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d. Payments shall be made by payroll deduction from each paycheck on an after- <br />tax basis. <br />e. In the event that a member dies, retires (including entry into the Deferred <br />Retirement Option Plan (DROP) or otherwise terminates his employment, <br />without having made full payment of the principal amount necessary to <br />receive all credited service requested, the member shall receive so much of <br />the credited service requested, determined using procedures established by the <br />actuary, which could be purchased with the amount of principal paid by the <br />member to the date of his death or termination of emnlovment. <br />f. In the event that the member's employment is terminated for any reason and <br />he is not entitled to any benefit from the system other than the return of the <br />amounts he has had deducted from his paycheck as his normal contribution to <br />the system, the amounts which the member has paid pursuant to this <br />subsection to purchase additional credited service, shall be returned to him <br />including all interest paid, however, no interest shall accrue on amounts paid <br />to purchase service. <br />SECTION VI: Codification: It is the intention of the City Commission of the City of <br />Casselberry, Florida, and it is hereby ordained that the provisions of this Ordinance shall become and <br />be made a part of the Code of Ordinances of the City of Casselberry, Florida; that the Sections of this <br />Ordinance may be renumbered or re -lettered to accomplish such intention, that the word "Ordinance," <br />may be changed to "Section," "Article," or other appropriate word. <br />SECTION VII: Conflict: All Ordinances or parts of Ordinances in conflict with any <br />provisions of this Ordinance are hereby repealed. <br />SECTION VIII: Severability: If any section or portion of a Section of this Ordinance <br />proves to be invalid, unlawful or unconstitutional, it shall not be held to invalidate or impair the <br />validity, force, or effect of any other Section or part of this Ordinance. <br />SECTION IX: Effective Date: This Ordinance shall become effective ten (10) days after <br />its passage and adoption. <br />FIRST READING, this ' day of j e-cr)-e-__ , A.D. 2023. <br />SECOND READING and ADOPTION, this 'Iday of —,JUILt A.D. 2023. <br />d <br />ATTEST: <br />�AQL�7� z - a,( <br />-� <br />Donna G. Gardner <br />David Henson <br />City Clerk Mayor/Commissioner <br />