19-1509 Amending Chapter 62 Article 1 - Police Officers' & Firefighters' Pension Plan

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subsequent retirement The amount of any death or disability benefit received as a result of a subsequent period of employment shall be reduced by the amount of accrued benefit eligible to be paid for a prior period of employment. ihe optional form of benefit and any joint pensioner selected upon initial retirement shall not be subject to change upon subsequent retirement except as otherwise provided herein, but the member may select a different optional form and joint pensioner applicable to the subsequent retirement benefit Retirement pursuant to an early retirement incentive_ program shall be deemed early retirement for purposes of this section if the member was permitted to retire prior to the customary retirement date provided for in the system at the time of retirement. Le After disability retirement. W Subject to paragraph (2) below, any retiree who is retired under Section 62-2008 Disability ("disability retiree"), may, subject to subsection (e), physical examination requirement, of that section, be reemployed by any public or private employer, and may receive compensation from that employment without limiting or restricting ' any way, the retirement benefits payable under this system. ( Any disability retiree who subsequently becomes an employee of the City in any capacity, except as a police officer or firefighter, shall discontinue receipt of disability benefits from the system for the period of any such employment. If a disability retiree is reemployed as a police officer for the City or a firefighter for the County, his disability benefit shall cease and Section 62-2008(e) shall apply. (e Reemployment of terminated vested persons. Reemployed terminated vested persons shall not be subject to the provisions of this section until such time as they begin to actually receive benefits. Upon receipt of benefits, terminated vested persons shall be treated as normal or early Retirees for purposes of applying the provisions of this section and their status as an early or normal Retiree shall be determined by the date they elect to begin to receive their benefit. (f g) DROP participants. MembersorRetirees who areorwere in the Firefighters' Deferred Retirement Option Plan shall, following termination of employment after DROP participation, have the options provided for in this section for reemployment. SECTION V: That Chapter 62, Pensions and Retirement, Article XVIII, Police Officers' and Firefighters' Pension Plan, of the Code of Ordinances of the City of Casselberry, is hereby amended by amending Section 62-2030, Supplemental Benefit Component for Special Benefits; Chapter 175 anfd 185 Share Accounts, by amending subsection (b)(2), and subsection (d), Forfeitures, to read as follows: (b) (2) in addition, Any forfeitures as provided in subsection (d), shall be allocated used as part of future allocations to the individual Member share accounts in accordance with the formula set forth in subsection (d) c 1 . Ordinance 19-1509 Page 6 of 9