employer shall be 100 percent vested and nonforfeitable to the extent funded.

(Admin. Code 1967, § A9.130; Ord. No. 36147, 11-27-68; Ord. No. 951643, § A, 12-21-95)

Cross reference

Membership in employees' retirement system, § 2-1172.