§ 3-543. RE-EMPLOYMENT OF RETIRED PERSONS.  


Latest version.
  • (a)

    A person who has been retired under this system for service may be reinstated from retirement by the Board as provided in this section, and thereafter may be employed by the city in accordance with the laws governing such employment, in the same manner as a person who has not been so retired. Such reinstatement shall be based upon the retired member's application to the Board for reinstatement.

    (b)

    When any such person is reinstated from retirement under this section, the person's retirement allowance shall be cancelled forthwith, and the person shall become a member of this System as of the date of reinstatement. The person's individual account shall be credited with an amount which is the actuarial equivalent of the person's annuity at the date of reinstatement, not to exceed the amount of the person's accumulated contributions as it was at the date of his retirement. The person's future rate of contributions and the person's retirement allowance on subsequent retirement shall be determined in accordance with the provisions of this article.

(Added Ord. 5313, 1958, based on former Sec. 2-834; Am. Ord. 2002-40, § 1, eff. 9-3-02; Am. Ord. 2012-5, § 2, eff. 3-15-12).