City of Butler, PA Article XXI Termination of Employment

§ 57-104 Rights of terminated employees.

A participant who shall cease to be an employee except as otherwise hereinbefore provided shall have all interest and rights under this plan limited to those contained in the following sections of this Article XXI.

§ 57-105 Distribution of accumulated contributions.

A participant whose employment with the employer shall terminate for any reason other than death or total and permanent disability prior to attainment of normal retirement age shall be entitled to receive a distribution of accumulated contributions. Upon receipt of such accumulated contributions, said participant and beneficiary shall not be entitled to any further payments from the plan.

§ 57-106 Deferred retirement benefit.

Should a member of the Police Pension Fund, before completing the minimum age and minimum period of continuous service requirements set forth above, but after having completed 12 years of service, for any reason cease to be employed as a full-time police officer, the member shall be entitled to vest his/her retirement benefits subject to the following conditions:

A. The member must file with the Police Pension Board of Managers a written notice of intent to vest;

B. The member must include in the notice the date the member intends to terminate service as a full-time police officer;

C. The termination date shall be at least 30 days later than the date of notice to vest;

D. The member must be in good standing with the Police Department on the date of notice to vest; and

E. The Board shall indicate on the notice to vest the rate of monthly pay of the member as of the date of the notice to vest or the highest average annual salary which the member received during any five years of service preceding the date of the notice, whichever is the higher. Upon reaching the date which would have been the member's retirement date had the member continued full-time employment with the Police Department, the member shall notify the Board in writing that the member desires to collect his/her pension. The amount of retirement benefits the member is entitled to receive under this section shall be computed as follows:

(1) The initial determination of the member's base retirement benefits shall be computed on the salary indicated on the notice to vest; and

(2) The portion of the base retirement benefits due the member shall be determined by applying to the base amount the percentage that his/her years of service actually rendered bears to the years of service which would have been rendered had the member continued to be employed by the Department until his/her retirement date.