§ 24.0305 — Additional Contributions by Safety Members

§24.0305 Additional Contributions by Safety Members

Subject to the rules and regulations prescribed by the Board, a Safety Member may elect to make post-tax Additional Contributions at rates in excess of his Normal Contributions, for the purpose of providing additional benefits. The exercise of this privilege by a Safety Member will not obligate the City to make any additional contributions. Upon application, the Board will furnish to the Safety Member information concerning the nature and amount of additional benefits to be obtained by the Additional Contributions. The Member may stop or change the amount of his or her Additional Contributions at any time, but may not withdraw Additional Contributions except upon termination of membership, and then only if the employee withdraws all of his or her Accumulated Contributions.

(“Additional Contributions for Safety Members” renumbered from Sec 24.0306 on 2–25–1997 by O–18383 N.S.) (Retitled to “Additional Contributions by Safety Members,” and amended 6-10-2014 by O-20376 N.S.; effective 7-10-2014.)