Special redeposit provisions.
San José Municipal Code § 3.28.2430
in effect3.28.2430 - Special redeposit provisions.
A. Notwithstanding Section 3.28.790, a former member of this Retirement System who terminated City employment, other than for retirement or death, and who withdrew his or her accumulated contributions and the accrued interest may redeposit such withdrawn contributions and accrued interest and become eligible for the benefits under this Part 21 if the following requirements are satisfied:
1. The former member meets the requirements of Section 3.28.2410.
2. The former member redeposits all contributions and accrued interest previously withdrawn plus the interest that would have been earned by such contributions and interest, at the retirement fund's actual earnings rate, had they remained on deposit in the retirement fund.
3. Such redeposit is made within the time and in the manner prescribed by the Board, such time not to extend beyond the date of such former member's retirement from this Retirement System or from a reciprocal system, whichever first occurs.
B. In the event the former member begins redeposit under this Section but before all the amounts specified in paragraph 2. of subsection A. above have been redeposited, the former member dies or retires from this Retirement System or a reciprocal system:
1. Such amounts as have been redeposited shall be paid to the former member's designated beneficiary or, if no beneficiary has been designated, to the former member's estate in the event of the former member's death; or
2. Such amounts as have been redeposited shall be paid to the former member in the event of the former member's retirement.
C. This Section 3.28.2430 does not authorize the redeposit of contributions by a member of this Retirement System in any case where the member withdrew contributions upon separation from City service, but did not redeposit the contributions upon the member's reemployment. Redeposits of contributions upon reemployment shall be governed by Section 3.28.790.
D. This Section 3.28.2430 shall apply to Tier 2 members; provided, however, Tier 2 members making redeposits shall be responsible for paying the entire cost of the service credit purchase.
(Ords. 24682, 25031, 29120, 29904.)
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_PT21RE_3.28.2430SPREPRFetched: 11/1/2026