Sec. 11-242. - Refund of contributions.

(a)

Any member withdrawing from service prior to retirement shall be entitled to a refund, in a single sum, of the amount of his contributions to the system, without interest. The payment of a refund under the provisions hereof shall automatically effect a waiver and forfeiture of all accrued rights and benefits in the system on the part of any member. The board may, in its discretion and regardless of cause, withhold payment of a refund for a period not to exceed one year after receipt of an application therefor.

(b)

Any member who has received a refund shall be considered a new member upon subsequent reemployment, provided that if such member shall render at least three years of service following his latest reentry into service, he shall be entitled to regain his previously forfeited service credits upon repayment of all amounts received as refunds, including regular interest from dates of refunds to date of repayment. The time and manner of making such repayments shall be fixed by the board.

(c)

Upon death of a member leaving no survivors eligible for annuity from the system, his accumulated contributions in the system, without interest, shall be paid in a single sum to such person as he shall have nominated by written designation duly executed and filed with the board. If no such designation shall have been made, payment shall be made to the legal representative.

(Rev. Ords. 1987, § 11-243)