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Forfeitures.

Memphis Code of Ordinances § 4-34-15
in effect
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Sec. 4-34-15. - Forfeitures. All forfeitures arising under this 2016 plan will be applied to reduce the contributions of the city to the plan and shall not be used to increase the 2016 plan benefits of any participant at any time prior to the termination of the 2016 plan. (Ord. No. 5573, § III, 12-16-2014)
Source: City of Memphis, Code of Ordinances and Charter and Related Laws (Municode Library, library.municode.com)URL: https://library.municode.com/tn/memphis/codes/code_of_ordinances?nodeId=TIT4PERESY_CH4-342016CABAPLDECOPL_ART3CABAPLCO_S4-34-15FOFetched: 10/28/2026

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