(a) In the event a participant shall terminate or be terminated from his or her employment with the city due to disability and such participant shall cease to be eligible for participation herein or in the event such participant shall cease to be a qualified employee and shall elect to terminate his or her participation in the system, the total amount of participant’s contributions, without interest thereon, shall be payable to the former participant, less an amount equal to one-half the total of all disability retirement benefits paid to the former participant. This section shall not require a return of contributions to an involuntary retiree who elects not to withdraw his or her contributions pursuant to Section 45-37A-51.224
(b) In the event a participant shall terminate or be terminated from his or her employment with the city for any reason other than disability and such participant shall cease to be eligible for participation herein or in the event such participant shall cease to be a qualified employee and shall elect to terminate his or her participation in the system, there shall be payable to the former participant an amount equal to the amount of the participant’s contributions without interest, less one-half of any benefit payments which may have been made. This section shall not require a return of contributions to an involuntary retiree who elects not to withdraw his or her contributions pursuant to Section 45-37A-51.224.
Last modified: May 3, 2021