§ 78-119. Effect of absence from service.  


Latest version.
  • (a)

    The membership in the state retirement system adopted in this division of any member who has completed at least ten years of creditable service with this city and other participating municipalities which have adopted the plan shall not terminate because of absence from service.

    (b)

    This section shall become effective on the first day of the calendar month following enactment of the ordinance from which this section derives, provided it has previously been determined by the actuary for the system that the additional obligations undertaken can be funded within the period prescribed by the act above cited, and will not result in probable depletion of this city's account in the prior service accumulation fund of the system.

(Code 1968, § 22-70.5)