§ 604. Vested deferred supplemental retirement income.  


Latest version.
  • If a Participant incurs a Termination of Employment after the Participant is eligible for a Vested Deferred Normal or Early Retirement Income as provided in Section 603 hereof, the Participant shall have the right to withdraw the Participant's Optional Employee Contributions, together with Credited Interest thereon, in a single sum, without prejudice to the Participant's remaining rights under the Plan with respect to Vested Deferred Normal or Early Retirement Income if the Participant has not withdrawn the Participant's Basic Employee Contributions, or if the Participant so desires, the Participant may leave such Optional Employee Contributions in the Fund, in which case the Participant shall be entitled to the full value of the benefits at retirement which can be provided from such Optional Employee Contributions.

(Ord. No. 23848 , § 2, 1-24-2018)