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30 THE RETIREM ENT A C T ; (Continued from' Page 29) ties estim ated b y the actu ary to accrue to the system on account of service b y school teachers prior to J u ly 1, 1946. Section 16. (1) In the event that an em ploye who is a m em ber of the system , who has contributed to the fu n d for 10 years, and who has not attained his earliest re tirem ent age, is separated, for any reason other than death or disability, fro m all service entitlin g him to m em bership in the system , his account shall rem ain to his credit in the fu n d and there shall be paid such death benefits as this act provides or a disability retirem ent allow ance or, after attaining his earliest retirem ent age, a ser vice retirem ent allow ance, w hich shall con sist o f ,1) an annu ity w hich shall be the a ctu arial equivalent o f his accum ulated contributions and interest thereon credited to him and (2) a pension provided b y the contributions of his em ployers equal to the an n u n ity provided by his accum ulated con tributions on his salary up to $200 per m onth. (2) In the event that an em ploye who is a m em ber o f the system , who has contribu ted to the fu n d fo r less than 10 years, and who has not attained his earliest service retirem ent age, is separated, fo r an y reason other than death or d isab ility, from all service entitlin g him to m em bership in the system , he m ay w ithdraw from the fund the am ount credited to him in his account. (3) W henever, w ithin fiv e years after so w ithdraw ing the am ount so credited to h im , such an em ploye re-enters the service o f an em ployer p articipating in the sys tem , his rights in the system w hich were forfeited b y the w ithdraw al shall be re stored upon his rep aying to the board the fu ll am ount so w ithdraw n. (4) A n em ploye shall cease to be a m em ber o f the system (a) in the event th at he is absent from the service of a ll em ployers p articipating in the system fo r a total o f m ore than 5 years du ring any 6-year period after he becomes a m em ber o f the system or (b) in the event th at during any ab sence from such service he w ithdraw s the am ount credited to his account in the fu n d . (5) N o transfer after Ju ly 1, 1946, b y a m em ber o f the system from the service of one em ployer p articip atin g in the system to the service of another such em ployer shall im pair an y rights or deprive him o f any credits accru in g to him as a result o f his m em bership in the system after Ju ly 1, 1946, and prior to the transfer. Section 17. (1) W ithin the lim its h ere after specified regarding absence fro m ser vice, no leave of absence, sabbatical leave, illness, accident, or em ergency preventing or interrupting service by an em ploye to an em ployer p articipating in the system shall be deemed to break the continutiy o f the em ploye’s m em bership in the system . (2) A n y em ploye o f an em ployer p arti cipating in the system who entered the aim qd forces o f the U nited States after Septem ber 15, 1940, and prior to the tim e -this act takes e ffect or enters the arm ed forces h ereafter and who, w ithin one year after being honorably discharged therefrom returned to the service of the em ployer prior to the tim e this act takes e ffe ct or returns to it hereafter shall be entitled, sub je c t to the lim itations o f this act, to credit for all his service to the em ployer prior to the tim e this act takes efect and to credit for all his service in the arm ed forces after Septem ber 15, 1940, as if he had been an em ploye o f the em ployer throughout his service in the arm ed forces after th at date. Section 18. (1) W ithin one year after the term ination o f the present w ar but not b e fore J u ly 1, 1947, a police o ffice r or firem an who is a m em ber o f the system and who has attained the age of 60 shall be retired from service and thereafter, excep t as this act otherwise provides, the date o f his re-' tirem ent shall be the first day o f the c a l endar m onth n e x t succeeding the one in w hich he attains th at age. (2) W ithin one year after the term ina tion o f the present w ar but not before Ju ly 1, 1947, any other em ploye who is a m em ber o f the system and who has attained the age o f 65 and who is not su b ject to the teachers’ tenure law shall be retired from service and thereafter, except as this act otherw ise provides, the date o f his retire m ent shall be the first day of the calendar m onth n e x t succeeding the one in w hich he attains that age. (3) A police o fficer or firem an, who is a m em ber o f the system and reaches the age o f 60 and any other em ploye who is a m em ber o f the system and reaches the age o f 65, except a person su b ject to the teachers tenure law , m ay be continued in service fo r successive periods o f one year each, upon w ritten recom m endation of the adm inistrative head o f his em ployer th at continued service on his part is in SAND, GRAVEL & CRUSHED ROCK Delivered Anywhere Gales Creek Sand & Gravel Co. R.F.D. No. 1 Forest Grove PHONE 1609-R If no answer Call 263-J
