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The funding credit balance as reflected in the actuarial valuation report as of October 1, <br />2004 and future actuarial reports, shall continue to be utilized to offset required City <br />contributions to the pension plan in an amount determined annually by the City, for as <br />long as such credit funding balance exists. <br />SECTION 4: That Chapter 62, Pensions and Retirement, Article I, Police Officers' <br />and Firefighters' Pension Plan, of the Code of Ordinances of the City of Casselberry, is <br />hereby amended by amending Section 62-2006, Benefit amounts and eligibility, <br />amending subsection (c), and adding subsection (g), to read as follows: <br />(c) Early retirement date. A Member may retire on his early retirement date <br />which shall be the first day of any month coincident with or next following +"° ~++~cY,~„°„+ °f <br />age the completion of six years of Credited Service, regardless of age. Early retirement <br />under the System is Retirement from employment with the City on or after the early <br />retirement date and prior to the normal retirement date. <br />***** <br />~ Required Distribution Date. The Member's benefit under this Section <br />must begin to be distributed to the Member no later than April 1 of the calendar year <br />following the later of the calendar year in which the Member attains age seventy and <br />one-half (70'/2) or the calendar year in which the Member terminates employment with the <br />City• <br />SECTION 5: That Chapter 62, Pensions and Retirement, Article I, Police Officers' <br />and Firefighters' Pension Plan, of the Code of Ordinances of the City of Casselberry, is <br />hereby amended by amending Section 62-2007, Pre-Retirement Death, subsection (b), <br />Deceased members vested or eligible for retirement, to read as follows: <br />6 <br />