2460                                Municipal Charters

(1)    The term "normal retirement date" of an employee means the
first day of any month elected by the employee after he reaches his
sixtieth (60th) birthday, or after he reaches his fifty-fifth (55th) birth-
day and completes at least thirty (30) years of service.

(m) (1) The normal mandatory retirement date for each employee
on July 1, 1969, other than an elected or appointed official, is as follows:

Age Last Birthday of
Participant on July 1, 1969         Normal Mandatory Retirement Date

less than 60                 the first day of the month coinciding with

or next following his sixty-fifth birthday

60 through 64             July 1, 1974

65 and over                 the first day of the month coinciding with

or next following his seventieth birthday

(2)   The normal mandatory retirement date for each employee en-
tering the service of the County after July 1, 1969, other than an elected
or appointed official, is the first day of the month coinciding with or
next following his sixty-fifth birthday.

(n) The Personnel Officer at his discretion may grant one (1) year
extensions of service when requested by the employee, recommended and
approved by the appointing authority, provided the employee furnishes
medical evidence satisfactory to the Personnel Officer of physical or mental
capability of performance.

(o) The term "elective early retirement date" means the date as
of which a participant becomes entitled to receive a pension as deter-
mined in accordance with Section 1-221 (b).

(p) The term "credited interest" means interest on a participant's
contributions for the number of full months from the January 1 following
the date such contribution was made to the date to which it is being
computed. The initial rate of interest is 4 ¼% per annum compounded
on each January 1. Any change in the rate of credited interest will
apply to interest allowed for months occurring after the effective date of
the change. The rate of credited interest shall be determined by the
County Council.

(q) The term "insurance company" refers to the legal life reserve
insurance company which has issued a group annuity contract to the
County for the purposes of this plan.

Section 1-219

(a) (1) A current employee who is not an elected or appointed official
who elects to become covered under this plan prior to July 1, 1969,
will become covered on July 1, 1969, otherwise as of the first day of
the month following the date he makes the election.

(2)    A future employee who is under age 55 on his date of hire
and who is not an elected or appointed official will become covered as
of his date of hire. A future employee who is age 55 or over on his
date of hire or who is an elected or appointed official may elect to
become covered under this plan as of the first day of the pay period
following the date of his election to participate in the Plan.

(3)   Once an employee becomes a participant, he must remain a par-
ticipant throughout the period of his employment.