Fort Walton Beach Ordinance — 801 Restate General Emp Plan — reading text

been employed ,with the city on a full- time basis for at least six ( 6) months. e) Medical examination - Any employee meeting the eligibility requirements hereinbefore provided in this section must be examined by a duly licensed and practicing medical physician selected by the plan administrator, and the examination must indicate health and habits satisfactory to the pension advisory committee. Prior to acceptance into this plan, the pension advisory commi ttee is authorized to request additional information from the applicant or any doctor or medical facility from which he has received treatment or services. Sec. 17- 14. Credited service; military service. Credited service shall mean all full years and any fraction thereof to four ( 4) decimal places of continuous city service from the date of entry into this plan to the earliest of the date of termination, the date of disability, the early retirement date the normal retirement date or forty ( 40) years. Page 11  Continuous service with the city shall not be broken in the event of: 1) Absence with the consent of the plan administrator durin~ any period not in excess of one ( 1) year, except that the city mana~ er may extend the period of leave up to two ( 2) years with approval throu~h resolution by the city council. 2) Absence from work because of occupational injury or disease incurred as a result of employment with the city, for which absence an employee shall be entitled to worker' s compensation benefits. 3) Absence in the service of the armed forces of the United States provided the employee shall re- enter die employ of the city within 30 days after his separation from active duty or after the end of his first mandatory mili tary service period. In interpreting this section, the plan administrator will apply uniform rules in a uniform manner to all employees under similar circumstances. An employee shall not receive credited service in the case of periods of absence set forth in subsections. 17- 14( 1) and 17- 14( 2) above, but shal' retain credited service accrued prior to such absence. Subsection 17 - 14 ( 3) above is subject to the provisions provided for hereinafter in this section. Upon return to employment after an approved absence, the employee will again accrue credited service. Credited military service - An employee will receive credit for each full year and fraction thereof to four ( 4) decimal places for military service he has completed prior to employment with the city, except that persons employed after December 11, 1979, shall receive no credited service for military service. The maximum number of years of credit an employee may receive for military service shall be two ( 2) years. There is a para~ raph missing here which required that an employee not be credited with service for which he has not made a contribution. The language was considered redundant. *** Failure to return to the employ of the city at the end of any period specified in subsections 17- 14( 1), 17- 14( 2) or 17- 14( 3) above shall be considered a termination of employment. Any other absence not specifically approved under the rules and regulations of the city shall also be considered a terminati~ n of Pa~ e 12 employment. Any employee whose employment has been terminated shall, for the purposes of this plan, be deemed a new employee upon re- employment unless he has accrued a vested interest in accordance with and under provisions of section 17- 17 of this article. In no event shall any duplication of benefits occur. In order to receive credit for credited service under the provisions of this section, an employee returning from an absence specified above must have either left his entire employee contribution, accrued to the date of the beginning of his absence, on deposit in the fund during his absence or, restored to the fund all employee contribution, together with interest, withdrawn from the fund, plus interest at the rate currently assumed by the fund from the date of withdrawal to the date of re- employment with the city and within a period of thirty ( 30) days after the date of re- employment. Sec. 17 - 15. Persons entitled to benefits; normal retirement age; calculation of benefits; normal retirement. All general municipal employees participating in this plan who have ,been in the continuous service of the city for a period of not less than ten ( 10) years and who shall have reached the age of sixty- two ( 62) years, or employees who have accrued at least ten ( 10) years of credited service between age sixty- two ( 62) and seventy ( 70), but no later than age seventy ( 70), shall, at their request, be retired on a monthly pension calculated by the method prescribed in a subsequent paragraph of this section. Each person who meets these requirements shall accru'e a retirement benefit commencing at normal retirement equal to the percentage as derived from the following schedule and applied to the final average basic monthly earnings averaged over the highest five ( 5) consecutive years of last ten (10) years of employment. The retirement benefits will be calculated as follows: a) The employee shall be credited with a monthly retirement benefit equal to two and one- half percent of final average monthly earnings for each year of credited service but no greater than 100% of current earnings. Benefits shall begin on the first of the month following retirement. There is a missing paragraph at this location providing for the facility of paying retirees in alternate periods other than monthly if their retirement pay is less than ten dollars ($ 10. 00) or five dollars ($ 5. 00), respectively. This was considered moot since it is now an impossibility for an employee to retire with such a benefit.*** Pa~ e 13 Sec. 17 - 15. 1. Early retirement; qualification; reduction of benefits. An employee participating in this plan who has attained age fifty ( 52) and who has credited service of at least ten ( 10) years, may elect early retirement. His early retirement benefit shall be determined by calculating the accrued benefit under the same formula used in calculating the normal retirement benefit based on his credited service to his early retirement date, but reduced by one- fourth percent 1/ 4%) for each 30. 4375 days that such early retirement date precedes the employee' s normal retirement date. If an employee who has terminated under the provisions of section 17 - 17 with a deferred vested accrued benefit has met the age and service requirements of this section, he may also change his election to early retirement in lieu of receiving the deferred accrued benefit at normal retirement reduced according to the method in the preceding paragraph. Such reduction shall apply against the accrued benefit as of the date of this termination. Sec. 17 - 15. 2. Disability retirement; initial qualifications; continued qua~ification recovery. Participating employ~ es under this plan who become totaliy and permanently disabled for the duties of any job for which they may be suited by reason of education, training or experience either with the City of Fort Walton Beach or I another employer, shall be entitled, after such disability has been validate~ through the method provided hereinbelow, to a benefit in an amount determined in the same manner as the normal retirement benefit based on the employee' s credited service to the date of his disability subject to the following minimum benefits: a) Line of Duty - If the disability results from an accident occurring in ' the line of duty, the disability benefit shall be no less than fifty percent 50%) of the employee' s monthly compensation on the date of disability. b) Not in Line of Duty - If the disability results from an accident occurring other than in the line of duty, the disability benefit shall be no less than forty percent ( 40%) of the employee' s monthly compensation as of the date of disability. c) Sickness - If the