4098

COUNTY LOCAL LAWS

IS HIRED BY THE COUNTY AFTER THE EFFECTIVE DATE OF THIS
PLAN.

(7)    "INSURANCE COMPANY" SHALL REFER TO THE LEGAL
RESERVE LIFE INSURANCE COMPANY WHICH HAS ISSUED A GROUP
ANNUITY CONTRACT TO THE COUNTY FOR THE PURPOSES OF THIS
PLAN.

(8)    "NORMAL RETIREMENT DATE" OF ANY PARTICIPANT
SHALL MEAN THE FIRST DAY OF THE MONTH AFTER THE EARLIER
OF HIS SIXTIETH (60TH) BIRTHDAY OR THE DATE AS OF WHICH
HE COMPLETES SIXTEEN (16) YEARS OF SERVICE.

(9)    "PARTICIPANT" SHALL MEAN AN EMPLOYEE WHO IS
COVERED UNDER THIS PLAN.

(10)   "RATE OF EARNINGS" SHALL MEAN THE RATE OF
ANNUAL BASIC COMPENSATION WITH THE COUNTY ON THE DAY
SPECIFIED, EXCLUDING OVERTIME PAYMENTS AND OTHER FORMS OF
ADDITIONAL COMPENSATION.

(11)   "SERVICE" SHALL MEAN CONTINUOUS EMPLOYMENT
(COMPUTED TO THE NEAREST 1/12 OF A YEAR) WITH THE COUNTY
WHILE CLASSIFIED AS AN EMPLOYEE; PROVIDED THAT, AS TO
CURRENT EMPLOYEES, ALL SERVICE PRIOR TO JULY 1, 1973 AS A
CLASSIFIED EMPLOYEE SHALL BE DEEMED TO BE CONTINUOUS
EMPLOYMENT.

SECTION 1-262. PARTICIPATION.

(A)    A CURRENT EMPLOYEE WHO ELECTS TO BECOME
COVERED UNDER THIS PLAN PRIOR TO DECEMBER 1, 1973 SHALL
BE COVERED RETROACTIVELY AS OF JULY 1, 1973, OR AS OF THE
FIRST DAY OF THE PAY PERIOD FOLLOWING THE DATE HE MAKES
THE ELECTION.

(B)    A FUTURE EMPLOYEE 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.

(C)    IF A PERSON LEAVES THE CLASSIFIED SERVICE AND
SUBSEQUENTLY RETURNS LESS THAN EIGHT (8) YEARS AFTER
LEAVING, SAID PERSON MAY RESUME PARTICIPATION IN THE
PLAN; BUT IF HE RETURNS EIGHT (8) YEARS OR MORE AFTER
LEAVING, SAID PERSON SHALL BE CONSIDERED A NEW EMPLOYEE
FOR PURPOSES OF THIS PLAN.

SECTION 1-26 3. CREDITED SERVICE.

(A) A PARTICIPANTS CREDITED SERVICE EQUALS THE
SUM OF HIS CREDITED FUTURE SERVICE AND HIS CREDITED PAST
SERVICE, DETERMINED AS FOLLOWS: