§ 2-88.8. Transfers between covered and non-covered employment.

(a)

In the event that a member enters this plan as a result of appointment from a position covered by the general employees retirement plan or the city's 401(a) plan, the member shall continue to accrue credited service in the prior plan as well as earning credited service in this plan; provided however, that there shall be an offset of benefits and contributions.

(b)

If a member of this plan is reassigned to a position covered by the general employees plan or the city's 401 plan, benefit accrual in this plan shall cease, but vesting credit shall continue to accrue in both this plan and the plan to which the former member has transferred.

(c)

This plan, the City of Lauderhill Confidential and Managerial Employees' Retirement Plan, will coordinate benefits with the general employees' pension fund. In the event that a participant of this plan has earned a minimum of seven (7) years of aggregate service in this plan or the general employees' pension fund, the participant shall be eligible for coordination of benefits from the two (2) plans, to the extent of any service credit accrued in such plans. Upon the commencement of a service retirement, the participant shall receive payment from this plan in an amount equal to the credited service accrued. In addition, the participant shall also be eligible for payment from the general employees' pension fund, as appropriate, of a benefit equal to the years of credited service in that plan based upon the salary in effect at the time the participant terminated service with the city. The benefits in the general employees' pension fund shall be available even though the participant shall not have vested under the terms of that plan.

(d)

In the event a participant of this plan shall transfer from this plan to the general employees' pension fund, and the participant shall have accrued a total of seven (7) or more years of aggregate credited service in this plan and the general employees' pension fund, the participant shall, upon retirement from the general employees' pension fund, be deemed vested in this plan and eligible to receive benefits accrued in this plan up to the date of termination, based on the salary and in an amount in effect on the date of transfer. This benefit shall be available even though the participant shall not have achieved a vested benefit in this plan; provided, however, that the participant, upon termination in this plan, kept his/her contributions on deposit in this plan.

(e)

The normal retirement date for a participant with an aggregate of seven (7) or more years of service credit from this plan or the general employees' pension fund, shall be the normal retirement date of the participant's current plan.

(Ord. No. 02O-09-165, § 1, 12-9-02; Ord. No. 07R-08-148, § 1, 9-10-07; Ord. No. 18O-01-102, § 1, 1-29-2018)

Editor's note

Section 4 of Ord. No. 07R-08-148 provides for an effective date retroactive to Oct. 1, 2006.