Forfeitures.
San José Municipal Code § 3.28.1025
in effect3.28.1025 - Forfeitures.
A. In the event of a forfeiture of benefits arising from separation from employment, death, or any other reason, the amount of such forfeiture shall remain in the retirement fund and shall not be applied to increase the benefits any member, former member or beneficiary of the plan would otherwise be entitled to receive prior to the termination of the plan.
B. The amounts forfeited shall be used to reduce the city's contributions to the plan; provided, however, that the effect of forfeitures may be anticipated in the determination of the liabilities of the plan.
(Ord. 27838.)
Source: City of San José, Municipal Code (Municode Library, library.municode.com)URL: https://library.municode.com/ca/san_jose/codes/code_of_ordinances?nodeId=TIT3PE_IIREPL_CH3.281975FEEMREPL_PT8BEGE_3.28.1025FOFetched: 11/1/2026