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Forfeitures.

Memphis Code of Ordinances § 4-24-8
in effect
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Sec. 4-24-8. - Forfeitures. All forfeitures arising under the 1948 plan will be applied to reduce the contributions of the city to the 1948 plan and shall not be used to increase the 1948 plan benefits of any participant at any time prior to termination of the 1948 plan. (Code 1985, § 25-72; Ord. No. 3907, § 1, 12-5-1989)
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_CH4-241948BEPL_ART2CO_S4-24-8FOFetched: 10/28/2026

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