4110

COUNTY LOCAL LAWS

SECTION 1-280. AMENDMENT AND TERMINATION.

(A) THIS PLAN MAY BE AMENDED FROM TIME TO TIME OR
TERMINATED, BUT ANY SUCH AMENDMENT OR TERMINATION SHALL
NOT ADVERSELY AFFECT ANY BENEFITS PAYABLE BEFORE THE
EFFECTIVE DATE OF ANY SUCH CHANGE OR TERMINATION, EXCEPT
AS PROVIDED IN SECTION 1-282. THE COUNTY RESERVES THE
RIGHT TO TERMINATE THIS PLAN AT ANY TIME. IN THE EVENT
OF ANY SUCH TERMINATION, THE LIABILITY OF THE COUNTY
UNDER THE PLAN SHALL BE TO THE EXTENT OF ALL
PARTICIPANT'S CONTRIBUTIONS WHICH HAVE NOT BEEN REFUNDED
PLUS THE AMOUNT REQUIRED, IF ANY, TO FULLY FUND THE
BENEFITS ACCRUED TO THE DATE OF TERMINATION FOR ALL
PARTICIPANTS WHO ARE THEN ACTIVE, RETIRED OR DISABLED, OR
FOP OTHER PAYEES WHO ARE THEN RECEIVING BENEFITS
HEREUNDER.

(B) IN THE EVENT THE PLAN IS TERMINATED, THE
PENSION FOND SHALL BE DISTRIBUTED AMONG THE PARTICIPANTS
IN A MANNER DETERMINED BY THE PERSONNEL OFFICER
PRECLUDING INDIVIDUAL DISCRIMINATION, BY THE PURCHASE OF
ANNUITIES OR OTHER EQUITABLE MEANS OF DISTRIBUTION,
PROVIDED THAT IF THE BALANCE IN THE PENSION FUND EXCEEDS
THE AMOUNT REQUIRED TO FULLY FUND THE BENEFITS ACCRUED TO
THE DATE OF TERMINATION FOR ALL PARTICIPANTS WHO ARE THEN
ACTIVE, RETIRED OR DISABLED, OR FOR OTHER PAYEES WHO ARE
THEN RECEIVING BENEFITS HEREUNDER, SUCH EXCESS SHALL BE
RETURNED TO THE COUNTY.

SECTION 1-281. GENERAL PROVISIONS.

(A)    THIS PLAN SHALL NOT BE CONSTRUED TO GIVE ANY
EMPLOYEE THE RIGHT TO BE RETAINED IN THE EMPLOY OF THE
COUNTY.

(B)    IN NO EVENT SHALL ANY PORTION OF THE PENSION
FUND REVERT TO THE COUNTY EXCEPT AS PROVIDED IN SECTION
1-280 OF THIS ARTICLE.

SECTION 1-282. LIMITATION ON BENEFITS.

(A) FOR THE PURPOSES OF THIS SECTION, THE
FOLLOWING TERMS ARE DEFINED:

(1)    THE TERM "PLAN DATE" MEANS JULY 1, 1973, AND
EACH LATER DATE WHICH IS SPECIFIED AS A PLAN DATE FOR THE
COUNTY IN AN AMENDMENT TO THIS PLAN BY REASON OF AN
INCREASE IN THE BENEFITS TO BE PROVIDED BY COUNTY
CONTRIBUTIONS FOR HIGHLY COMPENSATED EMPLOYEES.

(2)    THE RESTRICTED PARTICIPANTS FOR EACH PLAN DATE
SHALL BE DETERMINED BY THE PERSONNEL OFFICER AND SHALL
CONSIST OF THE TWENTY FIVE (25) HIGHEST PAID EMPLOYEES OF
THE COUNTY ON SUCH DATE WHO ARE OR MAY BECOME ELIGIBLE