§ 40-186. Purchase of Credited Service for Period of Employment with Other Law Enforcement Employer(s).

Participants of the Pension Plan shall have the option to receive credited service for all purposes of this pension trust fund for periods of service with other public law enforcement employers under the following conditions and subject to any restrictions established by applicable law:

(1)

Participants who wish to receive credit for such other public law enforcement employers service shall be required to:

a.

Provide proof, to the satisfaction of the Board of Trustees, of the participant's employment with other public law enforcement employer(s).

b.

Provide proof to the satisfaction of the Board of Trustees, that the participant is not eligible to receive any pension benefit from the other public law enforcement employer(s).

c.

Make a contribution for such credited service in an amount established by a formula and payment by methods as determined by the Board of Trustees.

(2)

Participants shall within one hundred eighty (180) days following the date the participant attains ten (10) years of credited service under this Pension Plan be required:

a.

To make an irrevocable election to purchase other public law enforcement employer(s) service time; and

b.

To elect the amount of other public law enforcement employer(s) service time to be purchased.

(3)

Once a time period is chosen for purchase, adjustment of the time period shall not be permitted. If an election to purchase other public law enforcement employer(s) service time is not received in the time period indicated in subsection (2) above, no further election shall be allowed.

(4)

Each Participant shall be an employee of the City at the date of the election and have a total of ten (10) years of credited service under this pension trust fund immediately prior to the date of electing to purchase other public law enforcement service time.

(5)

Participants eligible to purchase other public law enforcement employer(s) service may purchase such other public law enforcement employer(s) service time on a day-for-day basis up to a maximum of five (5) years.

(6)

In no event may a participant purchase more other public law enforcement employer(s) service credit (on a day-for-day basis) than actually credited under other public law enforcement employers' employment records.

(7)

There shall be no age limit for any participant who wishes to purchase other public law enforcement employer(s) service time.

(8)

Participants shall be limited to a maximum combined total of five (5) years of purchased credited service for other public law enforcement employer's service and for active military service.

(Ord. No. 2000-12, § 2, 9-7-00; Ord. No. 2015-03, § 2, 6-2-15)