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2022-059 - Approving and Agreement Regarding Freeze of Fire Pension Fund & Authorizing the Mayor to Execute Same
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2022-059 - Approving and Agreement Regarding Freeze of Fire Pension Fund & Authorizing the Mayor to Execute Same
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8/10/2022 1:20:25 PM
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8/10/2022 1:20:23 PM
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Section 7 <br /> Return of Firefighter's Own Contribution <br /> A Firefighter who Terminates Service may elect to receive, at the time of his Termination of <br /> Service or attainment of Normal Retirement Age, the excess of his own contributions to the <br /> Fund over the amount of any benefits he has received from the Fund. Such election must be <br /> made prior to the date his monthly benefits commence. In making such an election, the <br /> Firefighter will forfeit his rights to receive all other benefits which he would have otherwise <br /> been entitled to receive. The amount refunded shall not include any interest accumulated on <br /> account of the Firefighter's contributions. <br /> 11 <br />
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