27
ers, age 50) b y filin g his w ritten a p p li
cation w ith the retirem ent board fo r such
benefits. S u c h b en efit accou nt shall be
established on the first d ay of the m onth
in w h ich the ap p licatio n is received b y the
retirem ent board or the first day o f the
m onth fo llo w in g the date of separation,
w h ichever is the later, and in no case shall
be retro active to an earlier date.
aries em ployed b y
R etirem ent B o ard .
the
P u b lic
Em ployes
R ule N o. 25
U pon proper application b y the em p lo y
er, v o lu n ta ry firem en as a u n it are eligible
for m em bership even though all other e m
ployes of th at em ployer are exclu d ed .
R u le N o . 22
R u le N o. 26
U p to and in clu d in g Ju n e 30, 1951 any
m em ber fo u n d to be in cap acitated , who has
attained the age of 60 (police o fficers or
fire m en , age 55; certifie d teachers, age 50)
shall be granted d isa b ility retirem ent b e
nefits com puted on the sam e basis as
service retirem en t b enefits provided in the
act fo r service retirem ent after Ju n e 30,
1951, su b je ct to the $50,000 per m onth
m inim u m d isa b ility retirem ent allow ance.
F o r the purpose o f ca lcu la tin g d isab ility
benefits the term “ his earliest service re
tirem ent a g e ” shall be deem ed to be age
60 (polic o ffice rs and fire m en , age 55; cer
tifica te d teachers, age 50.)
Com pensable in ca p a city shall be deem ed
to b egin at the date th ereo f fix e d in the
report of the ch ie f m ed ical adviser, su b ject
to the app roval o f the board but not in
an y event a n ted atin g the last day for
w hich such m em ber received com pensa
tion as a p u b lic em ploye.
U nless otherw ise agreed upon betw een
the retirem ent board and the em ployer,
the em ployer shall transm it to the retire
m ent board not later th an the 15th d ay
of each m onth the am ount o f em ploye
contributions (payroll deductions) for the
preceding calendar m onth together w ith
corresponding em ployer contributions.
U nless otherw ise agreed upon betw een
the retirem ent board and the em ployer,
the em ployer shall transm it to the re tire
m ent board not later th an the 15th d ay of
each J u ly , on form s fu rn ish ed b y the
board, an item ized statem ent o f a ll e m
ploye contributions (payroll deductions) fo r
the p receding fis c a l year.
R ule N o . 23
T he fix e d term of an appointive office
is the term fix e d b y statute or m u n icip al
charter.
R u le N o. 24
A p u b lic em ployer entering the system
a fter J u l y 1, 1946 w ill not be charged for
a n y cost estim ates prepared b y the re g u
lar o ffice s ta ff of the retirem ent system ,
but shall p ay on ly the cost of estim ates
com puted fo r it in advance b y the a ctu
Tires - Batteries
«PAGE”
R u le N o. 27
Interest earnings, less deductions p ro
vided b y law , shall be added to a ll e m
ploye and em ployer accounts at the end
of each fisc a l year, based on the balance
in each account at the end o f th at fisc a l
year.
W hen death, retirem ent or w ith d raw al
o f contributions occurs du ring a period
fo r w h ich no distribution of interest has
been m ade, a m em b er’s interest shall be
prorated for such period on the basis of
the last previous annu al distribution rates
w ith interest added fo r fu ll calendar
m onths only.
R u le N o . 28
R etirem ent allow ances, contrib u tion r e
fund s, or an y other sums shall be paid
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Lie. M-369-S291