§ 2.28.250. Re-employment.

If an employee under Plan No. 1 or Plan No. 2 terminates employment and later is re-employed by the city, the following provisions shall apply to such employee's re-entry into the retirement plans:

(a)

An employee re-entering service prior to July 18, 1981 shall re-enter as a member in Plan No. 1.

(b)

An employee re-entering service after July 17, 1981 and prior to January 1, 1994 shall re-enter as a member in Plan No. 2.

(c)

An employee re-entering service after December 31,shall re-enter as a member of Plan No. 3.

(d)

In the event the employee terminated employment, received a refund of contributions and was re-employed as a member of Plan No. 1, such employee may purchase credit for all or part of his or her prior service by paying into the fund an amount equal to the percentage of the amount refunded that the service credit being purchased bears to the prior service, plus seven percent annual interest, compounded monthly, from the date of refund to the date of purchase;

(e)

In the event the employee terminated employment under Plan No. 1, received a refund of contributions and was re-employed as a member of Plan No. 2, such employee may purchase credit for all or part of his or her prior service by paying into the fund an amount equal to the percentage of the amount refunded that the service credit being purchased bears to the prior service, plus seven percent annual interest, compounded monthly, from the date of refund to the date of purchase; provided, however, such payment shall be prorated by applying the ratio that the current Plan No. 2 employee contribution bears to 6.4%.

(f)

In the event the employee terminated employment under Plan No. 2 prior to January 1, 1994, received a refund of contributions and was re-employed as a member of Plan No. 2, such employee may purchase credit for all or part of his or her prior service by paying into the fund an amount equal to the percentage of the amount refunded that the service credit being purchased bears to the prior service, plus seven percent annual interest, compounded monthly, from the date of refund to the date of purchase; provided, however, that the amount of such payment for an employee purchasing prior Plan No. 2 service before January 1, 1994 shall be prorated by the ratio that the current percentage of employee contribution bears to 4.1%.

(g)

In the event the employee terminated employment, received a refund of contributions and was re-employed as a member of Plan No. 3, such employee may purchase credit for all or part of his or her prior service by paying into the fund an amount equal to the percentage of the amount refunded that the service credit being purchased bears to the prior service, plus seven percent annual interest, compounded monthly, from the date of refund to the date of purchase; provided, however, the amount of such payment for an employee purchasing prior Plan No. 1 service shall be calculated in the manner described in subsection (e) above; and provided further that the amount of such payment for an employee purchasing prior Plan No. 2 service shall be prorated by the ratio that the current percentage of employee contributions bears to 4.1%. The ratio to be applied for prorating the amount of payment for the purchase of prior Plan No. 2 service after February 18, 2000 shall be the current percent of employee contribution divided by the percentage of employee contributions in effect for such prior service.

(h)

In the event the employee terminated employment, received a refund of contributions, was re-employed as a member of Plan No. 3 and purchased prior service in accordance with (d), (e), (f), or (g) above, such employee would achieve vesting as indicated in Section 2.28.050 (b). If such employee purchased seven or more years of service, such employee must make a plan election in accordance with Section 2.28.060 (a).

(i)

The maximum number of years of service credit which can be purchased is ten years.

(Ord. No. 45-127 § 4; Ord. No. 47-451, § 10, 3-27-07)