Pompano Beach General Employees Retirement System

Pompano Beach General Employees Retirement System

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Plan Provisions - Eligibility and Credited Service

   

Eligibility

If you are a full-time general employee of the Employer and you have 1) satisfactorily completed and passed all medical examinations for an employee in your classification, and 2) met  the requirements of the City’s merit system, you will be eligible to be a Member of the Plan.

If you were a general employee who transferred to the Broward County Library System or the Broward County Sheriff’s Office and you elected to continue participation in the City of Pompano Beach General Employees’ Retirement System, you are an eligible Member.

Participation in the Retirement System and contributions as defined above will be mandatory. Effective December 14, 2004, the Mayor, City Commissioners, City Clerk, City Attorney, City Auditor and City Manager, and any person who is elected or appointed to any of the foregoing positions after such date are eligible to be Members of the Plan.

Credited Service

Credited Service is used to compute the amount of your pension benefit when you retire, to determine whether you are eligible for certain benefits and to determine whether you are vested. Your Credited Service is equal to your total years and completed months of service with the Employer from your last date of hire until your date of termination, retirement, entry into the DROP, death or disability. (For exceptions to this rule, see the next section.) Authorized vacations and leaves of absence with pay are included.

Senior Managers who elected to join the Plan in February 2008 under Ordinance 2008-16 will earn Credited Service under the Plan beginning February 14, 2008. These Senior Managers may have chosen to have their prior service as Senior Managers with the Employer counted as Credited Service by paying the full actuarial cost for that service prior to December 11, 2011.

Break in Service

If you terminate employment and later return to work for the Employer, you will become a Member upon reemployment, subject to the conditions described in the Eligibility section above.

Upon your reemployment, you will be credited with your prior eligible service only if you repay in full, with interest at the rate (s) assumed for actuarial purposes, the monies previously refunded to you. One-half of the repayment is due within three months of your reemployment, with the balance due within six months of your reemployment. If repayment is not made in full within the prescribed time frame, any monies paid shall be refunded with interest. Once these monies are returned, there will be no further opportunity for you to obtain credit for prior service.

Military Service

Should you take a leave of absence from the Employer in order to enter the military either voluntarily or non-voluntarily, your period of leave will be included in your Credited Service for vesting purposes if you:

  • Return to City employment within one year from the earlier of the date of military discharge or release from active service, unless otherwise provided by the Uniformed Services Employment and Reemployment Rights Act, as amended; and

  • Are entitled to reemployment with the City under the provisions of the Uniformed Services Employment and Reemployment Rights Act.
Any active duty in the military prior to your date of hire by the Employer is not included in the Credited Service with this Employer.

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