§ 1:268. Accumulated contributions following termination of employment—Vested non-members.

A.

Except as provided by subsection D of this section, whenever a member who has completed at least ten (10) years of creditable service terminates employment, but does not retire, he may leave his accumulated contributions on deposit with the pension plan, and any service certificate issued to him shall remain in effect.

B.

A member who participates in the pension plan and who leaves his accumulated contributions on deposit as allowed by subsection A of this section, and whose date of hire is prior to September 1, 2015, shall be eligible to receive a benefit when he attains the age of fifty-five (55) years. For a member whose date of hire is on or after September 1, 2015, he shall be eligible to receive a benefit when he attains the age of sixty (60) years for a non-public safety employee, or fifty-five (55) years for a public safety employee. The retirement allowance shall be the benefit earned and accrued at the date of withdrawal from service.

C.

An amount equal to the accumulated contributions of a member who leaves such contributions on deposit in the pension plan and who dies prior to eligibility for retirement shall be paid to his designated beneficiary or beneficiaries, if any, otherwise to his estate.

D.

The provisions of subsection A of this section shall be inapplicable with respect to a member who is dismissed from service because of conviction of a felony in the performance of his official duties. For a member hired, rehired, or elected on or after January 1, 2013, the receipt of a public retirement benefit is conditioned upon honorable service as a public official or employee, and retirement benefits of a member, spouse, and child(ren) may be forfeited if the employee is convicted of a public corruption crime under the provisions of Louisiana Legislative Acts 479 and 868 of the 2012 regular session of the Louisiana legislature.

(Ord. No. 10779, § 1, 12-11-96; Ord. No. 16039, § 1, 8-12-15)