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HomeMy WebLinkAboutResolutions - No. 1604In the City Council City of Lodi Lodi, California • RESOLUTION NO. 1604 APPROVING A REGULATION OF THE PENSION BOARD RELATING TO PENSION CONTRIBUTIONS DURING AND AFTER PERIODS OF EXTENDED LEAVE WHEREAS, It is recognized that certain questions relative to operation of the City of Lodi retirement system will arise in connection with voluntary and involuntary leaves of absence on the part of the members thereof; now therefore, BE IT RESOLVED, That any employee -member finding it necessary to remain on leave without pay as a result of illness, any employee - member ordered to military duty and any employee -member receiving a leave without pay in accordance with the personnel rules and regulations, shall have the following options: 1. He may elect to remove his contributions from the Pension Fund, in which event upon his return from leave, he will enter the pension system as a new member without credit for pre- vious service. 2. He may continue to make monthly pension payments in accordance with the salary and rate of contribution obtaining in the last month immediately preceding such leave. 3. Upon return from leave, he may have deducted from his salary currently required deductions for pension purposes, plus pay- ments in accordance with the salary and rate of contribution obtain- ing in the last month immediately preceding such leave until such latter payments shall have reached the amount he would have con- tributed had he been continuously employed; or, as an alternative thereto, he may make such payments for the period of leave in one lump sum or in such amounts as the City may reasonably determine. This option must be exercised within ninety days after return from leave. Payments made in reimbursement of contributions not made during the period of leave shall be so arranged that full reimburse- ment is made within a period not greater than twice the period of absence on leave. 4. He may elect to make no payments for the period of leave, in which event he shall receive no credit toward retirement for the period of leave. This option shall be exercised within ninety days after return from leave._ BE IT FURTHER RESOLVED, That such payments shall be without interest chargeable by the City, and BE IT FURTHER RESOLVED, That the City shall match any pay- ments so made in the same manner as if such payments had been made concurrently with the service of the employee -member and that the employee -member shall thereby receive credit toward retirement as if his service had been unbroken; and BE IT FURTHER RESOLVED, That this determination shall be liberally interpreted. It is the intent of the City Council that no employee -member shall suffer, except at his own option, any loss of retirement credit by reason of a regularly -granted leave of absence, provided that the actuarial requirements of employee - member and City contributions are met. The foregoing Resolution No. 1604 adopted by the City Council of the City of Lodi in regular meeting held May 2, 1951, all members present and voting for such adoption.