13
(Continued from page 12)
10. Q. After separation from ser
vice can an employee make voluntary
.contributions to increase his annuity?
" A. No. A contribution may only be
made by payroll deduction.
11. Q. May my contribution plus
interest be withdrawn?
A. Yes. 1. If you are separated, for
any reason other than disability, from
service entitling you to membership
in the System; 2. If you have not con
tributed to the fund for 10 years or
more; 3. If you have not attained your
earliest service retirement age.
12. Q. After I have contributed for
10 years or more am I correct, then, in
understanding that my account shall
remain’in the Fund as a credit to me?
A. Yes, that is correct.
13. Q. If my contribution will not
be refunded after contributing for 10
years or more, when, then, will I re
ceive the benefits from my account?
A. When you qualify by reason of
attaining your earliest retirement age.
14. Q. When I am eligible to re
ceive my allowance as outlined in the
above question will I receive payments
due only from my Own individual con
tributions which were retained in the
Fund?
A. No. You will receive your an
nuity payments plus a pension pro
vided by the contributions of your
employer. That is, the Act provides,
so to speak, that in return for being
compelled to leave your contributions
in the Fund after this 10 year member
ship you shall receive approximately
twice as much by way of a retirement
allowance as if you were allowed to
withdraw it.
II. Q. I f I should die before quali
fying for my allowance as mentioned
in question 12, what happens to my
money retained in the Fund?
A. It is paid to your beneficiary in
the same manner as if you had not
been separated from service and had re
mained a member of the System. See
question 17.
16. Q. If I should leave the service,
withdraw my accumulated contribu
tions, and after a time return to ser
vice, would I lose credit for the ser
vice I had rendered?
A. No, if within five years after
withdrawing your contributions you
repay the full amount withdrawn.
17. Q. If a member dies while in
active service, what becomes of his con
tributions?
A. His contributions, together with
interest thereon less administrative ex
penses are paid to the beneficiary
named by the member.
18. Q. If I requested it, would the
Retirement System make installment
payments to my beneficiary?
A. No.
19. Q. Who can be a beneficiary?
A. The law requires that the bene
ficiary have an insurable interest in
your life. As a general rule, only a
relative has an insurable interest, al
though such an interest may exist if
your death would result in financial
loss to someone with whom you were
engaged in a business enterprise. If
there is no relative you wish to name,
usually your estate should be designated
as beneficiary.
20. Q. In case I am disabled how
will the Board determine whether I am
disabled so that I cannot perform my
duties?
A. After you have made application
that you be retired for disability you
will be examined by the physician, or
physicians, selected by the Board, who
will then make a recommendation as to
whether your application should be
granted. The Board will pass on your
application in the light of the report
of the physician, and such other in
vestigations as the Retirement Board
has caused to be made.
21. Q. Is there any age restriction
(Continued on page 23)