The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1939-09-07

Ice may retire upon MS Written dp-
plication to the Board of Trustees
setting forth at what time, not less
than thirty nor more than ninety
days subsequent to the execution
and filing of such application. he
desires to be retired, provided that
such member at the time so speci-
fled for his retirement has attained
sixty years of age notwithstanding
that during such period of notifi-
cation he may have separated from
service. provided further, that be-
fore such member can retire he must
file with the Board of Trustees his
written selection of one of the OPP
tional benefits provided in Section
of this Act.
(b) Any member who has attain
ed seventy years of age before the
first day of July, nineteen hundred
and forty-one. or who attains sew
enty years of age, on or after said
date. shall be retired forthwith, pro-
vided. however that with the ap-
prevail of his employer he may re-
main in service until the end of the
school year following the date on
which he attains seventy. years of
age. If any member retires under
who before his death fails to select
one of the optional benefits set forth
in Section 8 hereof. his executors
or administrators shall receive the
balance of his accumulated contribu-
tons.
ca Upon service retirement a
member shall receive a service re-
tirement allowance which shall con-
sist of:
(a) An annuity which shall be the
actuarial equivalent of his accumu-
fFsrh at hn ~
his retirement; and
(b) A pension. in addition to this
annuity. of one one hundred fortieth
O-14O) of his average final COM
pensation multiplied by the number
of his years of membership service
since he last became a member; and
(c) If the member has a prior
service certificate in full force and
effect. an additional pension of one
SEVENTEEN Q-7O of his average fin
al compensation multiplied by the
number of years of service certified
on his prior service certificate.
CD Any member in service who has
fifteen or more years of creditable
service may, upon the application of
his employer or upon his own appli-
cation. be retired by the Board of
Trustees not less than thirty nor
more than ninety days after fol-
lowing the date 70 filing such appli-
cation. on a disability retirement
allowance. provided that the medical
board after a medical examination
of such member shall certify that
such member is mentally or physic-
ally incapacitated for the further
performance of duty, that such in
capacity is likely to be permanent,
and that such member should be re-
tired.
(q Upon retirement on account of
disability a member shall be paid
his service retirement allowance if
he is eligible for a service retire
ment allowance. otherwise he shall
receive retirement allowance which
shall consist of:
(a) An annuity which shall be
the actuarial equivalent of his ac-
cumulated contributions at the time
of retirement: and
(b) A pension which together with
his annuity shall provide a total re-
tlrement allowance equal to ninety
per centum of one SEVENTEEN of his
average final compensation multi
piled by the number of years of
service creditable to him at retire
ment, if such retirement allowance
exceeds twenty-five per centum OF
his average final compensation. If
such retirement allowance does not
exceed twenty-five per centum of his
average final compensation, a pen
sion shall be payable which together
with his annuity shall provide a to-
tai retirement allowance of twenty
five per centum of his average final
compensation, provided, however,
that no retirement allowance shall
exceed exceed ninety per centum of
one SEVENTEEN of his average final
compensation multiplied by the num-
Der of years of total service which
would be credited to the member
were his service continued to the
minimum age for service retirement.
CD (a) One each year during the
frst hve years following the retire
ment of a member on a disability
retirement allowance. and once in
every three-year period thereafter,
the Board of Trustees NAV REQUIRE
any disability beneficiary who has
not yet attained his minimum serv-
ice retirement age to undergo a med
lcal examination by the medical
board or a physician or physicians
designated by the medical board,
such examination to be made at the
place of residence of said beneficiary
or other place mutually agreed upon
Should Il disability beneficiary who
has not yet attained his minimum
service retirement age refuse to SUBJ
NIT to any such medical examina-
ton, his retirement allowance shall
be discontinued until his withdrawal
OF such refusal, and should such re-
fuSal continue for one year, all his
rights In and to his pension shall be
forfeited
OBJ Should the medical board re-
port and certify to the Bord of Trus-
tees that such disability beneficiary
is engaged in or is able to engage
IN a gainful occupation paying
more than the difference between his
disability retirement allowance and
his average final compensation. and
should the Board of Trustees con-
cur in such report. then the amount
OF his pension shall be reduced to
an amount which. together with his
annuity and the amount earnable
by him. shall equal the amount of
his average final compensation
should his earning capacity later be
changed, the amount of his pension
may be further modified, provided
that the pension so modified shall
not exceed the amount of the pen
sion allowable under Subsection "a
OF this section, at the time of retire
ment. nor an amount which when
added to the amount earnable by the
beneficiary. together with his an
nuity. equals the amount of his av-
erage final compensation. A bene-
ficiary restored to active service at
a salary less than the average final
compensation upon the basis of
which he was retired shall not be-
come a member of the retirement
system at that time.
(c) Should disability beneficiary
under his minimum service ratirc
ment age be at any time in service
at salary equal to or greater than
his average final compensation upon
the basis of which he was retired
his disability retirement allowance
shall cease and he shall again be-
come a member of the retirement
system and shall contribute there
after at the same rate at which he
paid prior to disability. ANY prior